Group President and Chief Operating Officer Michael Hartshorn executed a sale of 8,366 shares of Ross Stores Inc (ROST, Financial) on September 16, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now directly owns 103,049 shares in the company.
Ross Stores Inc operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's strategy involves selling its products at prices generally 20% to 60% below department and specialty store regular prices.
Over the past year, Michael Hartshorn has sold a total of 48,436 shares of the company and has not made any purchases. The insider transaction history for Ross Stores Inc shows a pattern of more sales than purchases among insiders, with 11 sales and only 1 buy over the last year.
Shares of Ross Stores Inc were trading at $155.64 on the day of the transaction. The company has a market cap of approximately $50.02 billion. The price-earnings ratio stands at 24.31, which is above both the industry median of 17.69 and the company's historical median.
The stock's valuation metrics show a GF Value of $134.44, indicating that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.16.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into how insiders are reacting to the company's current valuation and market conditions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
