Nordea Investment Management Ab Decreased Ross Stores (NASDAQ:ROST) Stake By $127.74 Million

February 14, 2018 - By Lynda A. Deweese

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.04, from 1 in 2017Q2. It is positive, as 58 investors sold ROST shares while 200 reduced holdings. 72 funds opened positions while 196 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Eaton Vance Mngmt holds 290,735 shares. 14.35 million are held by Primecap Co Ca. Thompson Davis & Company Incorporated owns 0.09% invested in Ross Stores, Inc. (NASDAQ:ROST) for 824 shares. Missouri-based Stifel Financial Corporation has invested 0.04% in Ross Stores, Inc. (NASDAQ:ROST). Meiji Yasuda Asset has 18,034 shares for 0.11% of their portfolio. Burney has invested 0.46% in Ross Stores, Inc. (NASDAQ:ROST). 4,625 were reported by Bbva Compass Natl Bank. California Employees Retirement System holds 0.1% in Ross Stores, Inc. (NASDAQ:ROST) or 1.01M shares. Jarislowsky Fraser has invested 0% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Rafferty Asset Mgmt Ltd has 0.04% invested in Ross Stores, Inc. (NASDAQ:ROST). Korea Corp accumulated 163,184 shares. Gamble Jones Invest Counsel holds 34,210 shares or 0.23% of its portfolio. Oppenheimer reported 0.11% stake. Northwestern Mutual Wealth Mgmt Communications holds 4,414 shares. Veritable Ltd Partnership owns 0.02% invested in Ross Stores, Inc. (NASDAQ:ROST) for 15,597 shares.

Since September 12, 2017, it had 0 buys, and 2 sales for $1.35 million activity. Another trade for 6,157 shares valued at $402,054 was sold by Morrow Brian R..

Nordea Investment Management Ab decreased its stake in Ross Stores (NASDAQ:ROST) by 98.7% based on its latest 2017Q4 regulatory filing with the SEC. Nordea Investment Management Ab sold 1.60M shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 21,101 shares of the consumer services company at the end of 2017Q4, valued at $1.69 million, down from 1.62M at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Ross Stores for a number of months, seems to be less bullish one the $29.74 billion market cap company. The stock increased 0.61% or $0.47 during the last trading session, reaching $77.82. About 1.37 million shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since February 14, 2017 and is uptrending. It has underperformed by 4.67% the S&P500.

Nordea Investment Management Ab, which manages about $42.34 billion US Long portfolio, upped its stake in Ecolab (NYSE:ECL) by 150,714 shares to 319,414 shares, valued at $42.86 million in 2017Q4, according to the filing. It also increased its holding in Kimberly (NYSE:KMB) by 1.28 million shares in the quarter, for a total of 1.33 million shares, and has risen its stake in Rockwell Automation (NYSE:ROK).

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

Among 27 analysts covering Ross Stores Inc. (NASDAQ:ROST), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. Ross Stores Inc. has $100.0 highest and $52 lowest target. $74.04’s average target is -4.86% below currents $77.82 stock price. Ross Stores Inc. had 70 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of ROST in report on Monday, September 18 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Monday, June 19. The firm has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The firm has “Buy” rating given on Friday, June 24 by Miller Tabak. JP Morgan upgraded the stock to “Overweight” rating in Monday, September 25 report. The firm has “Hold” rating given on Wednesday, August 2 by Credit Suisse. The stock has “Hold” rating by BMO Capital Markets on Sunday, September 10. Wells Fargo maintained the shares of ROST in report on Thursday, January 11 with “Buy” rating. Jefferies maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Tuesday, July 4. Jefferies has “Hold” rating and $6300 target. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Neutral” rating given on Friday, May 20 by UBS.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and ddÂ’s DISCOUNTS brand names in the United States. The company has market cap of $29.74 billion. It primarily offers apparel, accessories, footwear, and home fashions. It has a 24.85 P/E ratio. The companyÂ’s Ross Dress for Less stores sell its products at savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and ddÂ’s DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to clients from households with moderate income.

Another recent and important Ross Stores, Inc. (NASDAQ:ROST) news was published by Nasdaq.com which published an article titled: “Commit To Purchase Ross Stores At $82.50, Earn 21.7% Annualized Using Options” on January 22, 2018.

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