Prime Capital Investment Advisors LLC Sells 237 Shares of Ross Stores, Inc. $ROST

Prime Capital Investment Advisors LLC cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,375 shares of the apparel retailer’s stock after selling 237 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Ross Stores were worth $558,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of Ross Stores during the first quarter worth $328,000. Aurora Private Wealth Inc. acquired a new position in shares of Ross Stores during the first quarter worth $1,476,000. MQS Management LLC acquired a new position in shares of Ross Stores during the first quarter worth $630,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Ross Stores by 50.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 8,149 shares of the apparel retailer’s stock worth $1,041,000 after buying an additional 2,750 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of Ross Stores by 59.9% during the second quarter. Pallas Capital Advisors LLC now owns 7,591 shares of the apparel retailer’s stock worth $968,000 after buying an additional 2,843 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $147.71 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $148.57 and a two-hundred day moving average price of $140.79. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $158.69. The company has a market cap of $48.04 billion, a P/E ratio of 23.45, a PEG ratio of 2.88 and a beta of 1.18.

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. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The firm had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $1.59 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.1%. Ross Stores’s dividend payout ratio (DPR) is currently 25.71%.

Wall Street Analyst Weigh In

ROST has been the subject of several analyst reports. UBS Group raised their target price on Ross Stores from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Barclays raised their target price on Ross Stores from $156.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley raised their target price on Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ross Stores in a research report on Saturday, September 27th. Finally, Wells Fargo & Company raised their target price on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

Insider Transactions at Ross Stores

In other news, CEO James Grant Conroy sold 39,351 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total value of $5,745,246.00. Following the completion of the sale, the chief executive officer directly owned 157,153 shares in the company, valued at $22,944,338. This trade represents a 20.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value 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 approximately $13,169,865.15. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,720 shares of company stock valued at $7,761,212. 2.20% of the stock is currently owned by corporate insiders.

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.