Mutual of America Capital Management LLC Has $4.81 Million Stake in Ross Stores, Inc. $ROST

Mutual of America Capital Management LLC reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,707 shares of the apparel retailer’s stock after selling 687 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ross Stores were worth $4,811,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Ross Stores in the first quarter valued at about $29,000. Bayforest Capital Ltd lifted its position in Ross Stores by 372.5% during the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after buying an additional 190 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Ross Stores during the 2nd quarter worth about $38,000. 86.86% of the stock is currently owned by institutional investors.

Insider Activity

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the completion of the transaction, the insider directly owned 57,012 shares of the company’s stock, valued at approximately $8,607,101.64. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 39,351 shares of the 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 owned 157,153 shares of the company’s stock, valued at $22,944,338. This trade represents a 20.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,720 shares of company stock worth $7,761,212 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Ross Stores Trading Down 0.2%

NASDAQ ROST opened at $156.05 on Thursday. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $158.69. The stock has a 50-day simple moving average of $150.23 and a 200 day simple moving average of $142.28. 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 company has a market capitalization of $50.75 billion, a PE ratio of 24.77, a P/E/G ratio of 3.01 and a beta of 1.18.

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

Ross Stores Dividend Announcement

The company also recently declared 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. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Ross Stores’s dividend payout ratio (DPR) is currently 25.71%.

Analysts Set New Price Targets

Several analysts have recently commented on ROST shares. Barclays increased their price target on shares of Ross Stores from $156.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Wells Fargo & Company increased their price objective on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. UBS Group boosted 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. Jefferies Financial Group raised 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 note on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.