In today’s session Ross Stores, Inc. (ROST) recorded an unusually high (575) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ROST decrease. With 575 contracts traded and 2874 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ROST170120P00067500 closed last at: $1.65 or 0% . About 1.17 million shares traded hands. Ross Stores, Inc. (NASDAQ:ROST) has risen 21.12% since April 25, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.
Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on March, 7. They expect $0.75 EPS, up 13.64% or $0.09 from last year’s $0.66 per share. ROST’s profit will be $296.57M for 22.87 P/E if the $0.75 EPS becomes a reality. After $0.62 actual EPS reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts 20.97% EPS growth.
Ross Stores, Inc. (NASDAQ:ROST) Ratings Coverage
Out of 16 analysts covering Ross Stores Inc. (NASDAQ:ROST), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. Ross Stores Inc. has been the topic of 34 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets with “Sector Perform” on Friday, November 6. Goldman Sachs maintained the shares of ROST in a report on Friday, August 19 with “Neutral” rating. As per Friday, August 19, the company rating was maintained by Citigroup. UBS maintained the shares of ROST in a report on Friday, August 19 with “Neutral” rating. The rating was upgraded by M Partners to “Buy” on Wednesday, March 2. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Friday, November 18 by Wedbush. The company was maintained on Friday, November 20 by Wedbush. The company was reinitiated on Thursday, September 17 by M Partners. As per Wednesday, March 2, the company rating was maintained by Deutsche Bank. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Wedbush on Friday, May 20.
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 0.84 in Q2 2016. Its down 0.09, from 0.93 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.
Mitsubishi Ufj Tru & Banking holds 0.1% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 835,581 shares. Welch & Forbes Ltd Co accumulated 6,243 shares or 0.01% of the stock. Segall Bryant And Hamill Llc, a Illinois-based fund reported 7,400 shares. Fmr Lc has 0.28% invested in the company for 36.20 million shares. The Georgia-based Gw Henssler Assoc has invested 1.06% in Ross Stores, Inc. (NASDAQ:ROST). Brandywine Global Invest Mgmt Ltd holds 225 shares or 0% of its portfolio. Kcg Hldg, a New Jersey-based fund reported 7,603 shares. Delta Lloyd Nv last reported 31,700 shares in the company. Lsv Asset Mgmt has invested 0% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Chase Invest Counsel Corp, a Virginia-based fund reported 82,985 shares. Cambridge Financial Gp holds 0% or 96,435 shares in its portfolio. Barrington Strategic Wealth Management Group Inc Ltd Liability Corp last reported 12,852 shares in the company. Eastern Bancorp has 13,000 shares for 0.06% of their US portfolio. Amp Investors Ltd last reported 0.06% of its portfolio in the stock. Moreover, Federated Pa has 0.01% invested in Ross Stores, Inc. (NASDAQ:ROST) for 44,480 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 5 sales for $7.08 million net activity. Shares for $3.22M were sold by ORBAN GEORGE on Friday, July 8. Shares for $1.03 million were sold by QUESNEL GREGORY L. RENTLER BARBARA sold 20,000 shares worth $1.25M. BALMUTH MICHAEL also sold $10.42 million worth of Ross Stores, Inc. (NASDAQ:ROST) on Tuesday, May 31. On Thursday, September 22 the insider FASSIO JAMES S sold $760,200.
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 $27.13 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 25.23 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.
More notable recent Ross Stores, Inc. (NASDAQ:ROST) news were published by: Seekingalpha.com which released: “Retailers, Discount Retailers, And Ross Stores” on November 27, 2016, also Prnewswire.com with their article: “Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance” published on November 17, 2016, Seekingalpha.com published: “Ross Stores: A Home Run Quarter Warrants Your Investment” on November 22, 2016. More interesting news about Ross Stores, Inc. (NASDAQ:ROST) were released by: Investorplace.com and their article: “3 Stocks to Watch on Friday: Ross Stores, Inc. (ROST), SolarCity Corp (SCTY …” published on November 18, 2016 as well as Nasdaq.com‘s news article titled: “Ross Stores Inc. Reveals 13% Gain In Q3 Profit” with publication date: November 17, 2016.
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