Oakwood Capital Managementca buys $7,765,360 stake in Ross Stores (ROST)

Ross Stores (ROST) : Oakwood Capital Managementca scooped up 1,330 additional shares in Ross Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 136,354 shares of Ross Stores which is valued at $7,765,360.Ross Stores makes up approximately 2.03% of Oakwood Capital Managementca’s portfolio.

Ross Stores closed down -0.03 points or -0.05% at $56.95 with 19,45,623 shares getting traded on Friday. Post opening the session at $57.16, the shares hit an intraday low of $56.71 and an intraday high of $57.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in ROST by selling 2,220 shares or 4.07% in the most recent quarter. The Hedge Fund company now holds 52,302 shares of ROST which is valued at $2,978,599. Ross Stores makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Eqis Capital Management boosted its stake in ROST in the latest quarter, The investment management firm added 3,695 additional shares and now holds a total of 30,662 shares of Ross Stores which is valued at $1,718,605. Ross Stores makes up approx 0.12% of Eqis Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in ROST in the latest quarter, The investment management firm added 21,175 additional shares and now holds a total of 286,590 shares of Ross Stores which is valued at $16,063,370. Ross Stores makes up approx 0.15% of British Columbia Investment Management Corp’s portfolio. First American Bank added ROST to its portfolio by purchasing 4,267 company shares during the most recent quarter which is valued at $239,165. Ross Stores makes up approx 0.02% of First American Bank’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.

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