$0.80 EPS Expected for Ross Stores, Inc. (ROST)


Goldman Sachs Group has invested 0.12% in Ross Stores, Inc. Boston Advsrs Ltd Limited Liability Company reported 368,171 shares. Wedgewood Partners Inc, a Missouri-based fund reported 1.84 million shares.#img1#. The firm owned 5,127,361 shares of the apparel retailer's stock after selling 14,722 shares during the period.

Before that, quarter ending October 2016, Ross Stores, Inc. also surprised analysts by beating the consensus estimate. The Alphamark Advisors Llc holds 57,916 shares with $3.80 million value, down from 64,127 last quarter. Corporate insiders own 2.40% of the company's stock.

Among 17 analysts covering Ross Stores Inc. (NASDAQ:ROST) traded down 0.73% on Thursday, hitting $61.07. Hexavest Inc acquired 61,392 shares as Magna Intl Inc (MGA)'s stock 0.00%. The company has market cap of $23.78 billion.

Ross Stores Inc. (ROST) traded with the volume of 8.8 Million shares while its average 3 months volume is at 2520 shares. The apparel retailer reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.02. The business had revenue of $3.51 billion for the quarter, compared to analysts' expectations of $3.46 billion. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 11.02%, annually. Its revenue stood at 8.40% a year on average in the period of last five years. -EPS Growth (Y-o-Y): 12.3% -Analysts Estimate: $0.80 -Revenue (Q1): $3.31 Bln vs. $3.09 Bln a year ago. Shareholders of record on Tuesday, June 6th will be paid a dividend of $0.16 per share. A recommendation of 1 or 2 would represent a consensus Buy. The ex-dividend date is Friday, June 2nd. 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. "(ROST) Position Decreased by Somerset Trust Co" was originally posted by Markets Daily and is owned by of Markets Daily. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/05/18/ross-stores-inc-rost-position-cut-by-washington-trust-bank-updated-updated-updated.html.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

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03/01/2017 - Ross Stores, Inc. had its "hold" rating reiterated by analysts at Jefferies. The target implies a 993.75% spike from where the shares are now trading. Finally, Wedbush increased their price objective on shares of Ross Stores from $71.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, March 1st.

Ross Stores Inc. was covered by a number of analysts recently, 7 rated the stock as Buy, 8 rated Outperform, 11 rated Hold, 0 gave an Underperform and 0 rated sell.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

In related news, insider Brian R. Morrow sold 3,004 shares of Ross Stores stock in a transaction on Friday, April 7th. The shares were sold at an average price of $66.10, for a total transaction of $3,336,794.10. Following the completion of the transaction, the chairman now directly owns 145,666 shares in the company, valued at approximately $9,801,865.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. $3.34 million worth of Ross Stores, Inc. Following the transaction, the vice president now directly owns 67,686 shares in the company, valued at approximately $4,530,900.84. The disclosure for this sale can be found here. This was up from $290.63 million, or $0.73 per share, in last year's first quarter. The Firm offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company operates Ross Dress for Less ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,363 locations in 37 states, the District of Columbia and Guam as of April 29, 2017.