Lawson Kroeker Investment Management Inc. NE Has $4.09 Million Holdings in Ross Stores, Inc. $ROST

Lawson Kroeker Investment Management Inc. NE grew its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,085 shares of the apparel retailer’s stock after acquiring an additional 494 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Ross Stores were worth $4,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ICW Investment Advisors LLC lifted its stake in Ross Stores by 0.4% in the 1st quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock valued at $2,359,000 after purchasing an additional 67 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Ross Stores by 3.8% during the first quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock worth $247,000 after buying an additional 70 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Ross Stores by 50.7% during the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Ross Stores by 6.1% in the 1st quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer’s stock valued at $164,000 after acquiring an additional 74 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In related news, CEO James Grant Conroy sold 39,351 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the transaction, the chief executive officer owned 157,153 shares in the company, valued at $22,944,338. The trade was a 20.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $149.09, for a total transaction of $437,131.88. Following the completion of the sale, the chief marketing officer owned 88,335 shares of the company’s stock, valued at $13,169,865.15. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,720 shares of company stock worth $7,761,212. 2.20% of the stock is owned by insiders.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $147.71 on Friday. The company has a market capitalization of $48.04 billion, a PE ratio of 23.45, a P/E/G ratio of 2.84 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $158.69. The firm has a fifty day simple moving average of $148.57 and a 200 day simple moving average of $140.88.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The firm had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. On average, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $1.62 annualized dividend and a dividend yield of 1.1%. Ross Stores’s dividend payout ratio (DPR) is 25.71%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 22nd. Cowen restated a “buy” rating on shares of Ross Stores in a report on Friday, August 22nd. UBS Group raised their price objective on shares of Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ross Stores in a research report on Saturday, September 27th. Finally, Jefferies Financial Group upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

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.