Analysts at Jefferies Kept the Same their Past ‘Hold’ rating on Shares Ross Stores (NASDAQ:ROST), Set a $63.0 Target Price per Share

September 17, 2017 - By Adrian Erickson

 Analysts at Jefferies Kept the Same their Past ‘Hold’ rating on Shares Ross Stores (NASDAQ:ROST), Set a $63.0 Target Price per Share

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.24, from 0.84 in 2016Q3. It is positive, as 41 investors sold Ross Stores, Inc. shares while 240 reduced holdings. 106 funds opened positions while 198 raised stakes. 341.62 million shares or 0.09% more from 341.30 million shares in 2016Q3 were reported.

State Board Of Administration Of Florida Retirement owns 571,643 shares for 0.11% of their portfolio. Commonwealth Comml Bank Of Australia invested in 25,931 shares. Edgestream Ptnrs L P accumulated 10,661 shares. Bingham Osborn Scarborough Lc invested in 0.05% or 7,592 shares. Tiverton Asset Mngmt Ltd Llc invested in 185,835 shares or 0.72% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.05% or 79,358 shares in its portfolio. First Fincl Bank has 0.21% invested in Ross Stores, Inc. (NASDAQ:ROST). Palisade Capital Ltd Company Nj holds 0.19% or 76,721 shares in its portfolio. Parametric Associates Ltd invested 0.1% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Wedgewood Partners stated it has 2.95% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Btim reported 972,014 shares or 1.02% of all its holdings. Jarislowsky Fraser Ltd holds 0% or 8,000 shares. Meiji Yasuda Asset Com Ltd reported 17,489 shares. Lpl Financial Lc owns 11,348 shares. Wesbanco Retail Bank Inc holds 0.17% or 45,200 shares in its portfolio.

Since March 20, 2017, it had 0 insider purchases, and 6 selling transactions for $7.51 million activity. 3,004 shares were sold by Morrow Brian R., worth $189,725. Hartshorn Michael J. had sold 3,360 shares worth $225,491 on Monday, March 20. $493,883 worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by BUSH MICHAEL J on Thursday, March 23. On Monday, May 22 the insider GARRETT SHARON D sold $1.02 million. Panattoni Lisa R sold $989,330 worth of stock or 14,792 shares. Brautigan Bernard G. also sold $1.88 million worth of Ross Stores, Inc. (NASDAQ:ROST) shares. 50,481 shares were sold by RENTLER BARBARA, worth $3.34 million.

Ross Stores (NASDAQ:ROST) Rating Reaffirmed

Research analysts at Jefferies now has a $63.0 target price per share on Ross Stores (NASDAQ:ROST). Jefferies and their recent target price per share indicates a potential upside of 3.77 % from the company’s current stock price. The rating has been revealed to clients and investors in a research note on 12 September.

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.24, from 0.84 in 2016Q3. It is positive, as 41 investors sold Ross Stores, Inc. shares while 240 reduced holdings. 106 funds opened positions while 198 raised stakes. 341.62 million shares or 0.09% more from 341.30 million shares in 2016Q3 were reported.

State Board Of Administration Of Florida Retirement owns 571,643 shares for 0.11% of their portfolio. Commonwealth Comml Bank Of Australia invested in 25,931 shares. Edgestream Ptnrs L P accumulated 10,661 shares. Bingham Osborn Scarborough Lc invested in 0.05% or 7,592 shares. Tiverton Asset Mngmt Ltd Llc invested in 185,835 shares or 0.72% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.05% or 79,358 shares in its portfolio. First Fincl Bank has 0.21% invested in Ross Stores, Inc. (NASDAQ:ROST). Palisade Capital Ltd Company Nj holds 0.19% or 76,721 shares in its portfolio. Parametric Associates Ltd invested 0.1% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Wedgewood Partners stated it has 2.95% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Btim reported 972,014 shares or 1.02% of all its holdings. Jarislowsky Fraser Ltd holds 0% or 8,000 shares. Meiji Yasuda Asset Com Ltd reported 17,489 shares. Lpl Financial Lc owns 11,348 shares. Wesbanco Retail Bank Inc holds 0.17% or 45,200 shares in its portfolio.

Since March 20, 2017, it had 0 insider purchases, and 6 selling transactions for $7.51 million activity. 3,004 shares were sold by Morrow Brian R., worth $189,725. Hartshorn Michael J. had sold 3,360 shares worth $225,491 on Monday, March 20. $493,883 worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by BUSH MICHAEL J on Thursday, March 23. On Monday, May 22 the insider GARRETT SHARON D sold $1.02 million. Panattoni Lisa R sold $989,330 worth of stock or 14,792 shares. Brautigan Bernard G. also sold $1.88 million worth of Ross Stores, Inc. (NASDAQ:ROST) shares. 50,481 shares were sold by RENTLER BARBARA, worth $3.34 million.

Ross Stores, Inc. (NASDAQ:ROST) Ratings Coverage

Among 20 analysts covering Ross Stores Inc. (NASDAQ:ROST), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Ross Stores Inc. has $80 highest and $52 lowest target. $66.53’s average target is 9.59% above currents $60.71 stock price. Ross Stores Inc. had 50 analyst reports since August 21, 2015 according to SRatingsIntel. Citigroup downgraded the stock to “Neutral” rating in Wednesday, March 1 report. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, August 8 report. On Friday, February 10 the stock rating was initiated by Susquehanna with “Positive”. Telsey Advisory Group maintained the shares of ROST in report on Wednesday, March 1 with “Market Perform” rating. Goldman Sachs maintained Ross Stores, Inc. (NASDAQ:ROST) on Friday, August 19 with “Neutral” rating. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Thursday, October 22 by Wells Fargo. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, May 20. On Friday, November 6 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The stock has “Neutral” rating by M Partners on Thursday, September 17. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, August 19.

The stock increased 0.18% or $0.11 on September 15, reaching $60.71. About 3.53 million shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since September 17, 2016 and is uptrending. It has underperformed by 4.67% the S&P500.

Analysts expect Ross Stores, Inc. (NASDAQ:ROST) to report $0.67 EPS on November, 16.They anticipate $0.05 EPS change or 8.06 % from last quarter’s $0.62 EPS. ROST’s profit would be $258.35M giving it 22.65 P/E if the $0.67 EPS is correct. After having $0.82 EPS previously, Ross Stores, Inc.’s analysts see -18.29 % EPS growth.

Ross Stores, Inc. and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less and dd’s DISCOUNTS. The company has market cap of $23.41 billion. The Firm is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017. It has a 20.01 P/E ratio. The Firm offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day.

More notable recent Ross Stores, Inc. (NASDAQ:ROST) news were published by: Prnewswire.com which released: “Ross Stores Donates $400000 To American Red Cross For Hurricane Harvey Relief …” on August 30, 2017, also Benzinga.com with their article: “TJX Companies, Ross Stores Can Each Continue To Grow Despite Competition” published on September 12, 2017, Nasdaq.com published: “Ex-Dividend Reminder: TEGNA, Ross Stores and GameStop” on September 05, 2017. More interesting news about Ross Stores, Inc. (NASDAQ:ROST) were released by: Latimes.com and their article: “We know which companies sell clothes made by sweatshop workers. Consumers …” published on September 08, 2017 as well as Seekingalpha.com‘s news article titled: “Ross Stores: Rally Time Again?” with publication date: September 05, 2017.

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