Breaking: Ross Stores (NASDAQ:ROST) Buy Rating Reaffirmed at BofA Merrill Today; The Target Price is $115

Ross Stores, Inc. (NASDAQ:ROST) Logo

Investors sentiment increased to 1.17 in Q2 2018. Its up 0.38, from 0.79 in 2018Q1. It improved, as 37 investors sold Ross Stores, Inc. shares while 203 reduced holdings. 68 funds opened positions while 212 raised stakes. 315.63 million shares or 1.16% less from 319.33 million shares in 2018Q1 were reported.

Apg Asset Mgmt Nv holds 0.06% or 448,960 shares. Bath Savings invested in 13,100 shares or 0.26% of the stock. Price T Rowe Associates Md stated it has 0.28% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Wealthtrust, Alabama-based fund reported 277 shares. Voya Inv Mgmt Limited Liability accumulated 1.77M shares. Korea Inv reported 137,647 shares. 87,391 are held by Cibc. World Asset Mngmt invested in 0.11% or 26,889 shares. Tocqueville Asset Lp stated it has 0.01% in Ross Stores, Inc. (NASDAQ:ROST). Ci Global reported 125 shares or 0% of all its holdings. Oregon Pub Employees Retirement Fund holds 0.21% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 166,149 shares. One National Association has 0.02% invested in Ross Stores, Inc. (NASDAQ:ROST). Two Sigma Limited Company invested in 20,739 shares or 0.01% of the stock. Virginia Retirement Sys Et Al accumulated 0.22% or 210,300 shares. Cubist Systematic Strategies Limited Com reported 0.02% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST).

Since May 31, 2018, it had 0 insider buys, and 6 insider sales for $23.04 million activity. $2.69M worth of stock was sold by BALMUTH MICHAEL on Thursday, May 31. On Monday, June 11 the insider BUSH MICHAEL J sold $128,589. RENTLER BARBARA sold $1.90M worth of Ross Stores, Inc. (NASDAQ:ROST) on Friday, October 12. $15.22 million worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by FASSIO JAMES S.

Ross Stores (NASDAQ:ROST) Rating Reaffirmed

Ross Stores (NASDAQ:ROST) just had their share rating of a ‘Buy’ issued by research analysts at BofA Merrill, who now has a $115 TP on the $36.87 billion market cap company or a 16.47 % upside potential. This key information was revealed in a note on Wednesday morning.

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

Among 17 analysts covering Ross Stores (NASDAQ:ROST), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Ross Stores has $110 highest and $89 lowest target. $94.87’s average target is -3.92% below currents $98.74 stock price. Ross Stores had 18 analyst reports since May 25, 2018 according to SRatingsIntel. Citigroup maintained Ross Stores, Inc. (NASDAQ:ROST) on Tuesday, July 31 with “Neutral” rating. The firm earned “Buy” rating on Friday, May 25 by Deutsche Bank. Loop Capital Markets maintained Ross Stores, Inc. (NASDAQ:ROST) on Wednesday, June 27 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $96 target in Monday, August 20 report. Buckingham Research maintained it with “Neutral” rating and $90 target in Monday, August 20 report. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Credit Suisse on Friday, August 24. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Wells Fargo on Friday, August 24. On Wednesday, October 3 the stock rating was maintained by Loop Capital with “Buy”. Nomura maintained the shares of ROST in report on Friday, August 24 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, August 24.

The stock decreased 1.51% or $1.51 during the last trading session, reaching $98.74. About 2.51M shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 60.33% since November 14, 2017 and is uptrending. It has outperformed by 44.71% the S&P500.

Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on November, 15. They expect $0.89 EPS, up 23.61 % or $0.17 from last year’s $0.72 per share. ROST’s profit will be $332.29 million for 27.74 P/E if the $0.89 EPS becomes a reality. After $1.04 actual EPS reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts -14.42 % negative EPS growth.

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 $36.87 billion. It primarily offers apparel, accessories, footwear, and home fashions. It has a 24.31 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.

Ross Stores, Inc. (NASDAQ:ROST) Institutional Positions Chart

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