Traders Sell Ross Stores (ROST) on Strength (ROST)

Investors sold shares of Ross Stores, Inc. (NASDAQ:ROST) on strength during trading hours on Thursday. $33.24 million flowed into the stock on the tick-up and $67.18 million flowed out of the stock on the tick-down, for a money net flow of $33.94 million out of the stock. Of all companies tracked, Ross Stores had the 0th highest net out-flow for the day. Ross Stores traded up $0.58 for the day and closed at $103.33

ROST has been the subject of several research analyst reports. Deutsche Bank increased their target price on shares of Ross Stores from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 2nd. DA Davidson initiated coverage on shares of Ross Stores in a research note on Tuesday, September 25th. They set a “neutral” rating and a $96.00 target price for the company. Goldman Sachs Group started coverage on shares of Ross Stores in a research note on Monday, September 3rd. They set a “neutral” rating and a $104.00 target price for the company. Finally, Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $96.04.

The firm has a market cap of $38.36 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. As a group, research analysts predict that Ross Stores, Inc. will post 4.12 earnings per share for the current fiscal year.

In related news, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $95.15, for a total value of $1,903,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $94.90, for a total transaction of $962,665.60. Following the completion of the sale, the director now directly owns 25,127 shares in the company, valued at approximately $2,384,552.30. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ROST. DekaBank Deutsche Girozentrale raised its holdings in Ross Stores by 3.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 346,019 shares of the apparel retailer’s stock worth $33,017,000 after purchasing an additional 11,335 shares in the last quarter. Sustainable Insight Capital Management LLC acquired a new stake in Ross Stores during the third quarter worth approximately $233,000. Bank of Hawaii raised its holdings in Ross Stores by 21.0% during the third quarter. Bank of Hawaii now owns 7,605 shares of the apparel retailer’s stock worth $754,000 after purchasing an additional 1,318 shares in the last quarter. CIBC World Markets Inc. raised its holdings in Ross Stores by 2.2% during the third quarter. CIBC World Markets Inc. now owns 28,430 shares of the apparel retailer’s stock worth $2,817,000 after purchasing an additional 617 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Ross Stores by 45.9% during the third quarter. Rafferty Asset Management LLC now owns 31,754 shares of the apparel retailer’s stock worth $3,147,000 after purchasing an additional 9,996 shares in the last quarter. 88.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Ross Stores (NASDAQ:ROST)

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 in the United States. It 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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