Ross Stores (ROST) : Btc Capital Management scooped up 3,380 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 69,120 shares of Ross Stores which is valued at $4,238,438.Ross Stores makes up approximately 0.89% of Btc Capital Management’s portfolio.
Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in ROST by selling 892 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 52,499 shares of ROST which is valued at $3,219,239. Ross Stores makes up approx 0.04% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Bath Savings Trust Co reduced its stake in ROST by selling 270 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 11,205 shares of ROST which is valued at $671,964. Ross Stores makes up approx 0.21% of Bath Savings Trust Co’s portfolio.Dnb Asset Management As boosted its stake in ROST in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 30,580 shares of Ross Stores which is valued at $1,779,450. Ross Stores makes up approx 0.04% of Dnb Asset Management As’s portfolio. Centurylink Investment Management Co sold out all of its stake in ROST during the most recent quarter. The investment firm sold 5,483 shares of ROST which is valued $319,056.
Ross Stores opened for trading at $61.44 and hit $61.8 on the upside on Thursday, eventually ending the session at $61.49, with a gain of 0.28% or 0.17 points. The heightened volatility saw the trading volume jump to 20,60,450 shares. Company has a market cap of $24,566 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.