Ross Stores Inc. (NASDAQ:ROST) Director Gregory L. Quesnel sold 16,000 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $64.39, for a total value of $1,030,240.00. Following the transaction, the director now owns 19,370 shares in the company, valued at $1,247,234.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Ross Stores Inc. (NASDAQ:ROST) traded up 0.707% during midday trading on Friday, reaching $64.825. 222,305 shares of the company were exchanged. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 24.676 and a beta of 0.94. The company’s 50-day moving average price is $63.17 and its 200 day moving average price is $58.65. Ross Stores Inc. has a 52-week low of $43.47 and a 52-week high of $66.28.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Ross Stores had a net margin of 8.55% and a return on equity of 42.01%. The business earned $3.18 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Ross Stores Inc. will post $2.75 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, August 31st. Ross Stores’s dividend payout ratio (DPR) is 20.53%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its position in Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 435 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Ross Stores during the first quarter valued at approximately $140,000. Carroll Financial Associates Inc. boosted its position in Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares during the period. Independent Portfolio Consultants Inc. purchased a new position in Ross Stores during the second quarter valued at approximately $151,000. Finally, Citizens Financial Group Inc RI boosted its position in Ross Stores by 51.6% in the first quarter. Citizens Financial Group Inc RI now owns 2,737 shares of the apparel retailer’s stock valued at $159,000 after buying an additional 931 shares during the period. Hedge funds and other institutional investors own 90.21% of the company’s stock.

A number of research analysts have commented on ROST shares. Bank of America Corp. set a $70.00 price target on Ross Stores and gave the stock a “buy” rating in a research note on Monday, September 12th. Wedbush increased their price objective on Ross Stores from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, August 19th. Royal Bank Of Canada increased their price objective on Ross Stores from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, August 19th. Citigroup Inc. increased their price objective on Ross Stores from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Finally, Buckingham Research upgraded Ross Stores from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.25.

About Ross Stores

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.

5 Day Chart for NASDAQ:ROST

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