Ross Stores Inc (NASDAQ:ROST).
Raymond James & Associates says it bought 26,427 shares during the last quarter increasing its holdings in Ross Stores Inc by 10.1%. Its position stood at $18,666,000 an increase of $3,503,000 as of the end of the quarter.
Here are a few institutional investors who have updated their positions. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS expanded its investment by buying 2,528 shares an increase of 8.7% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 31,651 shares worth $2,044,000. The total value of its holdings increased 21.6%. Tredje Ap-fonden divested its position by shedding 14,791 shares a decrease of 21.1%. Tredje Ap-fonden currently owns 55,252 shares valued at $3,568,000. The value of the position overall is down by 12.0%.
Baird Financial Group, Inc. grew its ownership by buying 1,175 shares an increase of 2.0% in the quarter. Baird Financial Group, Inc. now controls 60,457 shares with a value of $3,904,000. The total value of its holdings increased 14.1%.
Equity analyst Royal Bank Of Canada released guidance on ROST stating a rating of “Hold” and establishing a price target of $62.00. On October 19 Buckingham Research maintained a company rating of “Neutral” projecting a price of $71.00.
September 25 investment analysts at Bank of America Corporation made no change to the company rating of “Buy” with a current price target of $80.00.
On September 18 Royal Bank Of Canada held the stock rating at “Hold” targeting a price of $62.00. On September 12 analysts at Sanford C. Bernstein updated its forecast on ROST with a rating of “Outperform”.
The company is so far trading up from yesterday’s close of 64.47. Ross Stores Inc’s P/E ratio is 21.39 and market capitalization is 25.03B. In the last earnings report the EPS was $3.03 with 385.59M shares currently outstanding.
Investors are feeling more bullish on Ross Stores Inc of late considering the fall in short interest. The stock realized a fall in short interest between September 29, 2017 and October 13, 2017 of -12.91%. Short interest fell from 15,183,468 to 13,223,514 over that timeframe. Days to cover increased 1.0 to 6.0 and the percentage of shorted shares was 0.03% on October 13.