Ross Stores beats Street 1Q forecasts

After a recent check, company stock has been trading near the $61.81 mark.

Additionally on 2/10/17 Susquehanna "Initiates Coverage On" Ross Stores Inc (NASDAQ:ROST) to Positive setting price target at $80 and on 9/30/16 Guggenheim "Initiates Coverage on" the stock to Buy. As per Tuesday, June 28, the company rating was downgraded by BMO Capital Markets.

The company's consensus rating is now Strong Buy, with 11 analysts rating it a Strong Buy, and 7 analysts rating it with a Hold. Note the stock price at publication ($69.6), since the technical rating is based on intraday stock prices. The stock exchanged hands 3.7 Million shares versus average trading capacity of 2.62 Million shares, yielding a market cap of $23.94 Billion. Moreover, Aviva Public Ltd Company has 0.25% invested in Nike Inc (NYSE:NKE) for 839,113 shares.

Leavell Investment Management Inc decreased Ross Stores Inc (ROST) stake by 21.74% reported in 2016Q4 SEC filing. For the last quarter, the stock has performed -10.32%. Shares are trading -5.45% below their 50-day moving average, and -5.16% below their 200-day moving average. (ROST) stock; watched recent volatility movements, they can see that shares have been recorded at 2.46% for the week, and 1.70% for the last month.

The average EPS estimate of 11 Wall Street analysts is $0.79 per share, compared to the company's reported EPS of $0.71 per share in the year-ago quarter. Going forward, the company expects adjusted EPS between 79 and 87 cents on revenue of $3.6 - $3.75 billion for the third quarter. Ross Stores Inc now has $24.10B valuation. The Caxton Associates Lp holds 180,000 shares with $9.15 million value, up from 150,000 last quarter.

For the second quarter ending July 29, 2017, Ross is forecasting same-store sales to be up 1% to 2%, on top of a 4% gain last year, with earnings per share of $.73 to $.76, up from $.71in the prior year period.

Analysis of expected and actual earnings for Ross Stores, Inc. Aqr invested in 1.65 million shares or 0.15% of the stock.

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $12.79 million activity. Ross Stores's dividend payout ratio is now 19.85%.

WARNING: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was stolen and republished in violation of US and global trademark and copyright legislation. In general, investors may be searching for stocks with the lowest combined MF Rank. The insider Morrow Brian R. sold 3,004 shares worth $189,725. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Following the completion of the transaction, the chief executive officer now directly owns 546,604 shares in the company, valued at $36,130,524.40. On Tuesday, March 21 CALL JOHN G sold $1.00 million worth of Ross Stores, Inc. The disclosure for this sale can be found here. Its share have plunged by -6.68% in percentage terms since the start of the year - and retreated -4.17% in the last month. The Hexavest Inc holds 203,090 shares with $8.83M value, up from 141,698 last quarter. $225,491 worth of Ross Stores, Inc. A negative earnings surprise will usually result in a decline in share price. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.

Analysts gives Ross Stores, Inc. A rating of 4 or 5 would indicate a consensus Sell. Finally, Capital One National Association raised its position in shares of Ross Stores by 1.7% in the third quarter. A price of $60 would put the P/E right around the average. As of January 28, 2017, the Company operated a total of 1,533 stores consisted of 1,340 Ross stores and 193 dd's DISCOUNTS stores.

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