Patricia Mueller, a board director at Ross Stores, Inc. (NASDAQ:ROST), has sold a portion of her company stock, according to the latest filings with the Securities and Exchange Commission. The transaction, dated May 28, 2024, involved the sale of 941 shares at a price of $138.365 per share, amounting to a total of approximately $130,201.
The recent transaction has adjusted Mueller's direct holdings in the company, leaving her with 973 shares held indirectly through a Limited Liability Corporation. The shares are specifically held in the name of LT Doglover Holdings, LLC, for which Patricia Mueller is a noted affiliate, as indicated in the footnotes of the SEC filing.
Investors closely monitor insider transactions as they can provide insights into the executive's perspective on the company's current valuation and future prospects. The sale by Mueller might draw the attention of Ross Stores' shareholders and market analysts as it reflects a sizable divestment by a key insider.
Ross Stores, a prominent player in the retail-family clothing stores sector, has not provided any official comment on this transaction. As is standard practice, the SEC filing does not divulge the reasons behind Mueller's decision to sell the shares. Shareholders and potential investors often look at such filings to better understand the investment patterns and confidence levels of company insiders.
For those interested in tracking further insider transactions of Ross Stores, Inc., updates are regularly provided through SEC filings.
InvestingPro Insights
Patricia Mueller's recent sale of Ross Stores, Inc. (NASDAQ:ROST) shares may lead investors to scrutinize the company's financial health and future prospects. In light of this, certain metrics and InvestingPro Tips can offer deeper insights:
InvestingPro Data shows that Ross Stores currently boasts a healthy market capitalization of $47.04 billion, indicating its significant presence in the market. Additionally, the company's P/E ratio stands at 23.49, which is closely aligned with the adjusted P/E ratio for the last twelve months as of Q1 2025 at 23.62. This suggests that the company's earnings are stable and that investors are valuing its earnings consistently.
The company's PEG ratio for the same period is 0.74, hinting at potentially undervalued stock given its earnings growth prospects. With a robust gross profit margin of 32.4%, Ross Stores demonstrates its ability to retain a significant portion of revenue as gross profit.
InvestingPro Tips highlight that Ross Stores has consistently raised its dividend for three consecutive years and has maintained dividend payments for an impressive 31 consecutive years, which could be particularly appealing to income-focused investors. Moreover, analysts have revised their earnings estimates upwards for the upcoming period, reflecting optimism about the company's financial performance.
For investors seeking more comprehensive analyses and additional tips, there are 12 more InvestingPro Tips available for Ross Stores, Inc. at https://www.investing.com/pro/ROST. These tips can provide valuable guidance for those considering an investment in the company. To access these insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, further enriching your investment strategy with expert knowledge.
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