Don't Ignore The Insider Selling In Ross Stores
Don't Ignore The Insider Selling In Ross Stores
We wouldn't blame Ross Stores, Inc. (NASDAQ:ROST) shareholders if they were a little worried about the fact that Brian Morrow, the President & Chief Merchandising Officer of dd's DISCOUNTS recently netted about US$1.6m selling shares at an average price of US$146. That sale reduced their total holding by 15% which is hardly insignificant, but far from the worst we've seen.
Ross Stores Insider Transactions Over The Last Year
The Vice Chairman & CEO, Barbara Rentler, made the biggest insider sale in the last 12 months. That single transaction was for US$5.2m worth of shares at a price of US$120 each. That means that even when the share price was below the current price of US$147, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 13% of Barbara Rentler's stake.
Insiders in Ross Stores didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NasdaqGS:ROST Insider Trading Volume April 1st 2024
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Ross Stores insiders own 2.0% of the company, currently worth about US$1.0b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Ross Stores Tell Us?
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But since Ross Stores is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Ross Stores that deserve your attention before buying any shares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
如果羅斯百貨公司(納斯達克股票代碼:ROST)股東對dd's DISCOUNTS總裁兼首席銷售官布萊恩·莫羅最近以平均價格146美元淨出售股票約160萬美元感到擔憂,我們就不會責怪他們。此次出售使他們的總持股量減少了15%,這並非微不足道,但遠非我們所見過的最壞情況。
羅斯商店去年的內幕交易
副董事長兼首席執行官芭芭拉·倫特勒進行了過去12個月中最大規模的內幕出售。這筆單筆交易是價值520萬美元的股票,每股價格爲120美元。這意味着,即使股價低於當前的147美元,內部人士也想套現一些股票。當內部人士以低於當前價格的價格出售時,這表明他們認爲較低的價格是公平的。這讓我們想知道他們如何看待最近(更高的)估值。但是,儘管內幕銷售有時令人沮喪,但這只是一個微弱的信號。此次出售僅佔芭芭拉·倫特勒股份的13%。
去年,羅斯百貨的內部人士沒有購買任何股票。你可以在下面看到過去 12 個月的內幕交易(公司和個人)的直觀描述。如果你點擊圖表,你可以看到所有的個人交易,包括股價、個人和日期!
納斯達克GS: ROST 內幕交易量 2024 年 4 月 1 日
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
內部所有權
測試公司領導者與其他股東之間一致性的另一種方法是查看他們擁有多少股份。我認爲,如果內部人士擁有該公司的大量股份,這是一個好兆頭。羅斯百貨內部人士擁有該公司2.0%的股份,根據最近的股價,目前價值約10億美元。我喜歡看到這種程度的內部所有權,因爲它增加了管理層考慮股東最大利益的機會。
羅斯商店的內幕交易能告訴我們什麼?
內部人士最近出售了股票,但他們一直沒有買入。在過去的一年裏,沒有任何能讓我們感到安慰的購買。但是,由於羅斯百貨盈利且不斷增長,我們對此並不太擔心。看到較高的內部所有權是件好事,但內幕拋售使我們持謹慎態度。因此,雖然了解內部人士在買入或賣出方面的所作所爲很有幫助,但了解特定公司面臨的風險也很有幫助。在Simply Wall St,我們發現了羅斯百貨的1個警告信號,在購買任何股票之前,值得你注意。
當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,來看看這份有趣的公司的免費清單吧。
就本文而言,內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益,不包括衍生品交易或間接權益。
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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