Ross Stores, Inc. (NASDAQ:ROST) Director George Orban sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $102.50, for a total transaction of $102,500.00. Following the sale, the director now owns 543,939 shares of the company’s stock, valued at $55,753,747.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:ROST opened at $106.02 on Friday. Ross Stores, Inc. has a 12-month low of $75.91 and a 12-month high of $106.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.34 and a quick ratio of 0.64. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.19 and a beta of 0.90. The business has a 50-day simple moving average of $98.93.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Ross Stores, Inc. will post 4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, June 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.94%.
Large investors have recently bought and sold shares of the stock. CI Investments Inc. acquired a new position in Ross Stores in the fourth quarter worth about $26,000. First Manhattan Co. acquired a new position in Ross Stores in the first quarter worth about $27,000. Berman Capital Advisors LLC acquired a new position in Ross Stores in the fourth quarter worth about $32,000. Omnia Family Wealth LLC raised its position in Ross Stores by 1,387.5% in the fourth quarter. Omnia Family Wealth LLC now owns 476 shares of the apparel retailer’s stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Finally, Thor Advisors LLC acquired a new position in Ross Stores in the first quarter worth about $54,000. 89.62% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on ROST. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Foot Locker in a research report on Friday, May 24th. Goldman Sachs Group raised shares of to a “neutral” rating and cut their price objective for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Robert W. Baird assumed coverage on shares of TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus target price of $98.64.
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.
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