Radnor Capital Management LLC Takes $587,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Radnor Capital Management LLC bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,900 shares of the apparel retailer's stock, valued at approximately $587,000.

Other large investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Ross Stores during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. grew its stake in Ross Stores by 262.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 152 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in Ross Stores during the 2nd quarter valued at about $32,000. Armstrong Advisory Group Inc. purchased a new stake in Ross Stores during the 3rd quarter valued at about $33,000. Finally, Crewe Advisors LLC boosted its stake in shares of Ross Stores by 97.8% in the second quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer's stock worth $40,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.

Insider Activity at Ross Stores

In related news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the sale, the chief operating officer now owns 103,049 shares of the company's stock, valued at approximately $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares in the company, valued at $48,003,532.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the sale, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by insiders.

Ross Stores Price Performance

Shares of Ross Stores stock traded up $2.99 during mid-day trading on Thursday, reaching $141.58. 1,701,552 shares of the stock traded hands, compared to its average volume of 2,241,797. The business has a 50-day moving average of $147.55 and a 200 day moving average of $143.75. Ross Stores, Inc. has a fifty-two week low of $119.73 and a fifty-two week high of $163.60. The stock has a market capitalization of $46.97 billion, a PE ratio of 22.35, a PEG ratio of 2.28 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business's revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.04%. Ross Stores's dividend payout ratio is presently 23.71%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROST. Telsey Advisory Group restated a "market perform" rating and issued a $175.00 target price on shares of Ross Stores in a research note on Tuesday, October 29th. Loop Capital upped their target price on Ross Stores from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Robert W. Baird upped their target price on Ross Stores from $162.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Morgan Stanley upped their target price on Ross Stores from $163.00 to $178.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Finally, StockNews.com upgraded Ross Stores from a "hold" rating to a "buy" rating in a research note on Saturday, September 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.88.

Ross Stores Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.