Ross Stores, Inc. (NASDAQ:ROST) CEO Barbara Rentler Sells 25,000 Shares

Ross Stores, Inc. (NASDAQ:ROST) CEO Barbara Rentler sold 25,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $107.06, for a total value of $2,676,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Barbara Rentler also recently made the following trade(s):

  • On Thursday, June 13th, Barbara Rentler sold 40,000 shares of Ross Stores stock. The shares were sold at an average price of $99.16, for a total transaction of $3,966,400.00.

Shares of NASDAQ:ROST traded down $0.18 during trading on Friday, reaching $109.18. The company’s stock had a trading volume of 1,167,417 shares, compared to its average volume of 2,074,126. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.85. Ross Stores, Inc. has a 12 month low of $75.91 and a 12 month high of $110.67. The firm’s 50 day simple moving average is $105.13 and its two-hundred day simple moving average is $98.88. The stock has a market capitalization of $39.88 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.84.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts anticipate that Ross Stores, Inc. will post 4.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, September 11th. Ross Stores’s payout ratio is 23.94%.

Several research analysts have commented on the stock. DA Davidson increased their price objective on shares of Ross Stores to $105.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Cowen set a $116.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Friday, August 23rd. Loop Capital raised shares of Ross Stores to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, August 16th. ValuEngine downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup increased their price objective on shares of Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.61.

Several large investors have recently made changes to their positions in the stock. Comerica Securities Inc. boosted its stake in Ross Stores by 20.4% in the 4th quarter. Comerica Securities Inc. now owns 4,218 shares of the apparel retailer’s stock valued at $351,000 after purchasing an additional 716 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ross Stores by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,230,341 shares of the apparel retailer’s stock valued at $102,356,000 after purchasing an additional 44,439 shares during the period. Geode Capital Management LLC boosted its stake in Ross Stores by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 6,088,490 shares of the apparel retailer’s stock valued at $505,856,000 after purchasing an additional 456,445 shares during the period. Janney Montgomery Scott LLC boosted its stake in Ross Stores by 4.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,038 shares of the apparel retailer’s stock valued at $3,076,000 after purchasing an additional 1,440 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Ross Stores by 5.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,994 shares of the apparel retailer’s stock valued at $278,000 after purchasing an additional 158 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

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

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