Ross Stores Inc. (NASDAQ:ROST) insider James S. Fassio sold 12,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Ross Stores Inc. (NASDAQ:ROST) opened at 63.43 on Thursday. The firm has a 50-day moving average of $62.84 and a 200 day moving average of $58.40. Ross Stores Inc. has a 52 week low of $43.47 and a 52 week high of $66.28. The firm has a market capitalization of $25.16 billion, a P/E ratio of 24.15 and a beta of 0.84.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate 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 was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. On average, equities research analysts expect that Ross Stores Inc. will post $2.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 31st. Ross Stores’s dividend payout ratio (DPR) is 20.53%.
Several research analysts have commented on ROST shares. Deutsche Bank AG reissued a “buy” rating on shares of Ross Stores in a report on Tuesday, June 14th. Miller Tabak started coverage on shares of Ross Stores in a report on Friday, June 24th. They set a “buy” rating and a $66.00 price objective for the company. Vetr downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating and set a $60.50 price objective for the company. in a report on Monday, June 27th. Cowen and Company increased their price objective on shares of Ross Stores from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, July 13th. Finally, Jefferies Group restated a “hold” rating on shares of Ross Stores in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. Ross Stores currently has an average rating of “Hold” and a consensus target price of $65.09.
Large investors have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC increased its stake in Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock worth $109,000 after buying an additional 435 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in Ross Stores during the first quarter worth about $140,000. Carroll Financial Associates Inc. increased its stake in Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock worth $147,000 after buying an additional 17 shares during the period. Independent Portfolio Consultants Inc. bought a new stake in Ross Stores during the second quarter worth about $151,000. Finally, Citizens Financial Group Inc RI increased its stake in Ross Stores by 51.6% in the first quarter. Citizens Financial Group Inc RI now owns 2,737 shares of the apparel retailer’s stock worth $159,000 after buying an additional 931 shares during the period. 90.21% of the stock is currently owned by institutional investors and hedge funds.
Ross Stores Company Profile
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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