In today’s session Ross Stores, Inc. (ROST) registered an unusually high (502) 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 502 contracts traded and 64114 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ROST161118C00067500 closed last at: $0.45 or 28.6% up. About 702,276 shares traded hands. Ross Stores, Inc. (NASDAQ:ROST) has risen 7.27% since March 31, 2016 and is uptrending. It has outperformed by 4.75% 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. Ross Stores Inc. has been the topic of 31 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, November 6 by RBC Capital Markets. Goldman Sachs maintained it with “Neutral” rating and $67 target price in Friday, August 19 report. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Buy” rating by Citigroup on Wednesday, October 7. As per Monday, August 24, the company rating was upgraded by Buckingham Research. On Friday, August 21 the stock rating was maintained by Cantor Fitzgerald with “Hold”. As per Wednesday, March 2, the company rating was maintained by Bernstein. The rating was maintained by Cowen & Co on Friday, May 20 with “Outperform”. The firm has “Neutral” rating by M Partners given on Thursday, September 17. The firm has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. The firm earned “Outperform” rating on Friday, August 19 by Wedbush.
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 worsened, 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.
Strategy Asset Managers Limited Com reported 42,845 shares or 0.55% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has 52,499 shares for 0.04% of their US portfolio. The Maryland-based Brown Advisory has invested 0% in Ross Stores, Inc. (NASDAQ:ROST). Dnb Asset As holds 0% or 30,580 shares in its portfolio. Advisor Partners Llc accumulated 0.08% or 3,921 shares. Denver Inv Limited Liability Corp accumulated 62,200 shares or 0.16% of the stock. Beck Capital Mngmt Ltd Liability Corp holds 7,035 shares or 0.25% of its portfolio. Interest last reported 0.06% of its portfolio in the stock. Metropolitan Life Insurance Ny accumulated 0.1% or 225,185 shares. Dubuque Fincl Bank Tru Comm last reported 170 shares in the company. Kcg last reported 7,603 shares in the company. Gotham Asset Mgmt Limited Liability Co, a New York-based fund reported 558,890 shares. Pinebridge Invs Ltd Partnership has invested 0% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Public Sector Pension Invest Board accumulated 76,118 shares or 0.05% of the stock. Advsrs Asset Management holds 1,900 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 6 insider sales for $17.50 million net activity. Another trade for 16,000 shares valued at $1.03M was sold by QUESNEL GREGORY L. Another trade for 12,000 shares valued at $760,200 was made by FASSIO JAMES S on Thursday, September 22. BALMUTH MICHAEL had sold 194,984 shares worth $10.42M on Tuesday, May 31. 12,840 shares were sold by RENTLER BARBARA, worth $818,693 on Thursday, September 22. Another trade for 56,000 shares valued at $3.22M was made 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 $24.38 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 23.53 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.
Another recent and important Ross Stores, Inc. (NASDAQ:ROST) news was published by Forbes.com which published an article titled: “December 16th Options Now Available For Ross Stores (ROST)” on October 24, 2016.
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