New Amsterdam Partnersny Lowers stake in Ross Stores (ROST)

Ross Stores (ROST) : New Amsterdam Partnersny reduced its stake in Ross Stores by 1.88% during the most recent quarter end. The investment management company now holds a total of 409,269 shares of Ross Stores which is valued at $22.2 Million after selling 7,836 shares in Ross Stores , the firm said in a disclosure report filed with the SEC on May 11, 2016.Ross Stores makes up approximately 2.46% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc reduced its stake in ROST by selling 73,386 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 4,916,695 shares of ROST which is valued at $267.1 Million. Ross Stores makes up approx 1.03% of Pioneer Investment Management Inc’s portfolio.Blackrock Fund Advisors reduced its stake in ROST by selling 72,875 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 6,719,922 shares of ROST which is valued at $365 Million. Ross Stores makes up approx 0.09% of Blackrock Fund Advisors’s portfolio.Calvert Investment Management boosted its stake in ROST in the latest quarter, The investment management firm added 3,107 additional shares and now holds a total of 23,180 shares of Ross Stores which is valued at $1.3 Million. Ross Stores makes up approx 0.06% of Calvert Investment Management’s portfolio.Commerce Bank boosted its stake in ROST in the latest quarter, The investment management firm added 1,782 additional shares and now holds a total of 30,329 shares of Ross Stores which is valued at $1.7 Million. Ross Stores makes up approx 0.03% of Commerce Bank’s portfolio.

Ross Stores opened for trading at $54.17 and hit $55.93 on the upside on Monday, eventually ending the session at $55.74, with a gain of 2.61% or 1.42 points. The heightened volatility saw the trading volume jump to 31,82,475 shares. Company has a market cap of $22,368 M.

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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