Ross Stores INC (ROST) Shareholder Janney Montgomery Scott LLC Cut Its Position

September 16, 2018 - By Elena Maslow

Ross Stores, Inc. (NASDAQ:ROST) LogoInvestors sentiment increased to 1.17 in Q2 2018. Its up 0.38, from 0.79 in 2018Q1. It increased, as 37 investors sold ROST 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. Omers Administration Corporation accumulated 94,900 shares. Jennison Assoc Ltd invested 0.14% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Hightower Advsr Ltd Liability, a Illinois-based fund reported 11,001 shares. Cookson Peirce Inc, Pennsylvania-based fund reported 8,480 shares. Lombard Odier Asset (Switzerland) holds 0.17% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 18,523 shares. Ibm Retirement Fund holds 0.13% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 7,127 shares. Srb has invested 0.06% in Ross Stores, Inc. (NASDAQ:ROST). Gw Henssler & Ltd stated it has 179,806 shares. San Francisco Sentry Grp Inc (Ca) reported 0.02% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Frontier Capital Mgmt Lc holds 0.52% or 865,047 shares. Sei Investments holds 188,233 shares. Kentucky Retirement System Insur Trust Fund holds 7,131 shares. State Of Alaska Department Of Revenue has 164,875 shares. Cidel Asset Mngmt holds 0.79% in Ross Stores, Inc. (NASDAQ:ROST) or 208,979 shares. Hendershot Investments Inc holds 1.22% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 37,337 shares.

Since March 14, 2018, it had 0 insider buys, and 13 sales for $34.58 million activity. 5,060 shares were sold by Hartshorn Michael J., worth $392,795. RENTLER BARBARA sold $1.17 million worth of Ross Stores, Inc. (NASDAQ:ROST) on Thursday, April 12. Brautigan Bernard G. also sold $659,482 worth of Ross Stores, Inc. (NASDAQ:ROST) shares. FERBER NORMAN A sold $962,682 worth of stock. The insider BALMUTH MICHAEL sold 25,689 shares worth $1.97 million. Panattoni Lisa R had sold 12,471 shares worth $991,139 on Thursday, April 5.

Janney Montgomery Scott Llc decreased its stake in Ross Stores Inc (ROST) by 64.51% based on its latest 2018Q2 regulatory filing with the SEC. Janney Montgomery Scott Llc sold 47,244 shares as the company’s stock rose 14.85% with the market. The institutional investor held 25,993 shares of the consumer services company at the end of 2018Q2, valued at $2.20 million, down from 73,237 at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Ross Stores Inc for a number of months, seems to be less bullish one the $36.45B market cap company. The stock decreased 0.32% or $0.31 during the last trading session, reaching $96.79. About 2.92M shares traded or 15.02% up from the average. Ross Stores, Inc. (NASDAQ:ROST) has risen 60.33% since September 16, 2017 and is uptrending. It has outperformed by 44.71% the S&P500.

Janney Montgomery Scott Llc, which manages about $15.70B and $10.40B US Long portfolio, upped its stake in American Arlns Grp Inc (NASDAQ:AAL) by 94,037 shares to 134,482 shares, valued at $5.11M in 2018Q2, according to the filing. It also increased its holding in Ishs Sp Smcp600 Grw Etf (IJT) by 23,650 shares in the quarter, for a total of 40,816 shares, and has risen its stake in Att Inc (NYSE:T).

Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on November, 15. They expect $0.88 earnings per share, up 22.22 % or $0.16 from last year’s $0.72 per share. ROST’s profit will be $331.35 million for 27.50 P/E if the $0.88 EPS becomes a reality. After $1.04 actual earnings per share reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts -15.38 % negative EPS growth.

More important recent Ross Stores, Inc. (NASDAQ:ROST) news were published by: Nasdaq.com which released: “TJX Companies Starts the Off-Price Earnings Party on a Strong Note” on August 21, 2018, also Seekingalpha.com published article titled: “Ross Stores Needs A Breather”, Seekingalpha.com published: “Position Close Update: Ross Stores Inc.” on August 20, 2018. More interesting news about Ross Stores, Inc. (NASDAQ:ROST) was released by: Seekingalpha.com and their article: “Ross Stores: Excellent Execution Of Financial Algorithm” with publication date: August 31, 2018.

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

Among 15 analysts covering Ross Stores (NASDAQ:ROST), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Ross Stores had 17 analyst reports since April 30, 2018 according to SRatingsIntel. On Friday, August 24 the stock rating was maintained by Nomura with “Buy”. The stock has “Outperform” rating by Wells Fargo on Friday, August 24. The firm has “Neutral” rating given on Tuesday, July 31 by Citigroup. The stock has “Buy” rating by Deutsche Bank on Friday, May 25. As per Wednesday, June 27, the company rating was maintained by Loop Capital Markets. The company was maintained on Friday, August 24 by JP Morgan. As per Monday, August 20, the company rating was maintained by Deutsche Bank. Buckingham Research maintained it with “Neutral” rating and $90 target in Monday, August 20 report. The rating was maintained by Credit Suisse on Friday, August 24 with “Outperform”. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Buy” rating by Deutsche Bank on Monday, April 30.

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

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