Decatur Capital Management Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : Decatur Capital Management reduced its stake in Ross Stores by 4.03% during the most recent quarter end. The investment management company now holds a total of 229,775 shares of Ross Stores which is valued at $14,503,398 after selling 9,650 shares in Ross Stores , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Ross Stores makes up approximately 1.87% of Decatur Capital Management’s portfolio.

Other Hedge Funds, Including , Ingalls Snyder reduced its stake in ROST by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 4,189 shares of ROST which is valued at $264,410. Ross Stores makes up approx 0.01% of Ingalls Snyder’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in ROST by selling 17,167 shares or 4.63% in the most recent quarter. The Hedge Fund company now holds 353,932 shares of ROST which is valued at $21,929,627. Ross Stores makes up approx 0.19% of Bnp Paribas Investment Partners S.a.’s portfolio. Thompson Siegel Walmsley added ROST to its portfolio by purchasing 322 company shares during the most recent quarter which is valued at $19,916.Ftb Advisors reduced its stake in ROST by selling 39 shares or 4.64% in the most recent quarter. The Hedge Fund company now holds 801 shares of ROST which is valued at $49,526. Ross Stores makes up approx 0.01% of Ftb Advisors’s portfolio.Fenimore Asset Management Inc reduced its stake in ROST by selling 2,521 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 1,478,594 shares of ROST which is valued at $85,817,596. Ross Stores makes up approx 4.12% of Fenimore Asset Management Inc’s portfolio.

Ross Stores closed down -0.15 points or -0.23% at $64.3 with 28,87,615 shares getting traded on Tuesday. Post opening the session at $64.76, the shares hit an intraday low of $64.17 and an intraday high of $64.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Ross Stores reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.67. The company had revenue of $3180.92 million for the quarter, compared to analysts expectations of $3128.94 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Ross Stores. Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 65 from a previous price target of $56 .Company shares were Reiterated by Wedbush on Aug 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 67 from a previous price target of $65 .Miller Tabak Initiated Ross Stores on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $66.

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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