Group President, COO Michael Hartshorn Sells 21,056 Shares of Ross Stores Inc (ROST)
Group President and Chief Operating Officer Michael Hartshorn has executed a sale of 21,056 shares of Ross Stores Inc (NASDAQ:ROST) on March 18, 2024, according to a recent SEC filing. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Ross Stores Inc operates as an off-price apparel and home fashion chain in the United States. The company offers in-season, name-brand and designer apparel, accessories, footwear, and home fashions at a significant discount to department and specialty store regular prices.
Over the past year, the insider has sold a total of 21,056 shares and has not made any share purchases. This latest transaction continues a trend observed over the past year, where there have been no insider buys and a total of 9 insider sells for the company.
On the date of the insider's recent transaction, shares of Ross Stores Inc were trading at $145.14, giving the company a market capitalization of $49.48 billion. The price-earnings ratio stood at 26.43, which is above the industry median of 18.3 and also exceeds the company's historical median price-earnings ratio.
The stock's price of $145.14 compared to the GuruFocus Value of $129.00 indicates a price-to-GF-Value ratio of 1.13, suggesting that Ross Stores Inc is modestly overvalued based on its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, an adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
This article first appeared on GuruFocus.
