Several entities are making significant moves involving shares of **Ross Stores Inc. (ROST)**. **Bank of New York Mellon Corp** purchased over 257,000 shares, while **National Pension Service** stepped up by acquiring almost 359,000 shares. **C WorldWide Group** and **Heritage Oak Wealth Advisors LLC**, were also among the purchasers. However, other entities are reducing their stakes, with **Y Intercept Hong Kong Ltd** and **Bryn Mawr Capital Management LLC**, among those selling off. Notably, the company's stock price moved -0.55% and is expected to beat earnings estimates for Q4. This expectation is fed by the strength Ross has shown ahead of the earnings announcement. However, the company's PT has been lowered to $175 by **TD Cowen**, citing a wide valuation gap with TJX. Ross Stores recently announced a new CFO succession plan and there is speculation on whether the new CFO can maintain the current retail empire. Additionally, Ross has reported sales below analyst estimates in Q3 earnings yet saw a stock increase. The company continues to expand, opening up new locations, and its annual profit forecast has been lifted due to lower costs.
Ross Stores ROST News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 09:11:46 GMT -
Rating 7
- Innovation -3
- Information 9
- Rumor -5
