SEC Filings: Turner Investments LP Has Upped Ross Stores INC (ROST) Position as Stock Rose

SEC Filings: Turner Investments LP Has Upped Ross Stores INC (ROST) Position as Stock Rose

Turner Investments Lp increased its stake in Ross Stores Inc (ROST) by 1093.04% based on its latest 2016Q3 regulatory filing with the SEC. Turner Investments Lp bought 51,810 shares as the company’s stock rose 14.11% with the market. The institutional investor held 56,550 shares of the consumer services company at the end of 2016Q3, valued at $3.64 million, up from 4,740 at the end of the previous reported quarter. Turner Investments Lp who had been investing in Ross Stores Inc for a number of months, seems to be bullish on the $26.67 billion market cap company. The stock is down 0.67% or $0.45 hitting $66.32, despite the positive news. About 842,185 shares traded hands. Ross Stores, Inc. (NASDAQ:ROST) has risen 25.55% since June 7, 2016 and is uptrending. It has outperformed by 18.13% the S&P500.

Turner Investments Lp, which manages about $7.20 billion and $302.29 million US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 8,010 shares to 6,460 shares, valued at $4.68M in 2016Q3, according to the filing. It also reduced its holding in Shopify Inc by 102,640 shares in the quarter, leaving it with 145,370 shares, and cut its stake in Ligand Pharmaceuticals Inc (NASDAQ:LGND).

Turner Investments Lp is a Pennsylvania-based institutional investor with more than $7.20 billion AUM in December, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Turner Investments latest Adv, the fund reported to have 95 full and part-time employees. Among which 31 performing investment advisory and research functions. The institutional investor had more than 100 clients.

Insitutional Activity: The institutional sentiment decreased to 0.84 in Q3 2016. Its down 0.09, from 0.93 in 2016Q2. The ratio turned negative, as 49 funds sold all ROST shares owned while 252 reduced positions. 69 funds bought stakes while 185 increased positions. They now own 341.30 million shares or 2.50% less from 350.06 million shares in 2016Q2. Royal Bancshares Of Canada holds 0.04% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 1.06 million shares. Spectrum Gp has invested 0.42% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Invesco Limited holds 0.13% or 5.99 million shares in its portfolio. Tcw Group Incorporated accumulated 0.01% or 29,300 shares. Parkwood Llc accumulated 4,377 shares or 0.04% of the stock. Deutsche State Bank Ag has 0.06% invested in the company for 1.35 million shares. Suntrust Banks accumulated 65,683 shares or 0.03% of the stock. Geneva Advsrs has 0.08% invested in the company for 66,844 shares. Utah Retirement accumulated 0.12% or 72,024 shares. Ameritas Prtnrs last reported 22,247 shares in the company. Amf Pensionsforsakring has 0.53% invested in the company for 660,461 shares. Retirement Systems Of Alabama has 0.08% invested in the company for 200,578 shares. Gamble Jones Investment Counsel holds 0.29% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 41,489 shares. Nationwide Fund Advisors, a Pennsylvania-based fund reported 226,097 shares. Moreover, Carroll Financial Assoc has 0.03% invested in Ross Stores, Inc. (NASDAQ:ROST) for 2,605 shares.

Insider Transactions: Since September 19, 2016, the stock had 0 insider buys, and 4 selling transactions for $3.86 million net activity. 12,000 shares with value of $760,200 were sold by FASSIO JAMES S on Thursday, September 22. $818,693 worth of Ross Stores, Inc. (NASDAQ:ROST) was sold by RENTLER BARBARA. QUESNEL GREGORY L also sold $1.03 million worth of Ross Stores, Inc. (NASDAQ:ROST) shares.

Another recent and important Ross Stores, Inc. (NASDAQ:ROST) news was published by Schaeffersresearch.com which published an article titled: “1Q Breakout Candidates: Signet Jewelers Ltd., Nordstrom, Inc., and Ross Stores …” on December 30, 2016.

According to Zacks Investment Research, “Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. The decisions of the company, from merchandising, purchasing and pricing, to the location of its stores, are aimed at this customer base. The company offers brand name and designer merchandise at low everyday prices, generally below regular prices of most department and specialty stores.”

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

Out of 16 analysts covering Ross Stores Inc. (NASDAQ:ROST), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. Ross Stores Inc. has been the topic of 34 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded Ross Stores, Inc. (NASDAQ:ROST) on Wednesday, March 9 to “Neutral” rating. The rating was initiated by RBC Capital Markets with “Sector Perform” on Friday, November 6. The firm has “Buy” rating given on Monday, August 24 by S&P Research. The rating was maintained by Goldman Sachs on Friday, August 19 with “Neutral”. The company was reinitiated on Thursday, October 22 by Wells Fargo. As per Friday, May 20, the company rating was maintained by Cowen & Co. Cantor Fitzgerald maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Friday, August 21. Cantor Fitzgerald has “Hold” rating and $52 price target. The firm has “Outperform” rating by Wedbush given on Friday, May 20. The firm has “Outperform” rating given on Friday, November 18 by Wedbush. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 19 report.

ROST Company Profile

Ross Stores, Inc., incorporated on March 29, 1989, is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Firm and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam. Ross’ target clients are primarily from middle income households.

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