OneDigital Investment Advisors LLC Sells 13,649 Shares of Ross Stores, Inc. (NASDAQ:ROST)

OneDigital Investment Advisors LLC trimmed its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,314 shares of the apparel retailer's stock after selling 13,649 shares during the period. OneDigital Investment Advisors LLC's holdings in Ross Stores were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Ross Stores by 152.9% in the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after buying an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in Ross Stores in the fourth quarter valued at $31,000. ORG Partners LLC raised its position in Ross Stores by 434.1% during the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 191 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Ross Stores during the fourth quarter worth about $51,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Ross Stores in the 4th quarter worth about $57,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ross Stores

In other Ross Stores 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 transaction of $956,653.48. Following the completion of the sale, the chief operating officer now directly owns 139,091 shares in the company, valued at $17,760,529.79. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owns 94,063 shares in the company, valued at $11,826,540.99. This trade represents a 5.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,398 shares of company stock worth $4,439,950. Insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

ROST has been the subject of several research reports. BMO Capital Markets cut their target price on Ross Stores from $168.00 to $156.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company raised shares of Ross Stores from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $140.00 to $150.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Ross Stores from $166.00 to $161.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group reduced their price objective on Ross Stores from $175.00 to $150.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 5th. Finally, UBS Group lowered their target price on Ross Stores from $168.00 to $163.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.87.

Ross Stores Stock Down 1.8 %

Ross Stores stock traded down $2.56 on Wednesday, hitting $138.22. 1,782,539 shares of the stock traded hands, compared to its average volume of 2,659,366. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The firm has a market cap of $45.45 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The business's fifty day simple moving average is $133.40 and its 200 day simple moving average is $142.64. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Ross Stores's previous quarterly dividend of $0.37. Ross Stores's payout ratio is 25.63%.

Ross Stores 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.