Ross Stores, Inc. (ROST) Is An Earnings Contender


Shares of Ross Stores Inc. After a recent check, company stock has been trading near the $61.81 mark. Guardian Life Insurance Co. of America raised its stake in shares of Ross Stores by 0.7% in the first quarter. However, a cautious outlook for fiscal 2017 raises concerns. Net earnings grew to $321 million, compared to $291 million in the prior year. "Further, threats of stiff competition and cannibalization remain". The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. As per Monday, August 22, the company rating was maintained by Citigroup.

For the discounters, physical space has maintained its appeal in part due to what the industry calls the in-store "treasure hunt" - that is, when customers walk in looking for a bargain and find a deal they didn't expect. With the current EPS in mind, the traders can be fully aware of the company's profitability condition. Out of 17 Wall Street analysts rating Ross Stores Inc., 8 give it "Buy", 1 "Sell" rating, while 8 recommend "Hold". The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.83 on scale of 1-5.

The biggest institutional shareholders in Ross Stores, Inc. include Vanguard Group Inc which owns 34 million shares in the company valued at $2.25 B million. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. The current share price indicate that stock is -32.07% away from its one year high and is moving 56.46% ahead of its 52-week low. The firm has a 50-day moving average of $64.13 and a 200-day moving average of $65.95.

Heading into the earnings release, covering analysts have a consensus target price of $73.09 on Ross Stores, Inc. shares.

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Ross Stores, which runs Ross and dd's Discounts chains, on Thursday reported that Q1 sales rose 7% to $3.3 billion, and that same-store sales in the period rose 3%. The stock went down -10.32% at some stage in past quarter. (ROST) has an Average Brokerage Recommendation (ABR) of 1.78, according to data compiled by Zacks Investment Research. If you are accessing this news story on another website, it was illegally copied and republished in violation of U.S. and global trademark and copyright legislation. (NASDAQ:ROST). Currently, the company has an MF Rank of 1538. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.16 per share.

Since March 10, 2017, it had 0 buys, and 10 sales for $12.79 million activity.

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.

Over the past year, Ross Stores, Inc.

Based on recent analysis, Ross Stores, Inc. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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In other news, VP Michael J. Hartshorn sold 9,585 shares of Ross Stores stock in a transaction that occurred on Friday, March 10th. 2 Nike Inc (NYSE:NKE) shares with value of $111 were sold by SPRUNK ERIC D. Following the completion of the transaction, the vice president now directly owns 67,686 shares of the company's stock, valued at $4,530,900.84. The disclosure for this sale can be found here.

Earnings-per-share (EPS) ratio for ROST is 2.83, exhibiting the allocation of the profit to each of its outstanding share of common stock.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Investors measure stock performance on the basis of a company's earnings power.

Ross Stores, Inc. had its "buy" rating reiterated by analysts at Instinet. Vanguard Group Inc. now owns 35,460,595 shares of the apparel retailer's stock worth $2,335,790,000 after buying an additional 1,208,861 shares during the period.

Since the start of the New Year, Ross Stores, Inc. First Comml Bank Of Hutchinson, Kansas-based fund reported 9,076 shares. Price T Rowe Associates Inc. The relative volume of the stock is 3.5, while its market cap is $25.11 Billion. Parallel Advisors LLC increased its position in shares of Ross Stores by 39.1% in the first quarter. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. Massachusetts Financial Services Co. Also, CEO Barbara Rentler sold 50,481 shares of the firm's stock in a transaction that occurred on Wednesday, March 22nd.

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