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

Ross Stores, Inc. (NASDAQ:ROST) saw some unusual options trading activity on Wednesday. Investors purchased 8,084 call options on the stock. This represents an increase of approximately 1,116% compared to the typical daily volume of 665 call options.

Institutional investors and hedge funds have recently made changes to their positions in the business. Balentine LLC lifted its stake in shares of 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 buying an additional 5 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in shares of 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 buying an additional 1,000 shares in the last quarter. Zions Bancorporation lifted its stake in shares of 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 buying an additional 1,637 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of 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 buying an additional 1,365 shares in the last quarter. Finally, Sun Life Financial INC lifted its stake in shares of Ross Stores by 20,314.3% in the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock worth $165,000 after buying an additional 2,844 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.

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

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

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. equities analysts expect that Ross Stores will post 3.29 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: “Investors Buy High Volume of Call Options on Ross Stores (ROST)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3146807/investors-buy-high-volume-of-call-options-on-ross-stores-rost.html.

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.

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.