Ross Stores: Another Win For Off-Price Retailers

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

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

For the quarter, shares have been noted at -21.42%.

The stock decreased 1.91% or $1.04 during the last trading session, reaching $53.33. Landscape Capital Management Llc sold 40,586 shares as Ross Stores Inc (ROST)'s stock declined 9.26%. Mn Services Vermogensbeheer B.V. now owns 10,576 shares of the apparel retailer's stock valued at $651,000 after buying an additional 234 shares during the last quarter. This number lands on a scale from 1 to 5. State Street Corp now owns 17,886,365 shares of the apparel retailer's stock worth $1,178,183,000 after buying an additional 173,336 shares during the last quarter. (NASDAQ:ROST). Moreover, Westover Capital Advsr Ltd Co has 0.35% invested in Ross Stores, Inc. Marshall Wace North America L.P. bought a new stake in shares of Ross Stores during the first quarter worth about $79,225,000. Chevy Chase Trust Holdings Inc. now owns 341,873 shares of the apparel retailer's stock valued at $22,519,000 after buying an additional 8,038 shares in the last quarter. The institutional investor owned 10,356 shares of the apparel retailer's stock after selling 380 shares during the period. Based on a recent bid, the stock is trading -23.61% away from its 52-week high and 0.91% away from its 52 week low.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 17th. Shares of L Brands Inc. dropped 3.6% Thursday after the parent of Victoria's Secret cut its earnings forecast late Wednesday. Ross Stores, Inc. The company has a market cap of $21.16 billion, a PE ratio of 18.63 and a beta of 1.10. Ross Stores, Inc. The company's 50 day moving average is $55.13 and its 200-day moving average is $62.15. $3.34 million worth of Ross Stores, Inc.

For the second quarter ended July 29, Ross Stores posted net earnings of $316.5 million, or 82 cents per diluted share, versus $281.9 million, or 71 cents per diluted share, in the period a year earlier. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. The business's revenue was up 7.0% on a year-over-year basis. Next quarter's EPS is expected be $0.67 and the next full year EPS is projected to be $3.46. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.16 per share.

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.

05/19/2017 - Ross Stores, Inc. had its "overweight" rating reiterated by analysts at Morgan Stanley.

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ROST has been the subject of several recent research reports. Finally, BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the stock a "hold" rating in a report on Friday, May 19th. (NYSE:C), 17 have Buy rating, 3 Sell and 12 Hold. RBC Capital Markets maintained it with "Sector Perform" rating and $56 target in Friday, May 20 report. Ross Stores now has a consensus rating of "Hold" and an average price target of $69.41. Zacks Investment Research lowered shares of Ross Stores from a "hold" rating to a "sell" rating in a research report on Tuesday, May 2nd.

Among 9 analysts covering NeoPhotonics (NYSE:NPTN), 7 have Buy rating, 0 Sell and 2 Hold. The company presently has an average rating of "Hold" and a consensus price target of $69.45.

In related news, Director Sharon D. Garrett sold 16,130 shares of the firm's stock in a transaction that occurred on Friday, May 26th. Following the sale, the director now owns 4,967 shares of the company's stock, valued at approximately $314,063.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The Minnesota-based Riverbridge Partners Llc has invested 2.58% in the stock.

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