Boston Financial Mangement Inc Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : Boston Financial Mangement Inc reduced its stake in Ross Stores by 4.57% during the most recent quarter end. The investment management company now holds a total of 140,140 shares of Ross Stores which is valued at $7,997,790 after selling 6,717 shares in Ross Stores , the firm said in a disclosure report filed with the SEC on May 3, 2016.Ross Stores makes up approximately 1.19% of Boston Financial Mangement Inc’s portfolio.

Other Hedge Funds, Including , Harfst Associates boosted its stake in ROST in the latest quarter, The investment management firm added 3,762 additional shares and now holds a total of 5,556 shares of Ross Stores which is valued at $317,081. Ross Stores makes up approx 0.20% of Harfst Associates’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in ROST in the latest quarter, The investment management firm added 4,621 additional shares and now holds a total of 220,482 shares of Ross Stores which is valued at $12,518,968. Ross Stores makes up approx 0.30% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Transamerica Financial Advisors reduced its stake in ROST by selling 6,337 shares or 85.03% in the most recent quarter. The Hedge Fund company now holds 1,116 shares of ROST which is valued at $63,244. Ross Stores makes up approx 0.01% of Transamerica Financial Advisors’s portfolio.Reilly Financial Advisors reduced its stake in ROST by selling 118 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 158,279 shares of ROST which is valued at $8,969,671. Ross Stores makes up approx 1.96% of Reilly Financial Advisors’s portfolio.

Ross Stores closed down -0.6 points or -1.03% at $57.56 with 23,93,729 shares getting traded on Tuesday. Post opening the session at $58.24, the shares hit an intraday low of $57.23 and an intraday high of $58.5 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 $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $0.64. The company had revenue of $3250.73 million for the quarter, compared to analysts expectations of $3211.85 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 $1.20 EPS.

Many Wall Street Analysts have commented on Ross Stores. Ross Stores was Downgraded by Piper Jaffray to ” Underweight” on May 11, 2016. Ross Stores was Downgraded by Goldman to ” Neutral” on Mar 9, 2016. Company shares were Reiterated by Telsey Advisory Group on Mar 2, 2016 to “Market Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .

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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