OneDigital Investment Advisors LLC Sells 2,061 Shares of Ross Stores, Inc. (NASDAQ:ROST)

OneDigital Investment Advisors LLC lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,963 shares of the apparel retailer’s stock after selling 2,061 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Ross Stores were worth $3,155,000 as of its most recent SEC filing.

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 shares of Ross Stores during the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. raised its stake in Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 152 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in Ross Stores in the second quarter valued at about $32,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Ross Stores during the third quarter worth about $33,000. Finally, Crewe Advisors LLC increased its holdings in shares of Ross Stores by 97.8% during the second quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock valued at $40,000 after acquiring an additional 136 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Price Performance

NASDAQ:ROST opened at $140.69 on Friday. The company has a 50 day moving average price of $146.18 and a 200-day moving average price of $144.11. Ross Stores, Inc. has a 1-year low of $119.73 and a 1-year high of $163.60. The firm has a market cap of $46.68 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Ross Stores, Inc. will post 6.12 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.71%.

Insider Transactions at Ross Stores

In related news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction dated 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 sale, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the sale, the chairman now owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. This trade represents a 57.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock valued at $11,093,051 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ROST shares. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on Ross Stores from $175.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird boosted their price target on Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Barclays increased their price objective on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.00.

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.