The stock of Ross Stores, Inc. (NASDAQ:ROST) is a huge mover today! About 2.82M shares traded hands or 9.30% up from the average. Ross Stores, Inc. (NASDAQ:ROST) has risen 13.43% since April 18, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.
The move comes after 7 months positive chart setup for the $27.69 billion company. It was reported on Nov, 18 by Barchart.com. We have $102.74 PT which if reached, will make NASDAQ:ROST worth $14.12B more.
Ross Stores, Inc. (NASDAQ:ROST) Ratings Coverage
Out of 16 analysts covering Ross Stores Inc. (NASDAQ:ROST), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. Ross Stores Inc. has been the topic of 32 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Buy” rating given on Wednesday, October 7 by Citigroup. The rating was maintained by UBS on Friday, May 20 with “Neutral”. The company was initiated on Friday, November 6 by RBC Capital Markets. Wedbush maintained the stock with “Outperform” rating in Friday, November 20 report. As per Wednesday, May 11, the company rating was downgraded by Piper Jaffray. On Wednesday, March 2 the stock rating was upgraded by M Partners to “Buy”. The firm has “Buy” rating by Miller Tabak given on Friday, June 24. Citigroup maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Monday, August 22. Citigroup has “Buy” rating and $72 price target. Bernstein maintained the stock with “Market Perform” rating in Wednesday, March 2 report. The stock has “Outperform” rating given by Cowen & Co on Friday, May 20.
According to Zacks Investment Research, “Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. The decisions of the company, from merchandising, purchasing and pricing, to the location of its stores, are aimed at this customer base. The company offers brand name and designer merchandise at low everyday prices, generally below regular prices of most department and specialty stores.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.09, from 0.93 in 2016Q1. The ratio is negative, as 60 funds sold all Ross Stores, Inc. shares owned while 226 reduced positions. 56 funds bought stakes while 211 increased positions. They now own 350.06 million shares or 0.67% less from 352.42 million shares in 2016Q1.
Todd Asset Mngmt Ltd Llc holds 0.43% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 240,065 shares. The Massachusetts-based Putnam Invests Lc has invested 0% in Ross Stores, Inc. (NASDAQ:ROST). Citadel Advisors Lc holds 4,726 shares or 0% of its portfolio. Morgan Stanley last reported 0.04% of its portfolio in the stock. Roosevelt Investment Gp has invested 0.75% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Korea Corporation, a Korea-based fund reported 167,900 shares. Dana Investment Advsr has 89,250 shares for 0.22% of their US portfolio. Tiaa Cref Limited Liability Co last reported 0.08% of its portfolio in the stock. Moreover, Mycio Wealth Prtnrs Limited Liability Corp has 0% invested in Ross Stores, Inc. (NASDAQ:ROST) for 25 shares. Wesbanco Comml Bank last reported 21,200 shares in the company. Congress Asset Management Communication Ma holds 0% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 3,720 shares. Cap Advsr Ltd Llc has 0% invested in the company for 176 shares. Decatur Mgmt holds 1.76% or 229,775 shares in its portfolio. Eaton Vance Mgmt last reported 208,491 shares in the company. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 68,553 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 6 selling transactions for $17.50 million net activity. RENTLER BARBARA sold $1.25 million worth of stock or 20,000 shares. FASSIO JAMES S also sold $760,200 worth of Ross Stores, Inc. (NASDAQ:ROST) on Thursday, September 22. QUESNEL GREGORY L also sold $1.03M worth of Ross Stores, Inc. (NASDAQ:ROST) on Monday, October 3. The insider BALMUTH MICHAEL sold 194,984 shares worth $10.42 million. 56,000 shares were sold by ORBAN GEORGE, worth $3.22M on Friday, July 8.
More news for Ross Stores, Inc. (NASDAQ:ROST) were recently published by: Nasdaq.com, which released: “Ross Stores Inc. Reveals 13% Gain In Q3 Profit” on November 17, 2016. Forbes.com‘s article titled: “December 16th Options Now Available For Ross Stores (ROST)” and published on October 24, 2016 is yet another important article.
ROST Company Profile
Ross Stores, Inc., incorporated on March 29, 1989, is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Firm and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam. Ross’ target clients are primarily from middle income households.
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