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Ross Stores Executive Summary

469 Words2 Pages

Off price retailer Ross stores Inc. is poised well backed by solid earnings trend, effective merchandising initiatives and store growth potential. Today reported earnings per share for the third quarter ended October 29, 2016 of $.62, a 17% increase on top of a robust 15% gain in the prior year. Net earnings grew to $245 million, up from $216 million last year. 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. For the first nine months of fiscal 2016, earnings per share were $2.06, up 11% on top of a 15% increase last year. Net earnings were $817 million, up from $757 million in the prior year. Sales for the first nine months of 2016 rose 8% to $9.4 billion, with comparable store sales up 4% on top of a 4% gain in 2015. The market of Ross Stores Inc in today’s market turning into lucrative shares. The company’s target price was set to 66.52 with IPO date of 7/9/1986. …show more content…

Underwriter may offer and sell securities at fixed price or market price. Underwriters and dealers receive compensation in forms of discounts, commissions from the purchases Shares also sold in block transactions in which broker sells the portion of the shares and also positions and resells the portion of the securities. Or transactions where securities purchased by dealer-broker as principal and resale for its own account for future supplement. Special offering, in secondary market, distribution in accordance to secondary market rules. Sales involving market makers or established trading markets, including direct sales to purchasers. Ross Stores' annual sales have risen more than 40% since 2011 thanks to rapid store expansion and steady same-store sale growth of between 3% and 6% per

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