Nordea Investment Management Ab Decreased Ross Stores (NASDAQ:ROST) Stake By $127.74 Million

February 14, 2018 - By Kurt Siggers

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.04, from 1 in 2017Q2. It is positive, as 58 investors sold ROST shares while 200 reduced holdings. 72 funds opened positions while 196 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Moreover, Gofen & Glossberg Ltd Il has 0.03% invested in Ross Stores, Inc. (NASDAQ:ROST) for 10,600 shares. Voya Invest Mgmt Ltd Company has invested 0.16% in Ross Stores, Inc. (NASDAQ:ROST). 1832 Asset Limited Partnership accumulated 0.15% or 678,835 shares. Pinebridge Invs Lp holds 0.29% in Ross Stores, Inc. (NASDAQ:ROST) or 185,283 shares. Price T Rowe Assoc Md stated it has 0.19% in Ross Stores, Inc. (NASDAQ:ROST). Sumitomo Mitsui Hldg stated it has 1.12M shares. Cibc World Mkts, a New York-based fund reported 89,496 shares. Virginia-based Bb&T Securities Ltd Liability has invested 0.07% in Ross Stores, Inc. (NASDAQ:ROST). Blume reported 300 shares. Fifth Third Bancshares holds 0% or 4,250 shares. Eastern Bank has 0.06% invested in Ross Stores, Inc. (NASDAQ:ROST) for 12,500 shares. Farmers And Merchants Invs has 0.43% invested in Ross Stores, Inc. (NASDAQ:ROST). Mitsubishi Ufj & Corporation holds 861,710 shares. Dimensional Fund Advsr Lp invested in 1.14 million shares or 0.03% of the stock. Garrison Bradford & holds 0.56% or 10,400 shares in its portfolio.

Since September 12, 2017, it had 0 buys, and 2 sales for $1.35 million activity. RENTLER BARBARA also sold $945,012 worth of Ross Stores, Inc. (NASDAQ:ROST) shares.

Nordea Investment Management Ab decreased its stake in Ross Stores (NASDAQ:ROST) by 98.7% based on its latest 2017Q4 regulatory filing with the SEC. Nordea Investment Management Ab sold 1.60M shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 21,101 shares of the consumer services company at the end of 2017Q4, valued at $1.69M, down from 1.62 million at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Ross Stores for a number of months, seems to be less bullish one the $29.74 billion market cap company. The stock increased 0.61% or $0.47 during the last trading session, reaching $77.82. About 1.37M shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since February 14, 2017 and is uptrending. It has underperformed by 4.67% the S&P500.

Nordea Investment Management Ab, which manages about $42.34B US Long portfolio, upped its stake in Frank’s International () by 3.05M shares to 7.77 million shares, valued at $51.69 million in 2017Q4, according to the filing. It also increased its holding in Johnson Controls International () by 365,218 shares in the quarter, for a total of 809,808 shares, and has risen its stake in Starbucks (NASDAQ:SBUX).

Ross Stores, Inc. (NASDAQ:ROST) Ratings Coverage

Among 27 analysts covering Ross Stores Inc. (NASDAQ:ROST), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. Ross Stores Inc. has $100.0 highest and $52 lowest target. $74.04’s average target is -4.86% below currents $77.82 stock price. Ross Stores Inc. had 70 analyst reports since August 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Thursday, September 28 report. On Wednesday, July 5 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Buy” rating by M Partners on Wednesday, March 2. The firm has “Neutral” rating by UBS given on Friday, May 20. The company was upgraded on Monday, September 25 by JP Morgan. RBC Capital Markets initiated Ross Stores, Inc. (NASDAQ:ROST) on Friday, November 6 with “Sector Perform” rating. The stock has “Outperform” rating by Cowen & Co on Friday, May 20. The firm has “Hold” rating given on Thursday, August 17 by RBC Capital Markets. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Wells Fargo on Thursday, October 22. As per Friday, November 17, the company rating was maintained by RBC Capital Markets.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and ddÂ’s DISCOUNTS brand names in the United States. The company has market cap of $29.74 billion. It primarily offers apparel, accessories, footwear, and home fashions. It has a 24.85 P/E ratio. The companyÂ’s Ross Dress for Less stores sell its products at savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and ddÂ’s DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to clients from households with moderate income.

Another recent and important Ross Stores, Inc. (NASDAQ:ROST) news was published by Nasdaq.com which published an article titled: “Commit To Purchase Ross Stores At $82.50, Earn 21.7% Annualized Using Options” on January 22, 2018.

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