Opal Wealth Advisors LLC Purchases 85 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Opal Wealth Advisors LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,598 shares of the apparel retailer’s stock after acquiring an additional 85 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Ross Stores were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROST. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 107 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Ross Stores in the fourth quarter valued at about $31,000. Putney Financial Group LLC bought a new stake in Ross Stores in the fourth quarter valued at about $44,000. Cary Street Partners Financial LLC bought a new stake in Ross Stores in the fourth quarter valued at about $48,000. Finally, Kestra Investment Management LLC bought a new stake in Ross Stores in the fourth quarter valued at about $51,000. Institutional investors own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In related news, CMO Karen Fleming sold 5,339 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.73, for a total transaction of $671,272.47. Following the completion of the transaction, the chief marketing officer now directly owns 94,063 shares of the company’s stock, valued at approximately $11,826,540.99. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael J. Hartshorn sold 7,492 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the transaction, the chief operating officer now directly owns 139,091 shares of the company’s stock, valued at $17,760,529.79. This trade represents a 5.11% 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 valued at $4,439,950. Insiders own 2.20% of the company’s stock.

Ross Stores Stock Down 1.2%

ROST stock opened at $131.85 on Friday. 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 stock has a market capitalization of $43.36 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.13 and a beta of 1.14. The business has a 50-day moving average of $141.73 and a 200-day moving average of $142.59. 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 posted its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Ross Stores’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.405 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.23%. Ross Stores’s dividend payout ratio (DPR) is presently 25.59%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $150.00 price objective on shares of Ross Stores in a report on Friday, May 23rd. Evercore ISI dropped their price objective on Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. BMO Capital Markets lowered their price target on Ross Stores from $168.00 to $156.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. UBS Group lowered their price target on Ross Stores from $168.00 to $163.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their price target on Ross Stores from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average price target of $159.53.

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.