Investors Sell Shares of Ross Stores (ROST) on Strength (ROST)

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Traders sold shares of Ross Stores, Inc. (NASDAQ:ROST) on strength during trading hours on Tuesday. $51.82 million flowed into the stock on the tick-up and $94.26 million flowed out of the stock on the tick-down, for a money net flow of $42.44 million out of the stock. Of all equities tracked, Ross Stores had the 0th highest net out-flow for the day. Ross Stores traded up $1.91 for the day and closed at $97.69

ROST has been the subject of a number of analyst reports. Loop Capital lifted their price objective on Ross Stores to $88.00 and gave the stock a “buy” rating in a research note on Thursday, May 24th. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Ross Stores in a research note on Thursday, May 24th. Deutsche Bank set a $91.00 price objective on Ross Stores and gave the stock a “buy” rating in a research note on Friday, May 25th. Deutsche Bank decreased their price objective on Ross Stores from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, May 25th. Finally, ValuEngine raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $93.83.

The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.10. The company has a market cap of $36.07 billion, a PE ratio of 29.26, a PEG ratio of 2.33 and a beta of 1.11.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. equities research analysts anticipate that Ross Stores, Inc. will post 4.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.90 dividend on an annualized basis and a yield of 0.93%. Ross Stores’s payout ratio is 26.95%.

In other news, insider James S. Fassio sold 175,769 shares of the business’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $86.57, for a total value of $15,216,322.33. Following the sale, the insider now directly owns 82,899 shares in the company, valued at $7,176,566.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Norman A. Ferber sold 10,144 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the completion of the sale, the director now owns 25,127 shares in the company, valued at $2,384,552.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,413 shares of company stock valued at $18,443,833. Insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Lucia Wealth Services LLC bought a new stake in shares of Ross Stores in the first quarter valued at about $112,000. Well Done LLC bought a new stake in shares of Ross Stores in the first quarter valued at about $113,000. NuWave Investment Management LLC lifted its holdings in shares of Ross Stores by 168.7% in the second quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 1,068 shares in the last quarter. Ballew Advisors Inc bought a new stake in shares of Ross Stores in the first quarter valued at about $134,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Ross Stores by 81.5% in the second quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock valued at $158,000 after purchasing an additional 842 shares in the last quarter. Institutional investors own 87.46% of the company’s stock.

Ross Stores Company Profile (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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