Ross Stores Insider James S. Fassio Sells 20,000 Shares (ROST)
Ross Stores (NASDAQ:ROST) Insider James S. Fassio sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $75.00, for a total value of $1,500,000.00. Following the sale, the insider now directly owns 250,744 shares of the company’s stock, valued at approximately $18,805,800. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Ross Stores (NASDAQ:ROST) traded up 0.11% on Thursday, hitting $75.23. The stock had a trading volume of 1,135,473 shares. Ross Stores has a 52 week low of $61.83 and a 52 week high of $81.99. The stock has a 50-day moving average of $66.44 and a 200-day moving average of $68.65. The company has a market cap of $15.615 billion and a P/E ratio of 18.27.
Ross Stores (NASDAQ:ROST) last released its earnings data on Thursday, August 21st. The company reported $1.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company posted $0.98 earnings per share. Ross Stores’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Ross Stores will post $4.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on ROST shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ross Stores in a research note on Friday, August 22nd. They now have a $82.00 price target on the stock, up previously from $77.00. Separately, analysts at Sterne Agee raised their price target on shares of Ross Stores from $68.00 to $70.00 in a research note on Friday, August 22nd. Finally, analysts at Canaccord Genuity raised their price target on shares of Ross Stores from $66.00 to $68.00 in a research note on Friday, August 22nd. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $77.59.
Ross Stores, Inc is an off-price apparel and home fashion chain in the United States. The Company operates two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (NASDAQ:ROST) and dd’s DISCOUNTS.
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