George Orban Sells 1,000 Shares of Ross Stores, Inc. (NASDAQ:ROST) Stock

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Ross Stores, Inc. (NASDAQ:ROST) Director George Orban sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $102.50, for a total transaction of $102,500.00. Following the completion of the transaction, the director now directly owns 543,939 shares in the company, valued at $55,753,747.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ ROST opened at $106.02 on Friday. The stock’s fifty day moving average price is $98.93. The company has a market capitalization of $37.53 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.19 and a beta of 0.90. Ross Stores, Inc. has a twelve month low of $75.91 and a twelve month high of $106.78. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. As a group, analysts forecast that Ross Stores, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.96%. Ross Stores’s dividend payout ratio is 23.94%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CI Investments Inc. bought a new position in shares of Ross Stores during the fourth quarter worth $26,000. First Manhattan Co. bought a new position in shares of Ross Stores during the first quarter worth $27,000. Berman Capital Advisors LLC bought a new position in shares of Ross Stores during the fourth quarter worth $32,000. Omnia Family Wealth LLC boosted its position in shares of Ross Stores by 1,387.5% during the fourth quarter. Omnia Family Wealth LLC now owns 476 shares of the apparel retailer’s stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Finally, Thor Advisors LLC bought a new position in shares of Ross Stores during the first quarter worth $54,000. 89.62% of the stock is currently owned by institutional investors.

ROST has been the topic of a number of recent research reports. Telsey Advisory Group cut shares of Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 price objective on the stock. in a research note on Monday, June 24th. Goldman Sachs Group raised shares of to a “neutral” rating and reduced their price objective for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research note on Thursday, June 27th. Robert W. Baird initiated coverage on shares of TJX Companies in a research note on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective on the stock. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Ross Stores presently has an average rating of “Buy” and an average target price of $98.64.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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