Erste Group Sticks to Its Buy Rating for Ross Stores (ROST)
In a report released yesterday, Hans Engel from Erste Group maintained a Buy rating on Ross Stores. The company’s shares closed yesterday at $219.98.
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According to TipRanks, Engel is a 4-star analyst with an average return of 8.5% and a 53.70% success rate. Engel covers the Healthcare sector, focusing on stocks such as Boston Scientific, Johnson & Johnson, and Merck & Company.
In addition to Erste Group, Ross Stores also received a Buy from TipRanks – OpenAI’s OpenAI Apparel – Retail in a report issued yesterday. However, on the same day, TipRanks – Anthropic downgraded Ross Stores (NASDAQ: ROST) to a Hold.
Based on Ross Stores’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $6.64 billion and a net profit of $645.87 million. In comparison, last year the company earned a revenue of $5.91 billion and had a net profit of $586.78 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROST in relation to earlier this year. Last month, William W II Sheehan, the EVP & CFO of ROST sold 4,883.00 shares for a total of $1,059,366.85.
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