GuruFocus - On September 5, 2024, Michael Balmuth, Executive Chairman of Ross Stores Inc (NASDAQ:ROST), executed a sale of 14,887 shares of the company at a price of $152.22 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 11,133 shares of Ross Stores Inc.
Ross Stores Inc operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dds DISCOUNTS brands. These stores offer a range of 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 transaction history at Ross Stores Inc shows a pattern of more sales than purchases among insiders, with 10 insider sales and only 1 insider buy. The insider, Michael Balmuth, has sold a total of 14,887 shares and has not made any purchases in the past year.
As of the latest transaction, Ross Stores Inc (NASDAQ:ROST) shares were trading at $152.22, giving the company a market cap of approximately $50.30 billion. The price-earnings ratio stands at 24.32, which is above both the industry median of 17.63 and the company's historical median.
The stock's valuation, according to the GF Value, is set at $134.33, indicating that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.13.
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 view the stock's current valuation and future prospects.
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.
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