CreativeOne Wealth LLC Has $282,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

CreativeOne Wealth LLC cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 35.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,862 shares of the apparel retailer’s stock after selling 1,042 shares during the quarter. CreativeOne Wealth LLC’s holdings in Ross Stores were worth $282,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ROST. Larson Financial Group LLC boosted its holdings in shares of Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 107 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Ross Stores in the 4th quarter worth $31,000. ORG Partners LLC increased its holdings in Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ross Stores in the 4th quarter valued at about $51,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ross Stores in the fourth quarter valued at about $57,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

Shares of ROST opened at $139.63 on Monday. The company’s 50-day moving average is $133.48 and its 200-day moving average is $142.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a market capitalization of $45.91 billion, a PE ratio of 21.99, a PEG ratio of 2.13 and a beta of 1.11. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.405 per share. The ex-dividend date was Tuesday, March 18th. This is a boost from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a dividend yield of 1.16%. Ross Stores’s dividend payout ratio (DPR) is currently 25.63%.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley cut their price objective on shares of Ross Stores from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Evercore ISI decreased their target price on shares of Ross Stores from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on shares of Ross Stores from $166.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Barclays set a $150.00 price objective on Ross Stores in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.87.

Insider Activity

In related news, COO Michael J. Hartshorn sold 7,492 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the transaction, the chief operating officer now owns 139,091 shares of the company’s stock, valued at $17,760,529.79. The trade was a 5.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Balmuth sold 11,261 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the sale, the chairman now owns 59,790 shares in the company, valued at $7,868,364. The trade was a 15.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,398 shares of company stock worth $4,439,950. Corporate insiders own 2.10% of the company’s stock.

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.