Nisa Investment Advisors LLC Has $52.49 Million Stock Position in Ross Stores, Inc. $ROST

Nisa Investment Advisors LLC raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 374.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 411,404 shares of the apparel retailer’s stock after buying an additional 324,693 shares during the quarter. Nisa Investment Advisors LLC owned about 0.13% of Ross Stores worth $52,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROST. ICW Investment Advisors LLC boosted its holdings 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 period. CreativeOne Wealth LLC raised its position 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 valued at $247,000 after buying an additional 70 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 73 shares during the period. First Horizon Advisors Inc. grew its position in Ross Stores by 6.1% during the first quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer’s stock worth $164,000 after buying an additional 74 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in Ross Stores by 36.6% in 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 and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 0.1%

Shares of ROST stock opened at $156.75 on Friday. The company has a market capitalization of $50.98 billion, a P/E ratio of 24.88, a P/E/G ratio of 3.01 and a beta of 1.18. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $158.69. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $150.62 and a 200 day moving average price of $142.79.

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

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were paid a $0.405 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.0%. Ross Stores’s dividend payout ratio (DPR) is 25.71%.

Insiders Place Their Bets

In related news, CMO Karen Sykes sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the transaction, the chief marketing officer owned 106,413 shares in the company, valued at $16,149,236.88. This represents a 3.62% decrease in their position. The sale was disclosed in a 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 dated Thursday, September 25th. The shares were 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,720 shares of company stock valued at $7,761,212. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. UBS Group increased their price objective on shares of Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Morgan Stanley raised their price objective on shares of Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 22nd. Robert W. Baird upped their target price on shares of Ross Stores from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 22nd. Finally, BTIG Research started coverage on shares of Ross Stores in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.33.

Ross Stores Company 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.