Large Outflow of Money Witnessed in Ross Stores, Inc.

Ross Stores, Inc. (ROST) traded on a positive note gaining 0.1 points or 0.15% to be valued at $66.21 per share. Intraday, the shares aggregated $2.18 million in upticks but saw an exodus of $4.05 million in downticks. The net money flow was calculated to be $(-1.87) million with the final up/down ratio coming in at 0.54. The share price has seen a change of 1.35% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.7 million in downticks. The net money flow for the block exchange was disappointing at $(-1.7) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Ross Stores, Inc. has dropped 0.12% in the last five trading days, however, the shares have posted positive gains of 0.43% in the last 4 weeks. Ross Stores, Inc. is up 5.55% in the last 3-month period. Year-to-Date the stock performance stands at 0.43%. Ross Stores, Inc. (NASDAQ:ROST) witnessed a decline in the market cap on Wednesday as its shares dropped 0.35% or 0.23 points. After the session commenced at $66.02, the stock reached the higher end at $66.32 while it hit a low of $65.48. With the volume soaring to 2,148,230 shares, the last trade was called at $65.88. The company has a 52-week high of $69.81. The company has a market cap of $25,965 million and there are 394,120,440 shares in outstanding. The 52-week low of the share price is $52.

Company has reported several Insider transactions to the SEC, on Oct 5, 2016, Gregory L Quesnel (director) sold 16,000 shares at 64.39 per share price.On Sep 26, 2016, James S Fassio (President, Chief Dev. Officer) sold 12,000 shares at 63.35 per share price.On Sep 26, 2016, Barbara Rentler (Chief Executive Officer) sold 12,840 shares at 63.76 per share price.

Ross Stores Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.56. The company had revenue of $3086.70 million for the quarter, compared to analysts expectations of $2955.88 million. The companys revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Telsey Advisory Group on Nov 18, 2016 to Market Perform, Raises Price Target to $ 70 from a previous price target of $68 .Company shares were Reiterated by Wedbush on Nov 18, 2016 to Outperform, Raises Price Target to $ 71 from a previous price target of $67 .Company shares were Reiterated by RBC Capital Mkts on Nov 18, 2016 to Sector Perform, Raises Price Target to $ 68 from a previous price target of $65 .

Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. The decisions of the company, from merchandising, purchasing and pricing, to the location of its stores, are aimed at this customer base. The company offers brand name and designer merchandise at low everyday prices, generally below regular prices of most department and specialty stores.


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