Radnor Capital Management LLC Acquires 1,750 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Radnor Capital Management LLC boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 40.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,070 shares of the apparel retailer’s stock after acquiring an additional 1,750 shares during the period. Radnor Capital Management LLC’s holdings in Ross Stores were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Forum Financial Management LP grew its holdings in shares of Ross Stores by 5.3% during the fourth quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer’s stock worth $223,000 after purchasing an additional 74 shares during the last quarter. Key Financial Inc grew its holdings in shares of Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 77 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Ross Stores by 2.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the apparel retailer’s stock worth $470,000 after purchasing an additional 79 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Ross Stores by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,983 shares of the apparel retailer’s stock worth $451,000 after purchasing an additional 89 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Ross Stores by 2.4% during the fourth quarter. Allworth Financial LP now owns 3,895 shares of the apparel retailer’s stock worth $583,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Insider Activity

In other news, CMO Karen Fleming sold 5,339 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was 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. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Michael Balmuth sold 11,261 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $131.60, for a total value of $1,481,947.60. Following the sale, the chairman now owns 59,790 shares of the company’s stock, valued at approximately $7,868,364. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,398 shares of company stock worth $4,439,950 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROST. Wells Fargo & Company reduced their price target on Ross Stores from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Robert W. Baird reduced their price target on Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Telsey Advisory Group restated a “market perform” rating and set a $150.00 price target on shares of Ross Stores in a report on Friday, May 23rd. UBS Group reduced their price target on Ross Stores from $168.00 to $163.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Evercore ISI cut their price objective on Ross Stores from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.67.

Ross Stores Price Performance

Shares of ROST opened at $143.80 on Friday. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The business’s 50 day moving average price is $141.02 and its two-hundred day moving average price is $142.95. The firm has a market cap of $47.28 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.405 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.13%. Ross Stores’s dividend payout ratio is 25.59%.

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.