Ross Stores (NASDAQ:ROST) is the off-price apparel and home fashion chain in the United States.
Insider selling during the last 30 days
Here is a table of Ross Stores' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Douglas Baker||CMO||Mar 21-Apr 9||36,000||No||264,085 shares + 4,000 options||11.8%|
|Lisa Panattoni||EVP||Mar 19-Apr 4||33,741||No||202,003 shares||14.3%|
|Barbara Rentler||CMO||Mar 19-Apr 3||57,565||No||280,886 shares||17.0%|
|Michael Bush||Director||April 2||16,000||No||24,921 shares||39.1%|
|Michael Hartshorn||CFO||March 19||2,362||No||31,486 shares||7.0%|
There have been 145,668 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Ross Stores' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 1,026,414 shares sold, and there have been zero shares purchased by insiders since January 2013.
Ross Stores reported the fiscal 2013 full-year, which ended February 1, financial results on February 27 with the following highlights:
|Net income||$837.3 million|
The five insiders sold their shares after these results.
Ross Stores' guidance is as follows:
|Same store sales growth||1%-2%||1%-2%|
|Qtrly Rev Growth (yoy):||-0.01||-0.04||0.01||0.02|
|PEG (5 yr expected):||1.45||2.45||1.73||1.76|
Ross Stores has the second-highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Ross Stores has seen intensive insider selling during the last 30 days.
There have been five different insiders selling Ross Stores, and there have not been any insiders buying Ross Stores during the last 30 days. Four of these five insiders decreased their holdings by more than 10%. Ross Stores has an insider ownership of 2.57%.
Ross Stores has a $64 price target from the Point & Figure chart. I believe there is an opportunity for a short entry with the $64 price target. I would place a stop loss at $75, which is the three-month high. The two main reasons for the proposed short entry are a bearish Point & Figure chart, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in ROST over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.