Cidel Asset Management Inc buys $12,369,654 stake in Ross Stores (ROST)

Ross Stores (ROST) : Cidel Asset Management Inc scooped up 5,708 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 201,723 shares of Ross Stores which is valued at $12,369,654.Ross Stores makes up approximately 0.70% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in ROST in the latest quarter, The investment management firm added 74,200 additional shares and now holds a total of 1,242,592 shares of Ross Stores which is valued at $76,195,741. Ross Stores makes up approx 0.12% of Swiss National Bank’s portfolio. Quantbot Technologies Lp sold out all of its stake in ROST during the most recent quarter. The investment firm sold 6,020 shares of ROST which is valued $369,146.Msi Financial Services Inc boosted its stake in ROST in the latest quarter, The investment management firm added 587 additional shares and now holds a total of 5,526 shares of Ross Stores which is valued at $339,241. Ross Stores makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Dearborn Partners boosted its stake in ROST in the latest quarter, The investment management firm added 9,909 additional shares and now holds a total of 190,612 shares of Ross Stores which is valued at $11,307,104. Ross Stores makes up approx 0.96% of Dearborn Partners’s portfolio.Chevy Chase Trust Holdings boosted its stake in ROST in the latest quarter, The investment management firm added 2,457 additional shares and now holds a total of 345,657 shares of Ross Stores which is valued at $20,113,781. Ross Stores makes up approx 0.11% of Chevy Chase Trust Holdings’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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