Manhattan West Asset Management LLC Invests $13.22 Million in Ross Stores, Inc. (NASDAQ:ROST)
From MarketBeat:
Manhattan West Asset Management LLC recently acquired 115,506 shares of Ross Stores, Inc. valued at $13,215,000. The company now accounts for 4.0% of the investment portfolio, ranking as its 3rd biggest holding. The trade resulted in Ross Stores’ stock moving up by 0.1%.
Analysts forecast that Ross Stores, Inc. will post $5.36 EPS for the current fiscal year. The company reported revenue of $4.92 billion during the previous quarter, up 7.9% year-over-year. Ross Stores also issued a quarterly dividend of $0.335 per share.
Currently, the company has a consensus rating of “Moderate Buy” and an average price target of $131.05. The stock has been rated by one analyst as a sell, two as a hold, and fifteen as a buy.
Ross Stores, Inc. operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names. The company’s stores primarily offer apparel, accessories, footwear, and home fashions.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Top-rated analysts have believed that the five stocks they are quietly whispering to their clients are better buys than Ross Stores at this time. Check out what they think.
Read more: Manhattan West Asset Management LLC Invests $13.22 Million in Ross Stores, Inc. (NASDAQ:ROST)