Ross Stores Inc (ROST) Files Form 4 Insider Selling : Michael Balmuth Sells 194,984 Shares

Ross Stores Inc (ROST): Michael Balmuth , Chairman, Executive of Ross Stores Inc sold 194,984 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $53.44 per share for a total value of $10422147 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Michael J. Hartshorn (Group S.V.P., CFO) sold 862 shares at $58.16 per share price.On Apr 4, 2016, Barbara Rentler (Chief Executive Officer) sold 40,000 shares at $58.38 per share price.Also, On Mar 30, 2016, Bernard G. Brautigan (President, Merchandising) sold 2,617 shares at $57.57 per share price.On Mar 28, 2016, John G Call (Executive VP & Corp Secretary) sold 27,000 shares at $57.40 per share price.

Shares of Ross Stores (ROST) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.19% at $53.3 with 21,97,249 shares getting traded. Post opening the session at $53.47, the shares hit an intraday low of $53.255 and an intraday high of $53.87 and the price vacillated in this range throughout the day. The company has a market cap of $21,389 M and the number of outstanding shares has been calculated to be 40,12,87,590 shares. The 52-week high of Ross Stores is $59.68 and the 52-week low is $43.47.

Ross Stores Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ross Stores is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 62 from a previous price target of $63 . The Rating was issued on May 20, 2016.Ross Stores is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 56 from a previous price target of $58 . The Rating was issued on May 20, 2016.Ross Stores is Downgraded by Piper Jaffray to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 11, 2016.Ross Stores is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 9, 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 dd’s DISCOUNTS. As of December 31 2014 the Company operated 1210 Ross locations in 33 states the District of Columbia and Guam and 152 dd’s DISCOUNTS stores in 15 states. The Ross and dd’s 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 dd’s 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.

Leave a Reply

Ross Stores - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ross Stores. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.