Today’s Ownership Action: Ross Stores Inc’s (NASDAQ:ROST) Sentiment is 0.84

November 25, 2016 - By Clifton Ray   ·   0 Comments

Today's Ownership Action: Ross Stores Inc's (NASDAQ:ROST) Sentiment is 0.84

Sentiment for Ross Stores Inc (NASDAQ:ROST)

Ross Stores Inc (NASDAQ:ROST) institutional sentiment decreased to 0.84 in 2016 Q2. Its down -0.09, from 0.93 in 2016Q1. The ratio is negative, as 267 funds opened new or increased stock positions, while 286 trimmed and sold positions in Ross Stores Inc. The funds in our partner’s database now possess: 350.06 million shares, down from 352.42 million shares in 2016Q1. Also, the number of funds holding Ross Stores Inc in their top 10 stock positions decreased from 9 to 6 for a decrease of 3. Sold All: 60 Reduced: 226 Increased: 211 New Position: 56.

Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The company has a market cap of $27.44 billion. The Firm and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less and dd’s DISCOUNTS. It has a 25.32 P/E ratio. 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.

About 698,138 shares traded hands. Ross Stores, Inc. (NASDAQ:ROST) has risen 22.20% since April 22, 2016 and is uptrending. It has outperformed by 16.79% the S&P500.

Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on March, 7. They expect $0.75 earnings per share, up 13.64% or $0.09 from last year’s $0.66 per share. ROST’s profit will be $298.80 million for 22.97 P/E if the $0.75 EPS becomes a reality. After $0.62 actual earnings per share reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts 20.97% EPS growth.

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.”

Rr Partners Lp holds 9.77% of its portfolio in Ross Stores, Inc. for 3.97 million shares. Fenimore Asset Management Inc owns 1.48 million shares or 4.14% of their US portfolio. Moreover, Westport Advisers Llc has 4% invested in the company for 382,600 shares. The -based Marshfield Associates has invested 3.85% in the stock. Mitchell Capital Management Co, a Kansas-based fund reported 137,857 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 6 selling transactions for $17.50 million net activity.

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

Ratings analysis reveals 50% of Ross Stores Inc.’s analysts are positive. Out of 16 Wall Street analysts rating Ross Stores Inc., 8 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $52 while the high is $72. The stock’s average target of $63.40 is -7.94% below today’s ($68.87) share price. ROST was included in 34 notes of analysts from August 21, 2015. The rating was maintained by Wedbush on Friday, November 18 with “Outperform”. S&P Research maintained Ross Stores, Inc. (NASDAQ:ROST) on Monday, August 24 with “Buy” rating. On Friday, May 20 the stock rating was maintained by UBS with “Neutral”. As per Friday, August 19, the company rating was maintained by UBS. Goldman Sachs downgraded the shares of ROST in a report on Wednesday, March 9 to “Neutral” rating. The firm has “Neutral” rating given on Monday, August 24 by Buckingham Research. The firm has “Sector Perform” rating given on Friday, November 18 by RBC Capital Markets. M Partners reinitiated Ross Stores, Inc. (NASDAQ:ROST) on Thursday, September 17 with “Neutral” rating. The rating was downgraded by Piper Jaffray on Wednesday, May 11 to “Underweight”. Citigroup initiated Ross Stores, Inc. (NASDAQ:ROST) on Wednesday, October 7 with “Buy” rating.

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.

More recent Ross Stores, Inc. (NASDAQ:ROST) news were published by: Investorplace.com which released: “3 Stocks to Watch on Friday: Ross Stores, Inc. (ROST), SolarCity Corp (SCTY …” on November 18, 2016. Also Nasdaq.com published the news titled: “Ross Stores Inc. Reveals 13% Gain In Q3 Profit” on November 17, 2016. Seekingalpha.com‘s news article titled: “Ross Stores: The Other TJX” with publication date: November 19, 2016 was also an interesting one.

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By Clifton Ray

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