Insider Selling: James S. Fassio Sells 20,000 Shares of Ross Stores Stock (ROST)
Ross Stores (NASDAQ:ROST) Insider James S. Fassio sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.00, for a total transaction of $1,520,000.00. Following the completion of the sale, the insider now directly owns 250,744 shares of the company’s stock, valued at approximately $19,056,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ross Stores (NASDAQ:ROST) traded up 1.00% on Thursday, hitting $76.87. 1,645,036 shares of the company’s stock traded hands. Ross Stores has a 1-year low of $61.83 and a 1-year high of $81.99. The stock has a 50-day moving average of $67.29 and a 200-day moving average of $68.7. The company has a market cap of $15.956 billion and a price-to-earnings ratio of 18.50.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 21st. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Ross Stores will post $4.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 1.05%. 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target 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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