Large Outflow of Money Witnessed in Ross Stores

Ross Stores (NASDAQ:ROST) traded on a positive note gaining 0.07 points or 0.14% to be valued at $53.7 per share. Intraday, the shares aggregated $20.31 million in upticks but saw an exodus of $22.12 million in downticks. The net money flow was calculated to be $(-1.8) million with the final up/down ratio coming in at 0.92. The share price has seen a change of 1.16% in value during the week. Block trade of up/down ratio of 0.49 was also registered with $3.62 million in upticks and $7.45 million in downticks. The net money flow for the block exchange was disappointing at $(-3.83) Million.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman, Executive) of Ross Stores Inc, Balmuth Michael had sold 194,984 shares worth of $10,419,945 in a transaction dated May 31, 2016. In this transaction, 194,984 shares were sold at $53.44 per share.

Ross Stores (NASDAQ:ROST) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.17% at $53.54 with 3,103,268 shares getting traded. Post opening the session at $53.55, the shares hit an intraday low of $53.03 and an intraday high of $53.85 and the price was in this range throughout the day. The company has a market cap of $21,390 million and the number of outstanding shares have been calculated to be 399,509,800 shares. The 52-week high of Ross Stores (NASDAQ:ROST) is $59.68 and the 52-week low is $43.47.

Many analysts have stated their opinion on the company shares. Brokerage firm UBS maintains its rating on Ross Stores (NASDAQ:ROST). As per the latest information, the brokerage house lowers the price target to $57 per share from a prior target of $60. The shares have been rated Neutral. The rating by the firm was issued on May 20, 2016.

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.

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