Segall Bryant & Hamill LLC Decreases Position in Ross Stores, Inc. (NASDAQ:ROST)

Segall Bryant & Hamill LLC lowered its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,273 shares of the apparel retailer’s stock after selling 1,074 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Ross Stores were worth $772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROST. Bollard Group LLC bought a new stake in shares of Ross Stores in the 4th quarter worth $25,000. Athena Capital Advisors LLC bought a new position in shares of Ross Stores during the 4th quarter worth $29,000. Moody National Bank Trust Division bought a new position in shares of Ross Stores during the 4th quarter worth $30,000. Berman Capital Advisors LLC bought a new position in shares of Ross Stores during the 4th quarter worth $32,000. Finally, Legacy Financial Advisors Inc. grew its position in shares of Ross Stores by 114.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock worth $34,000 after buying an additional 220 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

ROST has been the topic of a number of research analyst reports. BidaskClub raised Ross Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Credit Suisse Group upped their price objective on Ross Stores from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Wells Fargo & Co upped their price objective on Ross Stores from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Loop Capital increased their target price on Ross Stores to $105.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $97.42.

Shares of ROST traded up $0.08 on Friday, reaching $100.00. The stock had a trading volume of 2,393,653 shares, compared to its average volume of 1,880,464. The stock has a market cap of $36.74 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 0.82. Ross Stores, Inc. has a twelve month low of $75.91 and a twelve month high of $104.35.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 5th. The apparel retailer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Ross Stores had a return on equity of 49.58% and a net margin of 10.60%. Research analysts expect that Ross Stores, Inc. will post 4.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Ross Stores’s previous quarterly dividend of $0.23. Ross Stores’s dividend payout ratio is 23.94%.

Ross Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 5th that authorizes the company to buyback $2.55 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other Ross Stores news, insider Bernard G. Brautigan sold 19,384 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $93.56, for a total transaction of $1,813,567.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael Balmuth sold 25,689 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $90.77, for a total value of $2,331,790.53. Following the sale, the chairman now owns 51,998 shares in the company, valued at approximately $4,719,858.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,054 shares of company stock worth $12,504,328. 2.40% of the stock is owned by insiders.

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About Ross Stores

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

See Also: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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