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Royal Bank Cuts Ross Stake Amid Strong Earnings

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CAD
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Royal Bank of Canada sold 130,703 shares of Ross Stores in the first quarter, reducing its stake by 5.6%.

The bank now owns approximately 2,212,512 shares of ROST stock, valued at $479,295,000 as of its most recent filing with the SEC.

This disclosure comes on the heels of Ross Stores' quarterly earnings report, where the apparel retailer beat analysts' consensus estimates by $0.29 per share.

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