Ross Stores +4.6% after blowout Q4 and capital allocation moves

• Ross Stores (NASDAQ:ROST) appears to have been a beneficiary of lower gas prices in the U.S. and the improved employment situation.
• Q4 revenue and profit estimates were easily topped by Ross off of a strong 6% comp.
• The company set FY15 EPS guidance at $4.60-$4.80 vs. $4.42 prior and $4.33 consensus.
• Investors also got a treat with the announcement of a new $1.4B stock buyback program and 18% dividend payout hike.
• ROSS +4.59% premarket to $103.60.