Morgan Stanley Boosts Ross Stores (ROST) Price Target to $94.00

Strong Q4 Comps Propel Ross Stores			
	

  	
             By       Mike Duff

Strong Q4 Comps Propel Ross Stores By Mike Duff

Finally, CAPROCK Group Inc. bought a new position in shares of Ross Stores during the fourth quarter valued at approximately $204,000.

Ross announced it will raise the minimum wage to $11 per hour, provide some store employees with a one-time bonus and improve its paid leave programs. Bank of America set a $94.00 target price on Ross Stores and gave the company a "buy" rating in a research note on Tuesday. It has underperformed by 4.67% the S&P500. HFC's SI was 8.76 million shares in March as released by FINRA. Its down 16.82% from 468,500 shares previously.

On 5/26/2017 Sharon D Garrett, Director, sold 16,130 with an average share price of $63.23 per share and the total transaction amounting to $1,019,899.90.

The stock decreased 2.16% or GBX 19.4 during the last trading session, reaching GBX 880.2. Regions Financial Corporation (NYSE:RF) has risen 48.79% since March 7, 2017 and is uptrending. It has underperformed by 20.81% the S&P500.

Despite the share price tumble, Ross's position as an off-price retailer bodes well, no matter the state of the economy, Ross President and Chief Operating Officer Michael O'Sullivan told analysts, according to a transcript from Seeking Alpha. (NASDAQ ROST) opened at $80.51 on Wednesday. Therefore 50% are positive. Ross Stores Inc. had 70 analyst reports since August 21, 2015 according to SRatingsIntel. On Monday, August 24 the stock rating was maintained by S&P Research with "Buy". BNP Paribas maintained the stock with "Underperform" rating in Monday, August 15 report. The rating was initiated by Miller Tabak on Friday, June 24 with "Buy". Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. (NASDAQ:ROST) rating on Friday, November 17. BMO Capital Markets has "Market Perform" rating and $71 target. Prudential Pcl has invested 0% in Ross Stores, Inc. (NASDAQ:ROST) has "Market Perform" rating given on Friday, November 18 by Telsey Advisory Group. The firm owned 43,071 shares of the apparel retailer's stock after selling 2,711 shares during the quarter. (NYSE:IBP) rating on Monday, August 7.

Since September 12, 2017, it had 0 buys, and 2 insider sales for $1.35 million activity. (NASDAQ:ROST) was sold by RENTLER BARBARA on Tuesday, September 12. At one point in the past year, the shares traded as low as $17.41 but has recovered 74.43% since then.

Sta Wealth Management Llc increased its stake in Medtronic Plc (MDT) by 59.83% based on its latest 2017Q3 regulatory filing with the SEC. It also reduced Kraft Heinz Co. stake by 9,600 shares and now owns 5,225 shares.




Unadjusted earnings were $1.19 per share, which includes a $0.10 per share benefit from the 53rd week and another $0.21 from the new Republican tax law. This represents a $0.90 dividend on an annualized basis and a yield of 1.12%.

Want to see what other hedge funds are holding ROST? 72 funds opened positions while 196 raised stakes.

Earnings: Ross reported net earnings for the 14-week period of $451 million, or $1.19 per share, compared to $301 million, or 77 cents per share, during the prior-year 13-week period.

Ross Stores' home business remained a strong and growing segment for the off-price retailer during its fourth quarter. (NASDAQ:ROST). 2.81M were reported by Old Mutual Global Invsts (Uk). Moreover, Advisor Prtn Ltd Liability Corp has 0.07% invested in Ross Stores, Inc. (NASDAQ:ROST) is now trading in comparison to some of its simple moving averages. Tarbox Family Office reported 0% in Ross Stores, Inc. (NASDAQ:ROST). 3,120 are held by Carroll Assocs. Marco Invest Management Limited Liability Com invested in 0.13% or 12,600 shares. (NASDAQ:ROST). Tiedemann Wealth Mgmt Ltd Co reported 45,713 shares stake. (NASDAQ:ROST). Mufg Americas Holdg Corporation has 0% invested in Ross Stores, Inc. (NASDAQ:ROST). Nomura Asset Management Ltd holds 449,893 shares. Michigan-based Comerica Bancorporation has invested 0.01% in Installed Building Products, Inc. (NASDAQ:ROST) for 24,978 shares. Ameritas Prns holds 0.07% of its portfolio in Ross Stores, Inc.

Investors sentiment increased to 1.04 in Q3 2017. Its the same as in 2017Q2. (NYSE:IBP) for 6,022 shares. Andra Ap holds 0.16% or 105,100 shares in its portfolio. Parametric Portfolio Assocs Ltd Liability invested in 0% or 60,898 shares. Prudential Plc holds 15,200 shares. Sumitomo Mitsui Holding invested 0.09% of its portfolio in Regions Financial Corporation (NYSE:RF). Da Davidson Commerce reported 345,456 shares stake. Ahl Prtnrs Limited Liability Partnership holds 125,519 shares or 0.17% of its portfolio. Pictet Asset Mgmt Ltd invested in 232,990 shares or 0.04% of the stock. Peak6 L P stated it has 0% in HollyFrontier Corporation (NYSE:HFC). Alliancebernstein Limited Partnership, New York-based fund reported 5.53 million shares. National Bank & Trust Of Montreal Can reported 135,302 shares stake. Headinvest Lc has invested 1.26% in Medtronic plc (NYSE:MDT). The company has market cap of 3.93 billion GBP. The firm operates through two divisions, Refining and HEP. It has a 8.79 P/E ratio. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 26% are positive. The firm earned "Neutral" rating on Friday, August 19 by Goldman Sachs. The rating was maintained by Credit Suisse on Tuesday, October 17 with "Buy". The company was maintained on Monday, October 30 by RBC Capital Markets. The rating was maintained by Deutsche Bank on Wednesday, March 2 with "Buy". Jefferies maintained the stock with "Hold" rating in Tuesday, July 4 report. Finally, BidaskClub upgraded shares of Ross Stores from a hold rating to a buy rating in a research report on Wednesday, December 27th. The stock of HollyFrontier Corporation (NYSE:HFC) earned "Underweight" rating by Morgan Stanley on Friday, June 17.

Latest News