Carlton Hofferkamp Jenks Wealth Management buys $877,283 stake in Ross Stores (ROST)

Ross Stores (ROST) : Carlton Hofferkamp Jenks Wealth Management scooped up 1,140 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 14,789 shares of Ross Stores which is valued at $877,283.Ross Stores makes up approximately 0.67% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in ROST in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 2,605 shares of Ross Stores which is valued at $154,529. Ross Stores makes up approx 0.03% of Carroll Financial Associates’s portfolio.Private Bank Trust Co boosted its stake in ROST in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 14,300 shares of Ross Stores which is valued at $842,985. Ross Stores makes up approx 0.13% of Private Bank Trust Co’s portfolio.Cabot Wealth Management Inc reduced its stake in ROST by selling 32,806 shares or 45.05% in the most recent quarter. The Hedge Fund company now holds 40,023 shares of ROST which is valued at $2,322,935. Ross Stores makes up approx 0.60% of Cabot Wealth Management Inc’s portfolio.

Ross Stores opened for trading at $59.22 and hit $59.5 on the upside on Wednesday, eventually ending the session at $59.32, with a gain of 0.19% or 0.11 points. The heightened volatility saw the trading volume jump to 17,51,393 shares. Company has a market cap of $23,699 M.

On the company’s financial health, Ross Stores reported $0.73 EPS for the quarter, based on the information available during the earnings call on May 19, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $3089.00 million for the quarter, compared to analysts expectations of $3115.64 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on Ross Stores. Miller Tabak Initiated Ross Stores on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $66.Shares were Reiterated by Wedbush on May 20, 2016 to “Outperform” and Lowered the Price Target to $ 62 from a previous price target of $63 .Shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Sector Perform” and Lowered the Price Target to $ 56 from a previous price target of $58 .

Ross Stores Inc. is an off-price retailer of name brand and designer apparel accessories footwear and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31 2014 the Company operated 1210 Ross locations in 33 states the District of Columbia and Guam and 152 dd’s DISCOUNTS stores in 15 states. The Ross and dd’s DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross’ target customers are primarily from middle income households. The dd’s DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.

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