Ross Stores, Inc. (NASDAQ:ROST) insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ross Stores, Inc. (NASDAQ:ROST) traded up 0.70% on Friday, hitting $65.99. The stock had a trading volume of 2,385,409 shares. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81. The firm has a market cap of $25.45 billion, a PE ratio of 21.79 and a beta of 1.14. The company’s 50 day moving average is $61.05 and its 200 day moving average is $60.55.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

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Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Ross Stores by 1,908.5% during the first quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer’s stock valued at $1,742,545,000 after buying an additional 25,137,186 shares in the last quarter. Flossbach Von Storch AG raised its stake in Ross Stores by 7,335.3% during the second quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock valued at $288,666,000 after buying an additional 4,933,020 shares in the last quarter. Janus Henderson Group PLC raised its stake in Ross Stores by 3,501.6% during the second quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock valued at $112,149,000 after buying an additional 1,888,715 shares in the last quarter. Alliancebernstein L.P. raised its stake in Ross Stores by 68.4% during the second quarter. Alliancebernstein L.P. now owns 4,604,774 shares of the apparel retailer’s stock valued at $265,834,000 after buying an additional 1,870,314 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Ross Stores by 393.0% during the second quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock valued at $90,817,000 after buying an additional 1,254,028 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Thursday, September 14th. J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $74.00 in a research note on Monday, September 25th. Bank of America Corporation reissued a “buy” rating and set a $80.00 target price on shares of Ross Stores in a research note on Monday, September 25th. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 target price on shares of Ross Stores in a research note on Monday, September 18th. Finally, BidaskClub lowered Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.17.

About Ross Stores

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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