Ross Stores (NASDAQ:ROST) Profit Soars 23% in Fiscal Q4 on Sales Growth – ROST, CTRN, SMRT, TJX

The Pleasanton, California-based Ross Stores, Inc (NASDAQ:ROST) announced a profit for fiscal Q4 on Thursday that moved up 23% from previous year, showing a 5% sales expansion at established stores, higher margins and also supported by one extra week.

Apparel and home accessories retailer’s quarterly EPS matched analysts’ forecasts, while quarterly revenues surpassed their forecasts by a whisker.

Off-price retail chain announced net earnings of $236.60 million or $1.07 a share for fiscal Q4, more than $191.95 million or $0.85 a share in same quarter previous year.

Thomson Reuters 25 analysts survey on average forecasted to announce EPS of $1.07 in fiscal Q4.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Citi Trends, Inc. (NASDAQ:CTRN) fell -0.36% to settle at $10.99, Stein Mart, Inc. (NASDAQ:SMRT) moved down -1.15% to end at $8.61 while The TJX Companies, Inc. (NYSE:TJX) jumped +0.48% to finish at $45.61 on Thursday.

Ross Stores, Inc. (NASDAQ:ROST) on March 21, 2013 increased +3.36% to the closing price of $58.06. The overall volume in the last trading session was 4.51 million shares. Its fifty two weeks range was $52.01 – $70.82. The total market capitalization remained at $12.91 billion.

ROST is ahead of its 52-week low with 11.95% and lagging behind from its 52-week high price with -17.41%. ROST’s last month’s stock price volatility remained 2.42%. In its share capital ROST has 222.38 million outstanding shares, among them 217.86 million shares have been floated in market exchange. ROST’s stock’s institutional ownership remained 88.65% while insider ownership included 0.29%.

The stock price of ROST is moving forward from its 20 days moving average with 1.95% and remote positively from 50 days moving average with -0.19%. ROST’s current year’s earnings per share experienced an addition with 23.51% while its current quarter performance remained at 7.00%. Company’s beta coefficient included 0.75. Beta factors measure the amount of market risk associated with market trade.

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