New York: Ross Stores (NASDAQ:ROST) Stock Has Just Had Its “Hold” Rating Reiterated by Jefferies. Shares now Have a $63.0 Target

September 17, 2017 - By reb123z

 New York: Ross Stores (NASDAQ:ROST) Stock Has Just Had Its

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.24, from 0.84 in 2016Q3. It improved, 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.

Hillsdale Investment Management Incorporated has invested 0.06% in Ross Stores, Inc. (NASDAQ:ROST). Ntv Asset Mngmt Limited Liability holds 0.07% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 3,316 shares. Schwartz Invest Counsel holds 1.07% or 234,850 shares. Jefferies Grp Inc Ltd has 0.05% invested in Ross Stores, Inc. (NASDAQ:ROST). Guernsey-based Bluecrest Cap Limited has invested 0.33% in Ross Stores, Inc. (NASDAQ:ROST). Zebra Capital Limited reported 28,731 shares or 0.57% of all its holdings. Jackson Wealth Mngmt Ltd invested in 1.1% or 41,883 shares. Piedmont Advisors Ltd Llc invested in 0% or 94,583 shares. Joel Isaacson And Ltd Liability owns 26,755 shares or 0.35% of their US portfolio. The Texas-based King Luther Capital Management has invested 0.02% in Ross Stores, Inc. (NASDAQ:ROST). 30,539 were reported by Sumitomo Mitsui Asset. Architects has invested 0.12% in Ross Stores, Inc. (NASDAQ:ROST). New York-based Hudson Bay Management Limited Partnership has invested 0.06% in Ross Stores, Inc. (NASDAQ:ROST). Bbva Compass National Bank holds 0.01% or 2,566 shares in its portfolio. Mu Investments Ltd holds 3.34% or 67,100 shares in its portfolio.

Since March 20, 2017, it had 0 insider purchases, and 6 insider sales for $7.51 million activity. Shares for $1.00 million were sold by CALL JOHN G on Tuesday, March 21. Shares for $989,330 were sold by Panattoni Lisa R on Monday, March 20. Hartshorn Michael J. had sold 3,360 shares worth $225,491. RENTLER BARBARA sold $3.34 million worth of stock or 50,481 shares. Another trade for 16,130 shares valued at $1.02M was sold by GARRETT SHARON D. Shares for $189,725 were sold by Morrow Brian R. on Friday, April 7. 28,434 Ross Stores, Inc. (NASDAQ:ROST) shares with value of $1.88 million were sold by Brautigan Bernard G..

Ross Stores (NASDAQ:ROST) Rating Reaffirmed

Recently, In a research note shared with investors on 12 September, Ross Stores (NASDAQ:ROST) shares have had their “Hold” Rating reconfirmed by research professionals at Jefferies, who currently has a $63.0 PT on company. This target by Jefferies gives the possibile upside of 3.77 % from the last stock close price.

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.24, from 0.84 in 2016Q3. It improved, 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.

Hillsdale Investment Management Incorporated has invested 0.06% in Ross Stores, Inc. (NASDAQ:ROST). Ntv Asset Mngmt Limited Liability holds 0.07% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 3,316 shares. Schwartz Invest Counsel holds 1.07% or 234,850 shares. Jefferies Grp Inc Ltd has 0.05% invested in Ross Stores, Inc. (NASDAQ:ROST). Guernsey-based Bluecrest Cap Limited has invested 0.33% in Ross Stores, Inc. (NASDAQ:ROST). Zebra Capital Limited reported 28,731 shares or 0.57% of all its holdings. Jackson Wealth Mngmt Ltd invested in 1.1% or 41,883 shares. Piedmont Advisors Ltd Llc invested in 0% or 94,583 shares. Joel Isaacson And Ltd Liability owns 26,755 shares or 0.35% of their US portfolio. The Texas-based King Luther Capital Management has invested 0.02% in Ross Stores, Inc. (NASDAQ:ROST). 30,539 were reported by Sumitomo Mitsui Asset. Architects has invested 0.12% in Ross Stores, Inc. (NASDAQ:ROST). New York-based Hudson Bay Management Limited Partnership has invested 0.06% in Ross Stores, Inc. (NASDAQ:ROST). Bbva Compass National Bank holds 0.01% or 2,566 shares in its portfolio. Mu Investments Ltd holds 3.34% or 67,100 shares in its portfolio.

Since March 20, 2017, it had 0 insider purchases, and 6 insider sales for $7.51 million activity. Shares for $1.00 million were sold by CALL JOHN G on Tuesday, March 21. Shares for $989,330 were sold by Panattoni Lisa R on Monday, March 20. Hartshorn Michael J. had sold 3,360 shares worth $225,491. RENTLER BARBARA sold $3.34 million worth of stock or 50,481 shares. Another trade for 16,130 shares valued at $1.02M was sold by GARRETT SHARON D. Shares for $189,725 were sold by Morrow Brian R. on Friday, April 7. 28,434 Ross Stores, Inc. (NASDAQ:ROST) shares with value of $1.88 million were sold by Brautigan Bernard G..

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. The rating was maintained by Bernstein with “Market Perform” on Wednesday, March 2. The firm earned “Positive” rating on Friday, February 10 by Susquehanna. As per Friday, August 18, the company rating was maintained by Credit Suisse. Citigroup maintained the shares of ROST in report on Monday, August 22 with “Buy” rating. The firm earned “Sector Perform” rating on Friday, May 20 by RBC Capital Markets. The rating was reinitiated by Wells Fargo with “Outperform” on Thursday, October 22. RBC Capital Markets maintained it with “Sector Perform” rating and $65 target in Friday, August 19 report. The rating was maintained by Jefferies with “Hold” on Tuesday, September 12. RBC Capital Markets maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Monday, June 19. RBC Capital Markets has “Hold” rating and $6700 target. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Friday, November 18 by Wedbush.

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.

Investors wait Ross Stores, Inc. (NASDAQ:ROST) to report on November, 16. its quarterly earnings Wall Street analysts expect $0.67 EPS, up $0.05 or 8.06 % from last year’s $0.62 same quarter earnings. This translates into $258.35M profit for ROST giving the stock a 22.65 P/E. This is assuming the current $0.67 EPS is accurate. Ross Stores, Inc.’s Wall Street analysts see -18.29 % negative EPS growth, taking into account the $0.82 EPS reproted in the previous quarter,

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 Nasdaq.com with their article: “Ex-Dividend Reminder: TEGNA, Ross Stores and GameStop” published on September 05, 2017, Benzinga.com published: “TJX Companies, Ross Stores Can Each Continue To Grow Despite Competition” on September 12, 2017. More interesting news about Ross Stores, Inc. (NASDAQ:ROST) were released by: Prnewswire.com and their article: “Ross Stores To Participate In The Goldman Sachs Global Retailing Conference” published on August 31, 2017 as well as Finance.Yahoo.com‘s news article titled: “Here’s Why Ross Stores (ROST) Stock Popped Today” with publication date: August 19, 2017.

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