Ross Stores, Inc. (NASDAQ:ROST) insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ross Stores, Inc. (ROST) traded up 0.81% during midday trading on Friday, reaching $66.06. The company had a trading volume of 1,032,566 shares. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $69.81. The firm’s 50 day moving average is $60.69 and its 200 day moving average is $60.55. The stock has a market capitalization of $25.47 billion, a PE ratio of 21.82 and a beta of 1.14.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 0.98%. Ross Stores’s payout ratio is currently 21.12%.

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Institutional investors and hedge funds have recently modified their holdings of the business. Guardian Life Insurance Co. of America grew its position in Ross Stores by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares during the period. Parallel Advisors LLC grew its position in Ross Stores by 39.1% during the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares during the period. Balentine LLC grew its position in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after buying an additional 5 shares during the period. Parkside Financial Bank & Trust grew its position in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares during the period. Finally, Acrospire Investment Management LLC grew its position in Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after buying an additional 1,000 shares during the period. Institutional investors own 90.40% of the company’s stock.

Several brokerages have weighed in on ROST. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of Ross Stores in a research report on Monday, September 18th. Wolfe Research cut their price target on Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research report on Friday, August 18th. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $65.00 price target on Ross Stores and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.17.

About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Insider Buying and Selling by Quarter for Ross Stores (NASDAQ:ROST)

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