Tiverton Asset Management buys $49,845,359 stake in Ross Stores (ROST)

Ross Stores (ROST) : Tiverton Asset Management scooped up 144,189 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 789,692 shares of Ross Stores which is valued at $49,845,359.Ross Stores makes up approximately 1.95% of Tiverton Asset Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in ROST in the latest quarter, The investment management firm added 117,794 additional shares and now holds a total of 1,091,442 shares of Ross Stores which is valued at $68,891,819. Ross Stores makes up approx 0.10% of Parametric Portfolio Associates’s portfolio.Denver Investment Advisors boosted its stake in ROST in the latest quarter, The investment management firm added 7,400 additional shares and now holds a total of 62,200 shares of Ross Stores which is valued at $3,853,912. Ross Stores makes up approx 0.17% of Denver Investment Advisors’s portfolio.Navellier Associates Inc reduced its stake in ROST by selling 63,302 shares or 33.75% in the most recent quarter. The Hedge Fund company now holds 124,239 shares of ROST which is valued at $7,618,335. Ross Stores makes up approx 1.11% of Navellier Associates Inc’s portfolio.

Ross Stores closed down -0.15 points or -0.24% at $63.11 with 25,40,311 shares getting traded on Monday. Post opening the session at $63.23, the shares hit an intraday low of $62.91 and an intraday high of $63.61 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 $0.71 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.

Investors should note that on Aug 17, 2016, Ross Stores announced a cash dividend of $0.1350. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 30, 2016.

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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