Elo Mutual Pension Insurance Co Has $4.18 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Elo Mutual Pension Insurance Co lessened its position in Ross Stores, Inc. (NASDAQ:ROST) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,745 shares of the apparel retailer’s stock after selling 690 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ross Stores were worth $4,177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Waterloo Capital L.P. boosted its stake in shares of Ross Stores by 11.5% in the 2nd quarter. Waterloo Capital L.P. now owns 2,757 shares of the apparel retailer’s stock valued at $401,000 after purchasing an additional 285 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Ross Stores by 12.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,263 shares of the apparel retailer’s stock worth $4,614,000 after buying an additional 3,647 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Ross Stores by 10.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,183 shares of the apparel retailer’s stock worth $753,000 after buying an additional 499 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in Ross Stores during the 2nd quarter worth about $474,000. Finally, Virtu Financial LLC acquired a new position in Ross Stores during the 2nd quarter worth about $747,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Activity

In other news, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the sale, the chief operating officer now directly owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the sale, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at $48,003,532.29. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock valued at $11,093,051 in the last ninety days. 2.10% of the stock is owned by insiders.

Ross Stores Stock Performance

Shares of ROST stock opened at $150.73 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. The stock has a market cap of $50.28 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. The stock has a 50-day moving average of $147.11 and a 200-day moving average of $143.03. Ross Stores, Inc. has a one year low of $108.35 and a one year high of $163.60.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. Ross Stores’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. As a group, sell-side analysts expect that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $0.3675 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.98%. Ross Stores’s dividend payout ratio (DPR) is presently 24.79%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROST shares. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. UBS Group upped their price target on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Loop Capital upped their price target on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Telsey Advisory Group upped their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company upped their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.71.

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.