Why Ross Stores Is Among the Best Retailers Reporting This Quarter

The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/18/court-place-advisors-llc-increases-position-in-ross-stores-inc-rost-updated-updated-updated.html. Wells Fargo reinitiated the shares of ROST in report on Thursday, October 22 with "Outperform" rating. The stock increased 2.53% or $1.34 during the last trading session, reaching $54.37.

Several other institutional investors have also recently modified their holdings of ROST. Gulf International Bank UK Ltd boosted its position in shares of Ross Stores by 1.2% in the first quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer's stock worth $1,742,545,000 after buying an additional 25,137,186 shares in the last quarter.

Tcw Group Inc increased Ross Stores Inc (ROST) stake by 24.11% reported in 2016Q4 SEC filing. MA now owns 9,295,824 shares of the apparel retailer's stock worth $612,317,000 after buying an additional 146,423 shares during the last quarter. Wedgewood Partners Inc sold 313,154 shares as Ross Stores (ROST)'s stock declined 9.26%. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer's stock valued at $108,000 after buying an additional 776 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Ross Stores by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 5,141 shares of the apparel retailer's stock valued at $339,000 after buying an additional 41 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of Ross Stores during the first quarter worth about $79,225,000. 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. As of January 28, 2017, the Company owned and operated six distribution processing facilities-three in California, one in Pennsylvania, and two in SC. The reason is that high fixed costs business like ROST, which operates more than 1.5k stores, have margins significantly tied to realized per unit fixed costs.

Shares last traded at $53.33 which is slightly below the 50 day moving average which is $55.26 and which is well below the 200 day moving average of $62.21.

Ross Stores, Inc.'s P/E ratio is 18.27 and market capitalization is 20.76B.

Recent Insider Trading for Ross Stores, Inc. Stock traders purchased 7,510 put options on the stock. Comparable-store sales were up 4% on top of 4% growth a year ago, the company said in a statement. The dividend was $0.160 per share for the quarter or $0.64 annualized. The firm had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $3.37 billion. Analysts polled by FactSet had expected earnings of 76 cents a share on sales of $3.37 billion. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. As of the latest earnings report the EPS was $2.92 and is projected to be $3.16 for the current year with 389,182,000 shares now outstanding. The company also recently declared a dividend that was paid on Friday June 30th, 2017. Stockholders of record on Thursday, September 7th will be given a dividend of $0.16 per share. Ross Stores's dividend payout ratio is 21.92%.

ILLEGAL ACTIVITY NOTICE: "Aperio Group LLC Decreases Stake in Ross Stores, Inc". (NASDAQ:ROST) rating on Friday, August 19. If you are reading this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation.

Ross stores, the california-based retailer before their second quarter earnings on Thursday after the market closed at 4 p.m.

ROST has been the subject of several recent research reports. Standpoint Research downgraded Citigroup Inc (NYSE:C) on Tuesday, January 10 to "Hold" rating. Morgan Stanley reissued an "overweight" rating and set a $69.00 target price on shares of Ross Stores in a research note on Monday, May 22nd. They noted that the move was a valuation call. The ex-dividend date of this dividend is Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of "Hold" and an average target price of $69.50. GARRETT SHARON D sold $1.02 million worth of stock. The shares were sold at an average price of $63.23, for a total value of $1,019,899.90.

Vanessa Coleman

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