Fleming, Ross Stores CMO, sells $437k in shares

Published 29/09/2025, 23:26
Fleming, Ross Stores CMO, sells $437k in shares

Karen Fleming, President and CMO of Ross Dress for Less, a subsidiary of ROSS STORES, INC. (NASDAQ:ROST), sold 2,932 shares of common stock on September 25, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $49.4 billion specialty retailer, which maintains a "GREAT" financial health score according to InvestingPro, has demonstrated strong market performance, trading near its 52-week high of $158.69.

The shares were sold at a price of $149.0936, for a total transaction value of $437142. Following the transaction, Fleming directly owns 88334.505 shares of Ross Stores, Inc. The company has maintained dividend payments for 32 consecutive years, with a current yield of 1.07%. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report that provides deep-dive analysis of ROST’s financial performance and market position.

In other recent news, Ross Stores, Inc. announced the appointment of William Sheehan as the new Executive Vice President and Chief Financial Officer, effective October 1, 2025. This change comes as Adam Orvos plans to retire at the end of September 2025. Meanwhile, several investment firms have adjusted their stock price targets for Ross Stores. TD Cowen raised its target to $162, maintaining a Buy rating, while UBS increased its target to $147, holding a Neutral rating and forecasting a 4.5% five-year earnings per share growth rate. Bernstein SocGen Group reiterated a Market Perform rating with a $147 target, describing their outlook as "optimistically cautious" following Ross Stores’ second-quarter results. Wells Fargo also raised its price target to $165, maintaining an Overweight rating, highlighting improved sales momentum and reduced tariff pressures in the second quarter. These developments reflect a range of perspectives on Ross Stores’ financial outlook and strategic direction.

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