Ross Stores, Inc. (ROST) Insider Brian R. Morrow Sells 6,157 Shares of Stock
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.
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