Apollon Wealth Management LLC Has $2.71 Million Stake in Ross Stores, Inc. $ROST

Apollon Wealth Management LLC boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,219 shares of the apparel retailer’s stock after purchasing an additional 2,002 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ross Stores were worth $2,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Ross Stores in the 1st quarter worth about $328,000. Aurora Private Wealth Inc. acquired a new stake in Ross Stores in the 1st quarter worth about $1,476,000. MQS Management LLC acquired a new stake in Ross Stores in the 1st quarter worth about $630,000. China Universal Asset Management Co. Ltd. raised its position in shares of Ross Stores by 50.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 8,149 shares of the apparel retailer’s stock valued at $1,041,000 after buying an additional 2,750 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Ross Stores by 59.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 7,591 shares of the apparel retailer’s stock valued at $968,000 after buying an additional 2,843 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $150.97, for a total transaction of $971,793.89. Following the sale, the insider directly owned 57,012 shares of the company’s stock, valued at $8,607,101.64. The trade was a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Karen Sykes sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total transaction of $607,040.00. Following the sale, the chief marketing officer directly owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,720 shares of company stock valued at $7,761,212. 2.20% of the stock is owned by insiders.

Ross Stores Price Performance

ROST stock opened at $147.71 on Monday. The company has a 50 day simple moving average of $148.57 and a 200 day simple moving average of $140.96. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.84 and a beta of 1.18. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $158.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data 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 business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 EPS. Research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 9th. Ross Stores’s payout ratio is presently 25.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Ross Stores from $128.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Robert W. Baird boosted their target price on shares of Ross Stores from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. UBS Group boosted their target price on shares of Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Finally, Barclays boosted their target price on shares of Ross Stores from $156.00 to $164.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.67.

About Ross Stores

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.