Revenue Update on Ross Stores(NASDAQ:ROST)

Ross Stores(NASDAQ:ROST) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $3.18B. Analysts estimated a revenue of $3.13B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.67.

In a different note, On Aug 1, 2016, Goldman Sachs said it Assumes its rating on Ross Stores. The shares have been rated ‘Neutral’ by the firm.

Ross Stores (ROST) shares turned negative on Mondays trading session with the shares closing down -0.15 points or -0.24% at a volume of 25,40,311. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.61. The peak price level was also seen at $63.61 while the days lowest was $62.91. Finally the shares closed at $63.11. The 52-week high of the shares is $66.28 while the 52-week low is $43.47. According to the latest information available, the market cap of the company is $25,213 M.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, George Orban (director) sold 56,000 shares at $57.48 per share price.Also, On Jun 2, 2016, Michael Balmuth (Chairman, Executive) sold 194,984 shares at $53.44 per share price.On Apr 4, 2016, Michael J. Hartshorn (Group S.V.P., CFO) sold 862 shares at $58.16 per share price, according to the Form-4 filing with the securities and exchange commission.

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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