Garrison Bradford Associates Inc Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : Garrison Bradford Associates Inc reduced its stake in Ross Stores by 43.8% during the most recent quarter end. The investment management company now holds a total of 7,700 shares of Ross Stores which is valued at $472,164 after selling 6,000 shares in Ross Stores , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Ross Stores makes up approximately 0.45% of Garrison Bradford Associates Inc’s portfolio.

Other Hedge Funds, Including , Amica Mutual Insurance Co reduced its stake in ROST by selling 59,915 shares or 73.92% in the most recent quarter. The Hedge Fund company now holds 21,141 shares of ROST which is valued at $1,296,366. Ross Stores makes up approx 0.12% of Amica Mutual Insurance Co’s portfolio.Kwmg boosted its stake in ROST in the latest quarter, The investment management firm added 1,130 additional shares and now holds a total of 10,159 shares of Ross Stores which is valued at $609,235. Ross Stores makes up approx 0.32% of Kwmg’s portfolio.Douglass Winthrop Advisors reduced its stake in ROST by selling 1,518 shares or 26.09% in the most recent quarter. The Hedge Fund company now holds 4,300 shares of ROST which is valued at $249,572. Ross Stores makes up approx 0.02% of Douglass Winthrop Advisors’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in ROST by selling 303 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 8,297 shares of ROST which is valued at $467,619. Ross Stores makes up approx 0.09% of First Financial Bank N.a. – Trust Division’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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