Captrust Financial Advisors Sells 400 Shares of Ross Stores, Inc. (ROST)

Captrust Financial Advisors lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 14.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,370 shares of the apparel retailer’s stock after selling 400 shares during the period. Captrust Financial Advisors’ holdings in Ross Stores were worth $197,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ROST. Bollard Group LLC purchased a new stake in Ross Stores in the fourth quarter worth $25,000. Athena Capital Advisors LLC purchased a new stake in Ross Stores in the fourth quarter worth $29,000. Moody National Bank Trust Division purchased a new stake in Ross Stores in the fourth quarter worth $30,000. Berman Capital Advisors LLC purchased a new stake in Ross Stores in the fourth quarter worth $32,000. Finally, Legacy Financial Advisors Inc. increased its stake in Ross Stores by 114.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 220 shares during the period. Institutional investors own 89.44% of the company’s stock.

In related news, Chairman Michael Balmuth sold 25,689 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $90.77, for a total transaction of $2,331,790.53. Following the sale, the chairman now owns 51,998 shares of the company’s stock, valued at $4,719,858.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

A number of analysts have weighed in on ROST shares. ValuEngine upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Morgan Stanley cut their price target on Ross Stores from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 23rd. BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. DA Davidson raised their price target on Ross Stores to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Finally, Guggenheim restated a “buy” rating and set a $105.00 price target on shares of Ross Stores in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $97.42.

Shares of ROST stock opened at $89.90 on Friday. Ross Stores, Inc. has a 1-year low of $74.53 and a 1-year high of $104.35. The stock has a market cap of $33.78 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 1.69.

Ross Stores announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 5th that authorizes the company to buyback $2.55 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to buy up to 7.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.02 dividend on an annualized basis and a yield of 1.13%. This is an increase from Ross Stores’s previous quarterly dividend of $0.23. Ross Stores’s dividend payout ratio (DPR) is presently 21.13%.

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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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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