Investors are expressing a strong mix of sentiments towards Ross Stores. Various asset management firms have either reduced or increased their holdings in Ross Stores. The reports including news of Yousif Capital Management and the State of Alaska Department of Revenue reducing their stock positions in the company while Triasima Portfolio Management and U.S. Capital Wealth Advisors boosted theirs. Despite the dip in sales reported in Q3, the company's stock has seen a rise. Ross Stores also announced new store openings, nationwide operations, a quarterly dividend, and leadership changes. Despite the slow down in sales amidst inflation, company's earnings have topped estimates. Ross Stores has been noted for its continual store expansions and strategic plans, which led to analysts categorizing it with prominent retail stocks. In terms of earnings, there has been strong EPS growth recorded. Morgan Stanley reaffirmed their equal weight rating on the company's stock. However, it should be noted that some insiders have sold off massive amounts of stock hinting at possible weaknesses.
Ross Stores ROST News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 08 Feb 2025 13:52:27 GMT - Rating 3 - Innovation -3 - Information 5 - Rumor -1
