Unusual Activity Sighted in Ross Stores, Inc. (NASDAQ:ROST) Shares

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

The fund owned 73,569 shares of the apparel retailer's stock after selling 410 shares during the period. Its investment stood at $2,345,000 a decrease of $152,000 as of quarter end.

Other large investors have also recently modified their holdings of the company. Landscape Capital Management Llc sold 40,586 shares as Ross Stores Inc (ROST)'s stock declined 9.26%.

According to Financial Times, The 21 analysts offering 12 month price targets for Ross Stores, Inc. have a median target of 72.00, with a high estimate of 80.00 and a low estimate of 63.00. Another trade for 16,130 shares valued at $1.02M was sold by GARRETT SHARON D. Brautigan Bernard G. had sold 28,434 shares worth $1.88M. Creative Planning boosted its position in shares of Ross Stores by 6.4% in the first quarter. For the quarter, shares have been noted at -12.67%. Finally, Retirement Systems of Alabama raised its position in shares of Ross Stores by 1.4% in the first quarter. Nationwide Fund Advisors now owns 676,207 shares of the apparel retailer's stock valued at $44,542,000 after buying an additional 182,502 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Ross Stores by 3.4% in the second quarter. National Pension Service now owns 355,177 shares of the apparel retailer's stock worth $23,658,000 after buying an additional 14,712 shares during the period. Goldman Sachs downgraded Ross Stores, Inc. (NASDAQ ROST) opened at 53.33 on Friday. The company's 50 day moving average price is $55.13 and its 200 day moving average price is $62.15.

Among 6 analysts covering Ross Stores Inc. RENTLER BARBARA also sold $3.34 million worth of Ross Stores, Inc. Traders purchased 12,143 call options on the stock. This represents an increase of approximately 1,039% compared to the average daily volume of 1,066 call options.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 18th.

Revenues rose 7.9% from past year to $3.43 billion, also beating analysts' view for $3.37 billion. Ross Stores's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share.

Ross Stores reported second-quarter revenue of $3.43 billion, up 8% year over year and $60 million higher than the average analyst estimate.

On 8/16/2017 announced a quarterly dividend of $0.16 with an ex dividend date of which will be payable on 9/7/2017.

Among 4 analysts covering Eros International (NYSE:EROS), 3 have Buy rating, 0 Sell and 1 Hold. The stock of Ross Stores, Inc.

ILLEGAL ACTIVITY WARNING: This news story was first reported by StockNewsTimes and is owned by of StockNewsTimes. (NDAQ:ROST), 3 have Buy rating, 0 Sell and 3 Hold. If you are reading this piece on another website, it was stolen and reposted in violation of United States & global trademark and copyright law.

Not only the dividends have been rising steadily, ROST has been buying back shares, offsetting the impact of equity dilution. Wedgewood Partners Inc sold 313,154 shares as Ross Stores (ROST)'s stock declined 9.26%. Telsey Advisory Group upgraded shares of Ross Stores from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a research note on Friday, July 14th. DA Davidson initiated NeoPhotonics Corp (NYSE:NPTN) rating on Friday, June 30.

Shares of Ross Stores, Inc. are presently 10.16% off the 52 week low. $64.68's average target is 9.81% above currents $58.9 stock price. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Institutional investors own 90.20% of the company's stock.

Ross Stores, Inc., launched on March 29, 1989, and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd's DISCOUNTS. The Firm is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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