In today’s session Ross Stores, Inc. (ROST) registered an unusually high (512) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ROST increase. With 512 contracts traded and 8494 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ROST161118C00070000 closed last at: $0.65 or 44.4% up. About 557,830 shares traded hands. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.10% since March 4, 2016 and is uptrending. It has outperformed by 4.06% the S&P500.
Ross Stores, Inc. (NASDAQ:ROST) Ratings Coverage
Out of 15 analysts covering Ross Stores Inc. (NASDAQ:ROST), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. $72 is the highest target while $52 is the lowest. The $62.43 average target is -2.68% below today’s ($64.15) stock price. Ross Stores Inc. has been the topic of 31 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Goldman Sachs given on Friday, August 19. Buckingham Research upgraded Ross Stores, Inc. (NASDAQ:ROST) on Monday, August 24 to “Neutral” rating. As per Monday, August 24, the company rating was maintained by S&P Research. On Wednesday, March 2 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Friday, November 20 by Wedbush. RBC Capital Markets initiated the shares of ROST in a report on Friday, November 6 with “Sector Perform” rating. On Monday, August 22 the stock rating was maintained by Citigroup with “Buy”. Wedbush maintained it with “Outperform” rating and $62 target price in Friday, May 20 report. On Wednesday, May 11 the stock rating was downgraded by Piper Jaffray to “Underweight”. The stock has “Buy” rating given by Citigroup on Friday, August 19.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.07, from 1 in 2016Q1. The ratio turned negative, as 60 funds sold all Ross Stores, Inc. shares owned while 226 reduced positions. 56 funds bought stakes while 211 increased positions. They now own 350.06 million shares or 0.67% less from 352.42 million shares in 2016Q1.
Cohen & Steers has invested 0.04% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Independence Tru Company last reported 0.34% of its portfolio in the stock. Weiss Multi accumulated 0.03% or 6,450 shares. The Missouri-based Wedgewood Prtnrs Inc has invested 2.86% in Ross Stores, Inc. (NASDAQ:ROST). Moreover, Somerset Commerce has 0.91% invested in Ross Stores, Inc. (NASDAQ:ROST) for 26,075 shares. British Columbia Inv Management Corporation holds 0.14% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 283,674 shares. Tcw Group Incorporated holds 0.01% or 32,300 shares in its portfolio. The New York-based Glg Ltd Liability Com has invested 0.1% in Ross Stores, Inc. (NASDAQ:ROST). S Muoio Company Ltd Liability Corporation last reported 0.45% of its portfolio in the stock. Cornerstone Cap Mngmt Ltd Liability Corporation owns 669,285 shares or 2% of their US portfolio. Meiji Yasuda Asset Mngmt last reported 8,484 shares in the company. Swiss National Bank owns 1.24M shares or 0.11% of their US portfolio. North Point Portfolio Managers Oh owns 223,757 shares or 2.5% of their US portfolio. Smithfield Trust last reported 0.02% of its portfolio in the stock. Crestpoint Capital Lc has 0.39% invested in the company for 13,000 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 6 selling transactions for $17.50 million net activity. FASSIO JAMES S sold $760,200 worth of stock or 12,000 shares. RENTLER BARBARA sold $818,693 worth of stock or 12,840 shares. BALMUTH MICHAEL sold 194,984 shares worth $10.42M. $1.03M worth of shares were sold by QUESNEL GREGORY L on Monday, October 3. $3.22 million worth of shares were sold by ORBAN GEORGE on Friday, July 8.
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 $25.40 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 24.38 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.
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.
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