Ross Stores Inc. (NASDAQ:ROST) CEO Barbara Rentler sold 20,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $62.54, for a total transaction of $1,250,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ross Stores Inc. (NASDAQ:ROST) opened at 64.26 on Monday. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 24.46 and a beta of 0.84. Ross Stores Inc. has a 52-week low of $43.47 and a 52-week high of $66.28. The firm’s 50-day moving average is $62.63 and its 200-day moving average is $58.25.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.13 billion. Ross Stores had a net margin of 8.55% and a return on equity of 42.01%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. Analysts predict that Ross Stores Inc. will post $2.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.135 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.54 dividend on an annualized basis and a yield of 0.84%. Ross Stores’s dividend payout ratio (DPR) is presently 20.53%.
Several brokerages have recently weighed in on ROST. Royal Bank Of Canada increased their target price on shares of Ross Stores from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, August 19th. JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $51.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Wedbush increased their target price on shares of Ross Stores from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, August 19th. Cowen and Company increased their target price on shares of Ross Stores from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 13th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Ross Stores in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $65.09.
A number of hedge funds have recently modified their holdings of ROST. FMR LLC raised its stake in shares of Ross Stores by 5.4% in the second quarter. FMR LLC now owns 36,204,880 shares of the apparel retailer’s stock worth $2,052,454,000 after buying an additional 1,852,111 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ross Stores by 32.9% in the first quarter. JPMorgan Chase & Co. now owns 6,358,644 shares of the apparel retailer’s stock worth $368,167,000 after buying an additional 1,575,465 shares during the period. Forsta AP Fonden acquired a new stake in shares of Ross Stores during the second quarter worth about $68,290,000. American Century Companies Inc. raised its stake in shares of Ross Stores by 62.4% in the second quarter. American Century Companies Inc. now owns 3,108,460 shares of the apparel retailer’s stock worth $176,219,000 after buying an additional 1,193,928 shares during the period. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Ross Stores during the second quarter worth about $65,817,000. Institutional investors own 89.55% of the company’s stock.
About Ross Stores
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.
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