Ross Stores (NASDAQ:ROST) has climbed 1.16% in the past week and advanced 3.35% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.37% and the outperformance has advanced to 2.41% for the last 4 weeks period.
Ross Stores (NASDAQ:ROST): The stock opened at $54.31 on Friday but the bulls could not build on the opening and the stock topped out at $54.49 for the day. The stock traded down to $53.91 during the day, due to lack of any buying support eventually closed down at $54.25 with a loss of -0.33% for the day. The stock had closed at $54.43 on the previous day. The total traded volume was 3,557,527 shares.
The company shares have rallied 7.83% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $59.68 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $54.65 and the 200 Day Moving Average price is recorded at $55.33.
On the companys insider trading activities,The director officer (Chairman, Executive) of Ross Stores Inc, Balmuth Michael sold 194,984 shares at $53.44 on May 31, 2016. The Insider selling transaction had a total value worth of $10,419,945. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. UBS maintains its rating on Ross Stores (NASDAQ:ROST). The global brokerage major lowers the current price target from $60 per share to $57 per share. Analysts at the UBS have a current rating of Neutral on the shares. The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 2.4% of Ross Stores shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.57% . Institutional Investors own 88.81% of Ross Stores shares. During last six month period, the net percent change held by insiders has seen a change of -20.75%.
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 dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.