Segall Bryant & Hamill LLC increased its position in Ross Stores, Inc. (NASDAQ:ROST) by 8.1% during the first quarter, Holdings Channel reports. The firm owned 14,786 shares of the apparel retailer’s stock after buying an additional 1,107 shares during the period. Segall Bryant & Hamill LLC’s holdings in Ross Stores were worth $974,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Alpha Windward LLC boosted its position in Ross Stores by 0.8% in the first quarter. Alpha Windward LLC now owns 2,974 shares of the apparel retailer’s stock worth $196,000 after buying an additional 23 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Ross Stores by 0.8% in the first quarter. Cullen Frost Bankers Inc. now owns 5,141 shares of the apparel retailer’s stock worth $339,000 after buying an additional 41 shares in the last quarter. Roundview Capital LLC boosted its position in Ross Stores by 0.5% in the fourth quarter. Roundview Capital LLC now owns 15,670 shares of the apparel retailer’s stock worth $1,028,000 after buying an additional 82 shares in the last quarter. Stephens Inc. AR boosted its position in Ross Stores by 0.9% in the first quarter. Stephens Inc. AR now owns 10,916 shares of the apparel retailer’s stock worth $719,000 after buying an additional 97 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in Ross Stores by 1.5% in the first quarter. Wedbush Securities Inc. now owns 8,132 shares of the apparel retailer’s stock worth $536,000 after buying an additional 123 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.
Shares of Ross Stores, Inc. (NASDAQ ROST) traded up 0.62% during trading on Wednesday, hitting $58.08. The stock had a trading volume of 1,945,264 shares. The stock has a 50-day moving average of $62.72 and a 200 day moving average of $65.46. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of 19.90 and a beta of 1.07. Ross Stores, Inc. has a 12-month low of $52.75 and a 12-month high of $69.81.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Ross Stores’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that Ross Stores, Inc. will post $3.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, June 2nd. Ross Stores’s payout ratio is currently 21.92%.
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ROST has been the subject of a number of research analyst reports. Instinet increased their price target on Ross Stores from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Jefferies Group LLC increased their price target on Ross Stores from $59.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, March 1st. BMO Capital Markets reiterated a “hold” rating and set a $72.00 price target on shares of Ross Stores in a report on Tuesday, April 18th. Royal Bank Of Canada set a $70.00 price target on Ross Stores and gave the stock a “hold” rating in a report on Monday, April 3rd. Finally, Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $69.82.
In other Ross Stores news, insider Bernard G. Brautigan sold 28,434 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $66.28, for a total transaction of $1,884,605.52. Following the sale, the insider now owns 181,608 shares in the company, valued at $12,036,978.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian R. Morrow sold 3,004 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $63.16, for a total value of $189,732.64. Following the sale, the insider now owns 121,712 shares in the company, valued at approximately $7,687,329.92. The disclosure for this sale can be found here. Insiders have sold 63,756 shares of company stock worth $4,170,902 in the last 90 days. 2.30% of the stock is currently owned by insiders.
Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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