Segall Bryant & Hamill LLC Sells 4,434 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Segall Bryant & Hamill LLC decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,107 shares of the apparel retailer's stock after selling 4,434 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Ross Stores were worth $12,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC raised its holdings in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after acquiring an additional 73 shares during the period. Forum Financial Management LP grew its position in shares of Ross Stores by 5.3% during the 4th quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer's stock valued at $223,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Ross Stores by 6.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer's stock valued at $164,000 after purchasing an additional 74 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Ross Stores by 1.0% during the 1st quarter. Principal Securities Inc. now owns 7,744 shares of the apparel retailer's stock valued at $990,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 86.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Ross Stores from a "hold" rating to a "buy" rating and boosted their price target for the company from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Loop Capital reduced their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays cut their target price on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Evercore ISI cut their target price on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Ross Stores presently has a consensus rating of "Moderate Buy" and an average target price of $158.94.

Ross Stores Trading Down 0.4%

Ross Stores stock traded down $0.54 during mid-day trading on Friday, hitting $129.94. The company's stock had a trading volume of 2,714,108 shares, compared to its average volume of 2,821,029. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The stock has a market cap of $42.50 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The business has a 50 day moving average price of $137.02 and a 200-day moving average price of $138.72. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio (DPR) is 25.59%.

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.