Segall Bryant & Hamill LLC Takes $15.90 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Segall Bryant & Hamill LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 105,621 shares of the apparel retailer's stock, valued at approximately $15,897,000.

A number of other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Ross Stores by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,440,272 shares of the apparel retailer's stock valued at $517,795,000 after purchasing an additional 129,908 shares during the last quarter. Legal & General Group Plc lifted its holdings in Ross Stores by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer's stock worth $397,747,000 after buying an additional 254,720 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ross Stores by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer's stock valued at $359,991,000 after buying an additional 331,996 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Ross Stores by 68.8% in the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer's stock worth $347,585,000 after acquiring an additional 975,190 shares in the last quarter. Finally, Boston Partners increased its position in shares of Ross Stores by 3.3% during the first quarter. Boston Partners now owns 2,131,529 shares of the apparel retailer's stock worth $312,756,000 after acquiring an additional 69,085 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Ross Stores from $175.00 to $165.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. TD Cowen decreased their price objective on Ross Stores from $185.00 to $177.00 and set a "buy" rating for the company in a research note on Tuesday. Loop Capital upped their target price on shares of Ross Stores from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Bank of America lifted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, Barclays increased their price objective on shares of Ross Stores from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. Five investment 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, the company currently has an average rating of "Moderate Buy" and an average target price of $169.50.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the transaction, the chief operating officer now owns 103,049 shares of the company's stock, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 48,885 shares of the company'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 13.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by company insiders.

Ross Stores Trading Up 0.0 %

Shares of Ross Stores stock opened at $139.32 on Thursday. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The company has a market capitalization of $46.22 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.34 and a beta of 1.09. The business has a 50 day moving average price of $145.52 and a 200 day moving average price of $144.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The firm had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same period in the previous year, the company earned $1.32 EPS. Ross Stores's revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.11 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.06%. Ross Stores's payout ratio is currently 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.