Ross Stores, Inc. (NASDAQ:ROST) insider Brian R. Morrow sold 18,282 shares of Ross Stores stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $78.50, for a total value of $1,435,137.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Ross Stores stock traded down $2.35 on Thursday, reaching $75.06. The company’s stock had a trading volume of 1,668,188 shares, compared to its average volume of 2,680,432. The firm has a market cap of $29,543.71, a P/E ratio of 21.23, a PEG ratio of 1.92 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $85.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 0.78.

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Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 6th. The apparel retailer reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.95 billion. Ross Stores had a return on equity of 44.53% and a net margin of 9.64%. equities research analysts forecast that Ross Stores, Inc. will post 4.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, March 16th. This is an increase from Ross Stores’s previous quarterly dividend of $0.16. This represents a $0.90 annualized dividend and a yield of 1.20%. Ross Stores’s payout ratio is presently 25.35%.

Ross Stores declared that its Board of Directors has approved a stock buyback program on Tuesday, March 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several equities analysts have recently issued reports on ROST shares. BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Wells Fargo reiterated a “buy” rating and issued a $86.00 price target (down previously from $91.00) on shares of Ross Stores in a research note on Wednesday, March 7th. Cowen set a $85.00 price target on Ross Stores and gave the company a “buy” rating in a research note on Tuesday, March 6th. Finally, Deutsche Bank set a $92.00 price target on Ross Stores and gave the company a “buy” rating in a research note on Wednesday, March 7th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.86.

A number of institutional investors and hedge funds have recently made changes to their positions in ROST. Cerebellum GP LLC acquired a new position in Ross Stores during the 4th quarter worth about $132,000. Zions Bancorporation lifted its holdings in Ross Stores by 338.9% during the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after buying an additional 1,637 shares during the period. Sit Investment Associates Inc. lifted its holdings in Ross Stores by 255.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after buying an additional 1,365 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Ross Stores during the 4th quarter worth about $159,000. Finally, Financial Gravity Companies Inc. acquired a new position in Ross Stores during the 4th quarter worth about $164,000. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Ross Stores (NASDAQ:ROST)

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