Ross Stores Inc (ROST): James S Fassio , President, Chief Dev. Officer of Ross Stores Inc sold 12,000 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $63.35 per share for a total value of $760,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 26, 2016, Barbara Rentler (Chief Executive Officer) sold 12,840 shares at $63.76 per share price.On Jul 12, 2016, George Orban (director) sold 56,000 shares at $57.48 per share price.Also, On Jun 2, 2016, Michael Balmuth (Chairman, Executive) sold 194,984 shares at $53.44 per share price.On Apr 4, 2016, Michael J. Hartshorn (Group S.V.P., CFO) sold 862 shares at $58.16 per share price.
Ross Stores: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Ross Stores which led to swings in the share price. The shares opened for trading at $63.58 and hit $64.28 on the upside , eventually ending the session at $63.98, with a gain of 0.99% or 0.63 points. The heightened volatility saw the trading volume jump to 20,83,184 shares. The 52-week high of the share price is $66.28 and the company has a market cap of $25,373 M . The 52-week low of the share price is at $43.47.
Company has been under the radar of several Street Analysts.Ross Stores is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $56 .The Rating was issued on Aug 19, 2016.Ross Stores is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $65 .The Rating was issued on Aug 19, 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.