Formidable Asset Management LLC Has $873000 Position in Ross Stores, Inc. (ROST)

Marco Green
June 26, 2017

The institutional investor owned 7,230 shares of the apparel retailer's stock after buying an additional 330 shares during the period.

More notable recent Ross Stores, Inc.

A number of other hedge funds have also added to or reduced their stakes in the stock. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Ross Stores during the first quarter worth $79,225,000. Everence Cap Mgmt stated it has 0.12% in Ross Stores, Inc. Company insiders own 2.30% of the company's stock. Aberdeen Asset Management PLC UK increased its position in Ross Stores by 1.1% in the first quarter.

While looking at the Stock's Performance, Ross Stores Inc. now shows a Weekly Performance of -8.11%, where Monthly Performance is -9.75%, Quarterly performance is -14.9%, 6 Months performance is -18.21% and yearly performance percentage is 2.83%. Investors will be looking to see if the stock rebounds or continues to move lower. Hsbc Plc has invested 0.06% in Ross Stores, Inc. (ROST) opened at 56.29 on Friday. Voloridge Investment Management Llc who had been investing in Ross Stores Inc for a number of months, seems to be bullish on the $21.37B market cap company. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -9.37% where SMA50 and SMA200 are -11.22% and -13.85% respectively. Ross Stores, Inc. (NASDAQ:ROST)'s price to free cash flow for trailing twelve months is 20.20. Traders acquired 5,918 put options on the company. This is an increase of 454% compared to the typical volume of 1,068 put options. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since June 22, 2016 and is uptrending. The apparel retailer reported $0.82 EPS for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.02.

In case of Revenue Estimates, 22 analysts have provided their consensus Average Revenue Estimates for Ross Stores Inc.as 3.37 Billion. Ross Stores had a return on equity of 46.60% and a net margin of 9.71%. Over the past full-year, Ross Stores, Inc. During the same quarter in the prior year, the business posted $0.73 earnings per share. Ross Stores now has a consensus rating of "Hold" and a consensus target price of $69.82. Also Globenewswire.com published the news titled: "Scorpio Tankers Announces Acquisition of Four LR1 Product Tankers from Navig8 ..." on June 15, 2017. Stockholders of record on Tuesday, June 6th will be given a $0.16 dividend. It has a dividend yield of 1.14%. The ex-dividend date is Friday, June 2nd. First Republic Investment Management Inc. increased its stake in shares of Ross Stores by 8.1% in the fourth quarter.

Several equities analysts have commented on ROST shares. If you are accessing this piece on another site, it was stolen and republished in violation of United States and global copyright law. Vanguard Group Inc. increased its stake in Ross Stores by 3.5% in the first quarter.

Some buy side analysts are also providing their Analysis on Ross Stores Inc., where 7 analysts have rated the stock as Strong buy, 8 analysts have given a Buy signal, 11 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

08/19/2016 - Ross Stores, Inc. had its "neutral" rating reiterated by analysts at UBS. Morgan Stanley reiterated an "overweight" rating and set a $69.00 price objective on shares of Ross Stores in a research report on Monday, May 22nd.

05/19/2017 - Ross Stores, Inc. had its "sector perform" rating reiterated by analysts at RBC Capital. Finally, BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a "hold" rating in a research note on Friday, May 19th. The rating was maintained by Telsey Advisory Group with "Market Perform" on Friday, November 18.

In other news, Director Michael J. Bush sold 8,762 shares of the stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $66.51, for a total transaction of $582,760.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. (NASDAQ:ROST) shares. $1.02M worth of stock was sold by GARRETT SHARON D on Monday, May 22.

In the transaction dated March 24, 2017, the great number of shares disposed came courtesy the Director; BUSH MICHAEL J disposed a total of 7,426 shares at an average price of $66.51, amounting to approximately $493,903. Following the sale, the director now directly owns 4,967 shares in the company, valued at approximately $314,063.41. The disclosure for this sale can be found here. The insider now directly owns 27,418 shares worth $1,534,585. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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