Ross Stores, Inc. (ROST) Shares Surge Following Solid Earnings Results, Outlook


Public Employees Retirement Association of Colorado's holdings in Ross Stores were worth $4,247,000 at the end of the most recent quarter.


Other hedge funds and other institutional investors have also made changes to their positions in the company.

On 2/28/2017 announced a quarterly dividend of $0.16 0.96% with an ex dividend date of 3/8/2017 which will be payable on 3/10/2017. Raymond James Trust N.A. now owns 20,789 shares of the apparel retailer's stock worth $1,369,000 after buying an additional 748 shares during the period. Nationwide Fund Advisors raised its position in shares of Ross Stores by 37.0% in the first quarter.

On 3/23/2017 Bernard G Brautigan, Insider, sold 28,434 with an average share price of $66.28 per share and the total transaction amounting to $1,884,605.52. Wedgewood Partners Inc sold 313,154 shares as Ross Stores (ROST)'s stock declined 9.26%. Creative Planning boosted its position in shares of Ross Stores by 6.4% in the first quarter. Dynamic Technology Lab Private Ltd grew its ownership by buying 16,744 shares an increase of 229.1% from 03/31/2017 to 06/30/2017. Gulf International Bank UK Ltd boosted its position in shares of Ross Stores by 1.2% in the first quarter.

Among 20 analysts covering Ross Stores Inc.

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Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 18th.

The company is trading down by -1.91 percent from yesterday's close. The 50 day moving average went down by -3.49% whereas the 200 day moving average was down $-8.88 or -14.28%. Ross Stores has a one year low of $52.85 and a one year high of $69.81. The company has market cap of 27.11 billion Euro. Ross Stores also was the recipient of some unusual options trading on Monday. The stock has "Buy" rating by Roth Capital on Wednesday, August 12. This represents an increase of approximately 1,008% compared to the average daily volume of 678 put options. (NASDAQ:ROST). Moreover, Motco has 0.61% invested in Ross Stores, Inc.

The Dublin, CA-based discount clothing retailer reported Q2 earnings per share (EPS) of $0.82, which was $0.05 better than the Wall Street consensus estimate of $0.77. The business's revenue was up 7.0% on a year-over-year basis.

Ross Stores' earned $317 million, or 82 cents a share, in the quarter ended July 29, up 15% from $282 million, or 71 cents a share, in the year-ago period. Washington Tru Company owns 0.02% invested in Ross Stores, Inc. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.16 per share.

Among 3 analysts covering Ariana Resources PLC (LON:AAU), 2 have Buy rating, 0 Sell and 1 Hold. Ross Stores's dividend payout ratio is now 21.92%. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. The legal version of this report can be viewed at (ROST) on Thursday reported fiscal second-quarter earnings of $316.5 million. Royal Bank Of Canada set a $67.00 target price on Ross Stores and gave the company a "hold" rating in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a "sell" rating to a "hold" rating in a research note on Tuesday, May 16th. Morgan Stanley reiterated an "overweight" rating and issued a $69.00 price target on shares of Ross Stores in a research note on Monday, May 22nd. (NASDAQ:ROST), 8 rate it "Buy", 8 "Outperform", 9 "Underperform", 0 "Sell", while 0 "Hold". On Tuesday, December 20 the stock rating was maintained by Needham with "Strong Buy". The company has an average rating of "Hold" and an average price target of $69.41. Following the transaction, the director now directly owns 4,967 shares in the company, valued at $314,063.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Retirement Systems of Alabama now owns 190,510 shares of the apparel retailer's stock valued at $12,549,000 after buying an additional 2,542 shares during the last quarter.

ROST - the largest discount apparel retailer in the US with 1,340 stores - enjoys a moat due to its economies of scale, which enables it to employ an Amazon-resistant business model of selling top brand apparel at huge discounts, enabling it to keep pace with TJ Maxx on pricing and brand recognition while differentiating itself from rivals like Kohl's on quality, which do not offer the same caliber of name brands.