Hot Stocks Recap: Ross Stores (NASDAQ:ROST), Stein Mart (NASDAQ:SMRT)

Ross Stores, Inc (NASDAQ:ROST) announced a 2 percent boost in March similar store sales, evaluated against a 10 percent expansion previous year, with sales hiking 6 percent to $1.04 billion, from $980 million a year ago.

The Off-price retail chain also announced that it still projects a growth in the range of 5% to 6% in April similar store sales.

The company presently expects EPS to be slightly more than the high-end of its earlier range of $1.00 to $1.04 for the 13 weeks finished May 4, 2013.

At the current trading session, Ross Stores, Inc (NASDAQ:ROST) shares are up +7.29% to $64.63 while the stocks are trading within the range of $62.96 – $64.94. In the past year, the stock has traded within a range of $52.01 – $70.82. The current session’s volume of 2.92 million shares is higher from their average daily trading volume of 2.73 million shares.

Stein Mart, Inc (NASDAQ:SMRT) on Thursday announced a 2.8% drop in similar store sales for the month of March, evaluated against a decline of 0.3% a year ago.

But, fashion merchandise retailer reported total quarterly sales moved up 4.3% to $133 million from $127.5 million a year ago.

Similar store sales moved down 1.5% in the quarter-to-date 9 week period, while total sales moved up 4.8% to $218.2 million.

Stein Mart, Inc (NASDAQ:SMRT) shares are down -0.43% to $8.12 while the stock is trading within the range of $8.10 – $8.15 in the current trading session. In the last 12 months the shares have traded between $6.02 and $9.34. The current session’s volume of 2,375.00 shares is lower from their average daily trading volume of 43,470.00 shares.

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