Segall Bryant & Hamill LLC reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,541 shares of the apparel retailer's stock after selling 2,080 shares during the period. Segall Bryant & Hamill LLC's holdings in Ross Stores were worth $15,663,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Peapack Gladstone Financial Corp boosted its position in Ross Stores by 1.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer's stock worth $588,000 after purchasing an additional 70 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer's stock valued at $71,000 after purchasing an additional 76 shares during the period. Alhambra Investment Management LLC lifted its stake in shares of Ross Stores by 5.2% in the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer's stock valued at $234,000 after purchasing an additional 76 shares during the period. Key Financial Inc boosted its holdings in Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer's stock worth $100,000 after buying an additional 77 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in Ross Stores by 2.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the apparel retailer's stock valued at $470,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 86.86% of the company's stock.
Insider Buying and Selling at Ross Stores
In other news, CMO Karen Fleming sold 5,339 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.73, for a total transaction of $671,272.47. Following the transaction, the chief marketing officer now owns 94,063 shares of the company's stock, valued at approximately $11,826,540.99. The trade was a 5.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 7,492 shares of Ross Stores stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $127.69, for a total transaction of $956,653.48. Following the transaction, the chief operating officer now directly owns 139,091 shares in the company, valued at $17,760,529.79. This trade represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on ROST shares. Wells Fargo & Company reiterated a "negative" rating on shares of Ross Stores in a research report on Wednesday, March 5th. Barclays set a $150.00 price target on Ross Stores in a report on Wednesday, March 5th. Morgan Stanley dropped their price objective on Ross Stores from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Evercore ISI cut their price objective on Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, Robert W. Baird decreased their target price on Ross Stores from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and an average target price of $161.40.
Check Out Our Latest Research Report on ROST
Ross Stores Price Performance
Shares of NASDAQ:ROST traded down $3.67 during midday trading on Friday, hitting $125.42. The company's stock had a trading volume of 2,273,611 shares, compared to its average volume of 2,560,499. The company has a market cap of $41.38 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The business's 50 day simple moving average is $137.81 and its 200 day simple moving average is $144.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. On average, analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.
Ross Stores Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.405 dividend. This is a boost from Ross Stores's previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, March 18th. Ross Stores's dividend payout ratio is presently 25.63%.
Ross Stores Profile
(
Free Report)
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.
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