OneDigital Investment Advisors LLC Decreases Stake in Ross Stores, Inc. (NASDAQ:ROST)

OneDigital Investment Advisors LLC lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 65.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,314 shares of the apparel retailer’s stock after selling 13,649 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Ross Stores were worth $1,106,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Ross Stores in the 4th quarter worth approximately $31,000. ORG Partners LLC increased its position in shares of Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 191 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Ross Stores during the 4th quarter valued at $51,000. Finally, Oakworth Capital Inc. bought a new stake in Ross Stores in the fourth quarter worth $57,000. Institutional investors own 86.86% of the company’s stock.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 7,492 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the transaction, the chief operating officer now directly owns 139,091 shares in the company, valued at approximately $17,760,529.79. The trade was a 5.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Karen Fleming sold 5,339 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.73, for a total transaction of $671,272.47. Following the completion of the sale, the chief marketing officer now owns 94,063 shares in the company, valued at $11,826,540.99. This represents a 5.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,398 shares of company stock valued at $4,439,950. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores Stock Performance

ROST stock opened at $139.71 on Friday. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The business has a 50-day moving average price of $133.37 and a 200 day moving average price of $142.66. The company has a market capitalization of $45.94 billion, a P/E ratio of 22.00, a PEG ratio of 2.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. As a group, equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.405 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.62 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s dividend payout ratio is currently 25.63%.

Analyst Ratings Changes

ROST has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Ross Stores from $166.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group reduced their price objective on shares of Ross Stores from $175.00 to $150.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 5th. StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays set a $150.00 price target on Ross Stores in a report on Wednesday, March 5th. Finally, BMO Capital Markets dropped their price objective on Ross Stores from $168.00 to $156.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $160.87.

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.