Bridgewater Associates LP has increased its holdings in Ross Stores, Inc. (NASDAQ:ROST). It has released its third-quarter earnings report and updated its fourth-quarter guidance. The company's earnings per share (EPS) for the third-quarter jumped 11% to $1.48, however, sales growth slowed a bit. Ross Stores remains firm on its store expansion strategy. Reputable entities such as UBS ASSET MANAGEMENT and Fmr LLC have significantly invested in ROST stock. It paying a quarterly dividend of $0.3675 and operates 2,192 locations nationwide. The stock price is expected to face limited growth despite expected acceleration in Ross Stores' Same-Store-Sales (SSS). Nevertheless, Ross Stores shares performed better than broader market indicators. Several firms have increased their shareholding in Ross Stores, Inc. but some, like Lazard Freres Gestion S.A.S., have reduced their stake. The retail giant released its preview for Q3 earnings, indicating an anticipated EPS rise. Analyses show that ROST presents a strong growth and value stock. The company also announced leadership changes in its merchandising department and named James G. Conroy as its next CEO. Future challenges may include continued inflation, however, success is predicted with Ross's new CEO and branded strategy.
Ross Stores ROST News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:42:27 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -2
