Pensionfund Dsm Netherlands Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : Pensionfund Dsm Netherlands reduced its stake in Ross Stores by 25.78% during the most recent quarter end. The investment management company now holds a total of 61,900 shares of Ross Stores which is valued at $3.5 Million after selling 21,500 shares in Ross Stores according to a report filed by the company on Apr 4, 2016 with the SEC.Ross Stores makes up approximately 0.47% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including ,

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 closed down -0.48 points or -0.85% at $56.05 with 19,66,407 shares getting traded on Monday. Post opening the session at $56.53, the shares hit an intraday low of $56.0101 and an intraday high of $56.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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