Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) insider Stephen Brinkley sold 6,424 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $229.66, for a total value of $1,475,335.84. Following the completion of the transaction, the insider directly owned 51,665 shares in the company, valued at $11,865,383.90. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ross Stores Stock Performance
ROST traded down $3.78 during trading on Tuesday, hitting $226.26. The stock had a trading volume of 1,776,163 shares, compared to its average volume of 2,700,784. The firm has a market cap of $72.28 billion, a PE ratio of 27.39, a P/E/G ratio of 1.94 and a beta of 0.85. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $236.51 and a 200-day simple moving average of $226.10.
Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. Analysts expect that Ross Stores, Inc. will post 8.15 EPS for the current year.
Ross Stores Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on ROST shares. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Telsey Advisory Group lifted their price objective on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Sanford C. Bernstein boosted their price objective on Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a report on Friday, August 21st. Wells Fargo & Company boosted their price objective on Ross Stores from $245.00 to $248.00 and gave the stock an “equal weight” rating in a report on Friday, August 21st. Finally, Jefferies Financial Group upped their target price on shares of Ross Stores from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $263.76.
View Our Latest Stock Report on Ross Stores
Hedge Funds Weigh In On Ross Stores
Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Ross Stores by 12.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,361 shares of the apparel retailer’s stock valued at $3,482,000 after buying an additional 1,758 shares during the last quarter. Tidal Investments LLC increased its holdings in Ross Stores by 14.2% during the second quarter. Tidal Investments LLC now owns 69,580 shares of the apparel retailer’s stock worth $14,810,000 after buying an additional 8,673 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Ross Stores by 2.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,447 shares of the apparel retailer’s stock worth $734,000 after acquiring an additional 95 shares in the last quarter. NorthRock Partners LLC raised its position in Ross Stores by 10.2% during the second quarter. NorthRock Partners LLC now owns 2,663 shares of the apparel retailer’s stock worth $567,000 after acquiring an additional 247 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in Ross Stores by 3.8% in the second quarter. RFG Advisory LLC now owns 1,430 shares of the apparel retailer’s stock valued at $304,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
About Ross Stores
Ross Stores, Inc (NASDAQ: ROST) is an off-price retailer that operates Ross Dress for Less and dd’s DISCOUNTS stores. The company sells a broad selection of apparel, accessories, footwear and home fashion merchandise for women, men and children, generally at prices below those of traditional department and specialty stores.
Ross Stores follows an opportunistic buying model, purchasing name-brand, designer and other merchandise from manufacturers and retailers at discounted prices. Its product assortment changes frequently and can include clothing, shoes, handbags, jewelry, beauty products, furniture, bedding, home décor and other household goods.
Founded in 1950, the company is headquartered in Dublin, California, and serves customers primarily through its store network across the United States and Guam.
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