Ross Stores, Inc. (NASDAQ:ROST) insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00.

James S. Fassio also recently made the following trade(s):

  • On Friday, July 12th, James S. Fassio sold 85,238 shares of Ross Stores stock. The shares were sold at an average price of $104.85, for a total value of $8,937,204.30.

ROST traded up $2.31 during trading on Monday, hitting $107.06. 117,670 shares of the stock were exchanged, compared to its average volume of 1,895,989. The firm has a 50 day simple moving average of $105.68 and a 200 day simple moving average of $99.80. The firm has a market cap of $39.29 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.30 and a beta of 0.84. Ross Stores, Inc. has a 1 year low of $75.91 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.63 and a current ratio of 1.31.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. Ross Stores had a return on equity of 49.21% and a net margin of 10.46%. Ross Stores’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. As a group, equities analysts anticipate that Ross Stores, Inc. will post 4.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.02 annualized dividend and a yield of 0.95%. Ross Stores’s payout ratio is currently 23.94%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC purchased a new position in Ross Stores during the 2nd quarter worth $25,000. Redhawk Wealth Advisors Inc. purchased a new position in Ross Stores during the 2nd quarter worth $31,000. Litman Gregory Asset Management LLC purchased a new position in Ross Stores during the 2nd quarter worth $32,000. Thor Advisors LLC purchased a new position in Ross Stores during the 1st quarter worth $54,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of Ross Stores by 27.3% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 629 shares of the apparel retailer’s stock valued at $62,000 after acquiring an additional 135 shares during the period. Institutional investors own 89.66% of the company’s stock.

Several equities research analysts have recently issued reports on ROST shares. BidaskClub raised Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Citigroup raised their price objective on Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Bank of America set a $120.00 price objective on Ross Stores and gave the company a “buy” rating in a research note on Friday, August 23rd. DA Davidson raised their price target on Ross Stores to $105.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Wells Fargo & Co raised their price target on Ross Stores from $104.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Ross Stores presently has an average rating of “Buy” and a consensus target price of $107.61.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

Further Reading: What is the market perform rating?

Insider Buying and Selling by Quarter for Ross Stores (NASDAQ:ROST)

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