Published: Fri, August 18, 2017
Economy | By Annette Adams

Ross Stores | $ROST Stock | Shares Surge Higher On Earnings Report

Ross Stores | $ROST Stock | Shares Surge Higher On Earnings Report

World Asset Management Inc's holdings in Ross Stores were worth $2,232,000 at the end of the most recent quarter. Moreover, Wealthtrust has 0.01% invested in Ross Stores, Inc.

The company is so far trading down since yesterday's close of $54.37. Raymond James Trust N.A. boosted its position in shares of Ross Stores by 3.7% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer's stock worth $108,000 after buying an additional 776 shares during the period. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer's stock worth $2,086,753,000 after buying an additional 686,186 shares in the last quarter. Dynamic Technology Lab Private Ltd owns 24,053 shares valued at $1,389,000. (NASDAQ:ROST). Btim has invested 1.02% in Ross Stores, Inc. Retirement Systems of Alabama now owns 190,510 shares of the apparel retailer's stock valued at $12,549,000 after buying an additional 2,542 shares during the last quarter. Washington Tru Company owns 0.02% invested in Ross Stores, Inc.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 17th. Ross Stores, Inc. The company's 50 day moving average is $55.13 and its 200-day moving average is $62.15. The company has the market capitalization of $20.47B while its P/B ratio was 7.42. $189,725 worth of Ross Stores, Inc. Stock traders bought 7,510 put options on the company.

State Of Tennessee Treasury Department increased Ross Stores Inc (ROST) stake by 24.74% reported in 2016Q4 SEC filing. The Cadian Capital Management Lp holds 100,665 shares with $2.09 million value, down from 240,665 last quarter. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%.

With an EPS and revenue of $0.82 and $3.43 billion, respectively, for the quarter, ROST made it the fifth consecutive quarter of both top- and bottom-line beats - shares jumped 10% in early-trading before market-hours.

Comparable store sales advanced 4% as overall sales rose 8% to $3.43 billion in the quarter year over year. As of the latest earnings report the EPS was $2.92 and is projected to be $3.16 for the current year with 389,182,000 shares now outstanding. Additionally the company announced a dividend which was paid on Friday the 30th of June 2017. Shareholders of record on Thursday, September 7th will be given a dividend of $0.16 per share. After a recent spot-check, the stock has touched $23.03 which represents a change from the open of 1.19%. Ross Stores Inc. had 44 analyst reports since August 21, 2015 according to SRatingsIntel. Panattoni Lisa R sold $989,330 worth of Ross Stores, Inc. "(ROST)" was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and global trademark & copyright law. Wells Fargo reinitiated the shares of ROST in report on Thursday, October 22 with "Outperform" rating.

09/30/2016 - Guggenheim began new coverage on Ross Stores, Inc. giving the company a "buy" rating. Finally, Telsey Advisory Group raised shares of Ross Stores from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a "hold" rating and set a $63.00 target price on shares of Ross Stores in a report on Tuesday, May 16th. Morgan Stanley reiterated an "overweight" rating and issued a $69.00 price target on shares of Ross Stores in a research note on Monday, May 22nd.

In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the company's stock in a transaction on Friday, May 26th. $67.33's average target is 14.33% above currents $58.89 stock price. Following the completion of the transaction, the director now owns 4,967 shares in the company, valued at approximately $314,063.41.

In a tough operating environment for retailers, off-price apparel and home fashion retailer Ross Stores, Inc.

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