Jefferies Raises Price Target on Ross Stores (ROST) to $59; Reiterates Hold
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November 17, 2016 6:21 PM EST
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HRG Group, Inc. (NYSE: HRG) 11% HIGHER; announced that Omar Asali, President and Chief Executive Officer of HRG, plans to leave the Company in the second half of fiscal 2017 to establish a private investment vehicle that will make long-term investments in private and public companies. The Company also announced today that its Board of Directors has initiated a process to explore the strategic... More
November 17, 2016 4:04 PM EST
Ross Stores (NASDAQ: ROST) reported Q3 EPS of $0.62, $0.06 better than the analyst estimate of $0.56. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $2.96 billion.
Sales for the 2016 third quarter rose 11% to $3.1 billion, with comparable store sales up 7% versus a 3% gain in the prior year.
GUIDANCE:
Ross Stores sees FY2016 EPS of $2.78-$2.81, versus the consensus of $2.75.
Barbara Rentler, Chief... More
November 17, 2016 6:17 AM EST
Ross Stores (NASDAQ: ROST) declared a quarterly dividend of $0.135 per share, or $0.54 annualized.
The dividend will be payable on December 30, 2016, to stockholders of record on December 7, 2016, with an ex-dividend date of December 5, 2016.
The annual yield on the dividend is 0.8... More
