Azimuth Capital Management Has Lowered Ross Stores (ROST) Position By $1.73 Million, Lakeland Industries Has 2.57 Sentiment

June 20, 2017 - By Clifton Ray

Azimuth Capital Management Llc decreased Ross Stores (ROST) stake by 15.83% reported in 2016Q4 SEC filing. Azimuth Capital Management Llc sold 26,635 shares as Ross Stores (ROST)’s stock declined 9.26%. The Azimuth Capital Management Llc holds 141,585 shares with $9.29M value, down from 168,220 last quarter. Ross Stores now has $23.00 billion valuation. The stock declined 3.46% or $2.1 reaching $58.55 per share. About 1.46 million shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since June 20, 2016 and is uptrending. It has underperformed by 4.67% the S&P500.

Lakeland Industries, Inc. makes and sells a line of safety garments and accessories for the industrial and public protective clothing market. The company has market cap of $97.01 million. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. It has a 16.96 P/E ratio. The Company’s products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,200 North American safety and mill supply distributors.

About 8,575 shares traded. Lakeland Industries, Inc. (LAKE) has risen 32.68% since June 20, 2016 and is uptrending. It has outperformed by 15.98% the S&P500.

Parthenon Llc holds 0.42% of its portfolio in Lakeland Industries, Inc. for 165,763 shares. First Wilshire Securities Management Inc owns 93,705 shares or 0.28% of their US portfolio. Moreover, Morgan Dempsey Capital Management Llc has 0.28% invested in the company for 95,030 shares. The Us-based Ancora Advisors Llc has invested 0.22% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 11,403 shares.

Since January 1, 0001, it had 0 buys, and 6 selling transactions for $361,237 activity.

Since March 10, 2017, it had 0 buys, and 11 insider sales for $13.81 million activity. Another trade for 3,360 shares valued at $225,491 was made by Hartshorn Michael J. on Monday, March 20. Shares for $1.02 million were sold by GARRETT SHARON D on Monday, May 22. Another trade for 50,481 shares valued at $3.34 million was made by RENTLER BARBARA on Wednesday, March 22. 7,426 shares were sold by BUSH MICHAEL J, worth $493,883. BALMUTH MICHAEL had sold 51,207 shares worth $3.45M. On Thursday, March 23 the insider Brautigan Bernard G. sold $1.88M. Another trade for 14,792 shares valued at $989,330 was made by Panattoni Lisa R on Monday, March 20.

Among 17 analysts covering Ross Stores Inc. (NASDAQ:ROST), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Ross Stores Inc. had 37 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets initiated it with “Sector Perform” rating and $55 target in Friday, November 6 report. The firm has “Buy” rating by Deutsche Bank given on Wednesday, March 2. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Buy” rating by Citigroup on Monday, August 22. The rating was maintained by Bernstein with “Market Perform” on Wednesday, March 2. Goldman Sachs maintained Ross Stores, Inc. (NASDAQ:ROST) rating on Friday, August 19. Goldman Sachs has “Neutral” rating and $67 target. The firm earned “Buy” rating on Friday, August 19 by Citigroup. The firm has “Neutral” rating given on Friday, August 19 by UBS. The rating was downgraded by Goldman Sachs on Wednesday, March 9 to “Neutral”. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Neutral” rating given on Wednesday, March 1 by Citigroup. Piper Jaffray downgraded Ross Stores, Inc. (NASDAQ:ROST) on Wednesday, May 11 to “Underweight” rating.

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.24, from 0.84 in 2016Q3. It improved, as 41 investors sold ROST shares while 240 reduced holdings. 106 funds opened positions while 198 raised stakes. 341.62 million shares or 0.09% more from 341.30 million shares in 2016Q3 were reported. Buckingham Cap Management Inc accumulated 94,337 shares. Churchill stated it has 68,841 shares. State Of Alaska Department Of Revenue accumulated 3,273 shares or 0.02% of the stock. 221,963 were accumulated by North Point Managers Oh. 42,617 are held by Hudson Bay Cap Mngmt L P. First Heartland Consultants holds 0.12% in Ross Stores, Inc. (NASDAQ:ROST) or 6,000 shares. 3,825 are held by Cipher Cap L P. 64,001 are held by Arrowgrass Capital Partners Ltd Liability Partnership. 57,916 are owned by Alphamark Advsr Limited Liability Corp. Peddock Cap Advisors Ltd Liability invested in 0% or 22 shares. 6,835 were accumulated by Beck Capital Management. California State Teachers Retirement Systems holds 0.11% or 819,344 shares in its portfolio. Proshare Advisors has 0.11% invested in Ross Stores, Inc. (NASDAQ:ROST) for 155,612 shares. Brown Brothers Harriman holds 400 shares or 0% of its portfolio. Jarislowsky Fraser Limited accumulated 0% or 8,000 shares.

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