Ross Stores Inc. (NASDAQ:ROST) CEO Barbara Rentler sold 12,840 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $63.76, for a total value of $818,678.40. Following the sale, the chief executive officer now owns 542,851 shares of the company’s stock, valued at $34,612,179.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Barbara Rentler also recently made the following trade(s):
- On Monday, September 19th, Barbara Rentler sold 20,000 shares of Ross Stores stock. The stock was sold at an average price of $62.54, for a total value of $1,250,800.00.
Ross Stores Inc. (NASDAQ:ROST) opened at 63.76 on Tuesday. Ross Stores Inc. has a 12 month low of $43.47 and a 12 month high of $66.28. The stock’s 50 day moving average price is $62.68 and its 200 day moving average price is $58.32. The firm has a market capitalization of $25.29 billion, a PE ratio of 24.27 and a beta of 0.84.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Ross Stores had a return on equity of 42.01% and a net margin of 8.55%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that Ross Stores Inc. will post $2.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Wednesday, August 31st. Ross Stores’s payout ratio is 20.53%.
Several equities research analysts have recently weighed in on ROST shares. Vetr downgraded Ross Stores from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Monday, August 15th. Jefferies Group reaffirmed a “hold” rating and issued a $57.00 target price (up previously from $51.00) on shares of Ross Stores in a research report on Friday, August 19th. Buckingham Research raised Ross Stores from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Bank of America Corp. set a $70.00 target price on Ross Stores and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Miller Tabak started coverage on Ross Stores in a research report on Friday, June 24th. They issued a “buy” rating and a $66.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $65.09.
A number of large investors have recently added to or reduced their stakes in ROST. Vanguard Group Inc. increased its stake in Ross Stores by 1.2% in the second quarter. Vanguard Group Inc. now owns 38,030,533 shares of the apparel retailer’s stock worth $2,155,952,000 after buying an additional 464,766 shares during the last quarter. FMR LLC increased its stake in 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 last quarter. Primecap Management Co. CA increased its stake in Ross Stores by 1.7% in the second quarter. Primecap Management Co. CA now owns 15,296,500 shares of the apparel retailer’s stock worth $867,159,000 after buying an additional 259,700 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Ross Stores by 4.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,995,554 shares of the apparel retailer’s stock worth $636,643,000 after buying an additional 517,305 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Ross Stores by 3.0% in the second quarter. BlackRock Fund Advisors now owns 6,919,485 shares of the apparel retailer’s stock worth $392,266,000 after buying an additional 199,563 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors.
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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