Jefferies Kept Ross Stores (NASDAQ:ROST) As a Hold; They Now Have a Target Price Of $63.0

September 17, 2017 - By Henry Gaston

 Jefferies Kept Ross Stores (NASDAQ:ROST) As a Hold; They Now Have a Target Price Of $63.0

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.

Parametrica reported 6,390 shares stake. Tudor Inv Et Al reported 3,200 shares. Agf Invs owns 750,613 shares or 0.57% of their US portfolio. Michigan-based Jlb & Assocs Inc has invested 2.64% in Ross Stores, Inc. (NASDAQ:ROST). Pennsylvania-based Nationwide Fund has invested 0.13% in Ross Stores, Inc. (NASDAQ:ROST). Hudson Bay Limited Partnership has 42,617 shares for 0.06% of their portfolio. Intl Invsts invested in 0.07% or 757,000 shares. Everence Cap Mgmt Inc holds 0.12% or 6,132 shares in its portfolio. Bridgewater Assoc L P has invested 0.13% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Wells Fargo Mn has invested 0.07% in Ross Stores, Inc. (NASDAQ:ROST). Primecap Mgmt Communications Ca stated it has 14.79M shares or 0.95% of all its holdings. 6,225 were accumulated by Bank. Fiera Capital Corp reported 331,466 shares. Magnetar Llc accumulated 0.02% or 17,232 shares. Palisade Asset Mgmt Ltd holds 27,280 shares.

Since March 20, 2017, it had 0 insider purchases, and 6 sales for $7.51 million activity. 3,360 shares valued at $225,491 were sold by Hartshorn Michael J. on Monday, March 20. 15,243 Ross Stores, Inc. (NASDAQ:ROST) shares with value of $1.00 million were sold by CALL JOHN G. 28,434 shares were sold by Brautigan Bernard G., worth $1.88M. The insider BUSH MICHAEL J sold 7,426 shares worth $493,883. Morrow Brian R. had sold 3,004 shares worth $189,725. $1.02M worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by GARRETT SHARON D. The insider RENTLER BARBARA sold $3.34 million.

Ross Stores (NASDAQ:ROST) Rating Reaffirmed

New York: In analysts report issued on Tuesday morning, Jefferies restate their Hold rating on Ross Stores (NASDAQ:ROST) shares. They now have a $63.0 target price per share on the firm. Jefferies’s target means a potential upside of 3.77 % from the company’s previous stock close.

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.

Parametrica reported 6,390 shares stake. Tudor Inv Et Al reported 3,200 shares. Agf Invs owns 750,613 shares or 0.57% of their US portfolio. Michigan-based Jlb & Assocs Inc has invested 2.64% in Ross Stores, Inc. (NASDAQ:ROST). Pennsylvania-based Nationwide Fund has invested 0.13% in Ross Stores, Inc. (NASDAQ:ROST). Hudson Bay Limited Partnership has 42,617 shares for 0.06% of their portfolio. Intl Invsts invested in 0.07% or 757,000 shares. Everence Cap Mgmt Inc holds 0.12% or 6,132 shares in its portfolio. Bridgewater Assoc L P has invested 0.13% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Wells Fargo Mn has invested 0.07% in Ross Stores, Inc. (NASDAQ:ROST). Primecap Mgmt Communications Ca stated it has 14.79M shares or 0.95% of all its holdings. 6,225 were accumulated by Bank. Fiera Capital Corp reported 331,466 shares. Magnetar Llc accumulated 0.02% or 17,232 shares. Palisade Asset Mgmt Ltd holds 27,280 shares.

Since March 20, 2017, it had 0 insider purchases, and 6 sales for $7.51 million activity. 3,360 shares valued at $225,491 were sold by Hartshorn Michael J. on Monday, March 20. 15,243 Ross Stores, Inc. (NASDAQ:ROST) shares with value of $1.00 million were sold by CALL JOHN G. 28,434 shares were sold by Brautigan Bernard G., worth $1.88M. The insider BUSH MICHAEL J sold 7,426 shares worth $493,883. Morrow Brian R. had sold 3,004 shares worth $189,725. $1.02M worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by GARRETT SHARON D. The insider RENTLER BARBARA sold $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. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Buy” rating given on Monday, August 22 by Citigroup. BMO Capital Markets maintained the shares of ROST in report on Tuesday, August 8 with “Hold” rating. The company was maintained on Friday, August 18 by M Partners. Jefferies maintained the stock with “Hold” rating in Tuesday, July 4 report. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Friday, August 19 by Wedbush. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Wedbush on Friday, November 20. The stock has “Neutral” rating by Buckingham Research on Monday, August 24. RBC Capital Markets maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Monday, July 24. RBC Capital Markets has “Hold” rating and $6700 target. The firm earned “Neutral” rating on Friday, August 18 by Credit Suisse. Bernstein maintained the stock with “Market Perform” rating in Wednesday, March 2 report.

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 earnings per share, 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 Seekingalpha.com with their article: “Ross Stores – Killing It In This Environment” published on August 18, 2017, Seekingalpha.com published: “Ross Stores: Rally Time Again?” 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 Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: TEGNA, Ross Stores and GameStop” with publication date: September 05, 2017.

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