Reilly Financial Advisors Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : Reilly Financial Advisors reduced its stake in Ross Stores by 0.09% during the most recent quarter end. The investment management company now holds a total of 158,143 shares of Ross Stores which is valued at $9,697,329 after selling 136 shares in Ross Stores , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Ross Stores makes up approximately 1.73% of Reilly Financial Advisors’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in ROST by selling 25,422 shares or 49.68% in the most recent quarter. The Hedge Fund company now holds 25,753 shares of ROST which is valued at $1,579,174. Ross Stores makes up approx 0.01% of Sg Americas Securities’s portfolio.Lmr Partners Llp boosted its stake in ROST in the latest quarter, The investment management firm added 20,030 additional shares and now holds a total of 39,530 shares of Ross Stores which is valued at $2,444,140. Ross Stores makes up approx 0.37% of Lmr Partners Llp’s portfolio.Genesee Valley Trust Co boosted its stake in ROST in the latest quarter, The investment management firm added 3,493 additional shares and now holds a total of 7,326 shares of Ross Stores which is valued at $449,743. Ross Stores makes up approx 0.29% of Genesee Valley 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 closed down -0.34 points or -0.55% at $61.51 with 22,94,003 shares getting traded on Monday. Post opening the session at $61.82, the shares hit an intraday low of $61.24 and an intraday high of $61.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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