Insider Selling: James Fassio Sells 10,000 Shares of Ross Stores Stock (ROST)
Ross Stores (NASDAQ:ROST) Insider James Fassio sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.00, for a total value of $700,000.00. Following the completion of the sale, the insider now directly owns 254,541 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ROST. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ross Stores (NASDAQ:ROST) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $83.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Ross Stores (NASDAQ:ROST) from $69.00 to $73.00 in a research note to investors on Monday, August 26th. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Ross Stores (NASDAQ:ROST) from $67.00 to $72.00 in a research note to investors on Friday, August 23rd. They now have a “neutral” rating on the stock.
Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Ross Stores has a consensus rating of “Buy” and a consensus target price of $72.05.
Shares of Ross Stores (NASDAQ:ROST) traded down 0.31% during mid-day trading on Friday, hitting $70.15. The stock had a trading volume of 888,949 shares. Ross Stores has a 52 week low of $52.01 and a 52 week high of $70.86. The stock’s 50-day moving average is $68.0 and its 200-day moving average is $64.28. The company has a market cap of $15.001 billion and a P/E ratio of 18.29.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.52 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that Ross Stores will post $3.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, September 4th.
Ross Stores, Inc, along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.
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