Apollon Wealth Management LLC Has $2.63 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Apollon Wealth Management LLC increased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,479 shares of the apparel retailer’s stock after acquiring an additional 906 shares during the period. Apollon Wealth Management LLC’s holdings in Ross Stores were worth $2,631,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ROST. University of Texas Texas AM Investment Management Co. bought a new stake in Ross Stores during the second quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its stake in Ross Stores by 262.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Industrial Alliance Investment Management Inc. bought a new position in Ross Stores in the 2nd quarter worth approximately $32,000. Armstrong Advisory Group Inc. bought a new position in Ross Stores in the 3rd quarter worth approximately $33,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ross Stores by 97.8% during the second quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock worth $40,000 after buying an additional 136 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ROST shares. Morgan Stanley boosted their target price on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Loop Capital increased their target price on shares of Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price target on Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $170.63.

Insider Buying and Selling

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were 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 owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction 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 owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,138 shares of company stock worth $11,093,051 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

NASDAQ ROST opened at $140.46 on Thursday. Ross Stores, Inc. has a 1-year low of $119.73 and a 1-year high of $163.60. The company has a 50 day moving average of $146.82 and a 200-day moving average of $144.08. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.31 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period last year, the firm posted $1.32 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Ross Stores, Inc. will post 6.12 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.05%. Ross Stores’s dividend payout ratio is 23.71%.

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.