Ross Stores Inc (ROST, Financial), a renowned off-price apparel and home fashion chain in the United States, has seen a recent insider transaction. Group President and Chief Operating Officer Michael Hartshorn sold 19,014 shares of the company on March 27, 2024, according to a SEC Filing.
Over the past year, the insider has sold a total of 40,070 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider sales at Ross Stores Inc, with a total of 11 insider sells and no insider buys occurring over the same timeframe.
On the day of the sale, shares of Ross Stores Inc were trading at $146.39, giving the company a market cap of $49.41 billion. The price-earnings ratio of the company stands at 26.40, which is above both the industry median of 18.23 and the company's historical median price-earnings ratio.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $129.15, results in a price-to-GF-Value ratio of 1.13, indicating that Ross Stores Inc is considered modestly overvalued.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into the company's performance and insider perspectives on the stock's valuation. The recent sales by the insider at Ross Stores Inc may attract attention from the market as stakeholders evaluate the implications of these transactions.
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.
