Investors Buy High Volume of Call Options on Ross Stores (ROST)

Ross Stores, Inc. (NASDAQ:ROST) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 8,084 call options on the company. This represents an increase of 1,116% compared to the average daily volume of 665 call options.

Shares of Ross Stores (ROST) opened at $83.76 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The firm has a market cap of $32,010.00, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. Ross Stores has a one year low of $52.85 and a one year high of $84.26.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. equities analysts anticipate that Ross Stores will post 3.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, November 30th. Ross Stores’s dividend payout ratio is presently 20.45%.

Institutional investors have recently bought and sold shares of the business. Balentine LLC lifted its stake in Ross Stores by 0.3% in the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in Ross Stores by 255.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 1,365 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Ross Stores by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares during the last quarter. Zions Bancorporation lifted its stake in Ross Stores by 338.9% in the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 1,637 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Ross Stores in the fourth quarter worth $204,000. 91.44% of the stock is owned by institutional investors and hedge funds.

ROST has been the subject of a number of research analyst reports. Nomura set a $80.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. SunTrust Banks set a $80.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. Bank of America reaffirmed a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a report on Monday, September 25th. Finally, Cowen set a $78.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $74.19.

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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.

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