Ross Stores (ROST) : Gw Henssler Associates Ltd scooped up 14,121 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 147,576 shares of Ross Stores which is valued at $8,363,132.Ross Stores makes up approximately 0.97% of Gw Henssler Associates Ltd’s portfolio.
Ross Stores opened for trading at $57.59 and hit $58.305 on the upside on Wednesday, eventually ending the session at $58.21, with a gain of 1.06% or 0.61 points. The heightened volatility saw the trading volume jump to 19,18,602 shares. Company has a market cap of $23,359 M.
Other Hedge Funds, Including , Mechanics Bank Trust Department boosted its stake in ROST in the latest quarter, The investment management firm added 3,265 additional shares and now holds a total of 71,180 shares of Ross Stores which is valued at $4,033,771. Ross Stores makes up approx 1.55% of Mechanics Bank Trust Department’s portfolio.Joel Isaacson reduced its stake in ROST by selling 4,996 shares or 15.74% in the most recent quarter. The Hedge Fund company now holds 26,743 shares of ROST which is valued at $1,515,526. Ross Stores makes up approx 0.33% of Joel Isaacson’s portfolio. Alpha Windward added ROST to its portfolio by purchasing 2,896 company shares during the most recent quarter which is valued at $164,927. Ross Stores makes up approx 0.12% of Alpha Windward’s portfolio.Somerset Trust Co boosted its stake in ROST in the latest quarter, The investment management firm added 427 additional shares and now holds a total of 25,997 shares of Ross Stores which is valued at $1,480,529. Ross Stores makes up approx 0.97% of Somerset Trust Co’s portfolio.
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 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 .Company shares were Reiterated by Wedbush on Mar 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 63 from a previous price target of $61 .
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.