Ross Stores Sees Unusually High Options Volume (NASDAQ:ROST)

Ross Stores, Inc. (NASDAQ:ROST) was the recipient of unusually large options trading on Thursday. Stock investors acquired 3,188 put options on the stock. This is an increase of 1,121% compared to the average volume of 261 put options.

NASDAQ:ROST opened at $111.79 on Friday. The business’s 50-day moving average price is $111.17 and its 200 day moving average price is $104.63. The firm has a market cap of $40.67 billion, a P/E ratio of 26.24, a PEG ratio of 2.38 and a beta of 0.83. Ross Stores has a 52-week low of $75.91 and a 52-week high of $114.82. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. Ross Stores had a return on equity of 49.21% and a net margin of 10.46%. Ross Stores’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Sell-side analysts expect that Ross Stores will post 4.5 EPS for the current year.

ROST has been the topic of a number of research analyst reports. Citigroup raised their price target on Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Credit Suisse Group raised their price target on Ross Stores from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Co reissued a “buy” rating and set a $125.00 price target (up from $116.00) on shares of Ross Stores in a report on Friday. They noted that the move was a valuation call. Morgan Stanley raised their price target on Ross Stores from $94.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, BidaskClub raised Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $113.47.

In other news, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $107.06, for a total transaction of $2,676,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00. Insiders sold 65,000 shares of company stock worth $7,056,650 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new position in shares of Ross Stores in the 3rd quarter valued at $224,000. First Allied Advisory Services Inc. boosted its position in shares of Ross Stores by 63.1% in the 3rd quarter. First Allied Advisory Services Inc. now owns 5,463 shares of the apparel retailer’s stock valued at $598,000 after purchasing an additional 2,114 shares during the period. Insight Wealth Strategies LLC boosted its position in shares of Ross Stores by 14.0% in the 3rd quarter. Insight Wealth Strategies LLC now owns 16,441 shares of the apparel retailer’s stock valued at $1,806,000 after purchasing an additional 2,023 shares during the period. Corient Capital Partners LLC boosted its position in shares of Ross Stores by 44.6% in the 3rd quarter. Corient Capital Partners LLC now owns 3,297 shares of the apparel retailer’s stock valued at $362,000 after purchasing an additional 1,017 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Ross Stores by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 19,843 shares of the apparel retailer’s stock valued at $2,180,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.

Featured Story: Real Estate Investment Trust (REIT) ETF

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.