Ross Stores (ROST) Upgraded to Buy at BidaskClub

Pat Wise
January 14, 2018

Highstreet Asset Management Inc bought 8,286 shares as the company's stock rose 7.02% with the market. Jefferies Group reaffirmed a "hold" rating and set a $59.00 target price (up previously from $57.00) on shares of Ross Stores in a research report on Wednesday, December 7th. The stock decreased 0.97% or $0.68 during the last trading session, reaching $69.61. About 2.32M shares traded or 5.84% up from the average.

TRADEMARK VIOLATION WARNING: "Ross Stores (ROST) Upgraded to Buy at BidaskClub" was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. It has outperformed by 1.89% the S&P500.

Ross Stores, Inc 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 Stores earned a coverage optimism score of 0.16 on Accern's scale. The stock increased 1.24% or $1.02 during the last trading session, reaching $83.58. About 2.20M shares traded. Wedgewood Partners Inc acquired 124,484 shares as Ross Stores (ROST)'s stock declined 9.26%. It has underperformed by 4.67% the S&P500. Therefore 77% are positive. Deere & Company had 110 analyst reports since July 27, 2015 according to SRatingsIntel. (NASDAQ:ROST) has "Market Perform" rating given on Wednesday, March 1 by Telsey Advisory Group. The rating was initiated by Sterne Agee CRT with "Neutral" on Tuesday, July 21. 6,157 Ross Stores, Inc. RBC Capital Markets has "Hold" rating and $62.0 target. (NASDAQ:ROST) on Monday, August 24 with "Buy" rating. Stifel Nicolaus maintained it with "Hold" rating and $244 target in Wednesday, October 25 report. The firm earned "Outperform" rating on Tuesday, May 17 by Raymond James.

Since August 7, 2017, it had 0 insider purchases, and 12 insider sales for $93.68 million activity. The institutional investor held 64,809 shares of the oil & gas production company at the end of 2017Q3, valued at $1.27 million, up from 42,769 at the end of the previous reported quarter. $2.44M worth of Deere & Company (NYSE:DE) was sold by May John C II on Monday, October 23.

Investors sentiment increased to 0.7 in 2017 Q3. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. It fall, as 91 investors sold MO shares while 516 reduced holdings. 30 funds opened positions while 53 raised stakes. 213.38 million shares or 1.82% more from 209.56 million shares in 2017Q2 were reported. Natl Bank Of Ny Mellon invested 0% in Herbalife Ltd. (NYSE:HLF). Plante Moran Lc reported 0% stake. Spirit Of America Management New York owns 6,000 shares for 0.04% of their portfolio. Private Trust Na reported 0.05% stake. Omers Administration has 0.13% invested in Herbalife Ltd. (NYSE:HLF). CF Industries Holdings, Inc. Blair William Il invested in 0% or 9,298 shares. Adage Cap Prtnrs Limited Liability Co, a Massachusetts-based fund reported 435,662 shares. Cypress Capital Grp Incorporated has invested 0.73% in Ross Stores, Inc. Dearborn Prtnrs Ltd Liability Company holds 1.06% or 223,618 shares. Shareholders of record on Friday, December 1st were given a $0.16 dividend. Boston Prns owns 54,430 shares.

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Renaissance Group Llc, which manages about $2.91 billion US Long portfolio, decreased its stake in Persimmon Plc (PSMMY) by 12,121 shares to 282,413 shares, valued at $19.57 million in 2017Q3, according to the filing. It also reduced its holding in Ally Finl Inc (NYSE:ALLY) by 24,492 shares in the quarter, leaving it with 421,009 shares, and cut its stake in Clovis Oncology Inc (NASDAQ:CLVS). Ross Stores Inc now has $31.94B valuation. (NASDAQ:ROST), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. During the same quarter in the previous year, the business posted $0.62 EPS. equities analysts expect that Ross Stores will post 3.28 EPS for the current year. JPMorgan Chase & Co. upgraded Ross Stores from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $65.00 to $74.00 in a research note on Monday, September 25th. As per Thursday, September 28, the company rating was maintained by SunTrust. Primecap Management Co. CA boosted its stake in shares of Ross Stores by 1.7% in the second quarter. (NASDAQ:ROST) on Monday, June 19 with "Hold" rating. The company was maintained on Friday, September 11 by Oppenheimer. The firm has "Buy" rating given on Friday, August 18 by M Partners. The company was maintained on Friday, November 17 by RBC Capital Markets. Guggenheim restated a "buy" rating and issued a $70.00 price objective on shares of Ross Stores in a research note on Friday, September 30th. The company now has a consensus rating of "Buy" and a consensus price target of $73.71.

Ross Stores Inc (NASDAQ:ROST) institutional sentiment increased to 1.04 in 2017 Q3. Its down 0.02, from 0.91 in 2017Q2. Sold All: 58 Reduced: 200 Increased: 196 New Position: 72. The apparel retailer reported $0.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.05. Fmr Ltd Liability Company accumulated 1.50M shares. Court Place Advisors Llc who had been investing in Ross Stores Inc for a number of months, seems to be bullish on the $31.94B market cap company. (NASDAQ:ROST). Lenox Wealth Mngmt holds 12,487 shares or 0.28% of its portfolio. Ahl Prtn Limited Liability Partnership stated it has 0.12% of its portfolio in Apple Inc. (NASDAQ:ROST) to report earnings on February, 27. Ameritas Invest Prtnrs stated it has 0.01% of its portfolio in CF Industries Holdings, Inc. 26,415 are held by State Of Alaska Department Of Revenue. Quantitative Investment Management Llc accumulated 555,200 shares. Cibc World Markets holds 0.06% in Ross Stores, Inc. Aviva Public Limited holds 43,592 shares or 0.02% of its portfolio. Kentucky Retirement, a Kentucky-based fund reported 14,314 shares. Credit Suisse Ag holds 0.09% or 1.38 million shares. 17 are owned by Ci Investments.

Several other hedge funds have also recently modified their holdings of ROST.

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