Ross Stores (ROST) Earns Daily News Impact Score of 0.18
Headlines about Ross Stores (NASDAQ:ROST) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ross Stores earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the apparel retailer an impact score of 46.1987602284905 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Ross Stores Announces Third Quarter 2017 Earnings Release and Conference Call – GlobeNewswire (press release) (globenewswire.com)
- Financial Review: Stage Stores (SSI) versus Ross Stores (ROST) (americanbankingnews.com)
- Citigroup issues 'sell' on JCPenney, Macy's—retail stocks plunge (finance.yahoo.com)
Ross Stores (NASDAQ:ROST) opened at $64.13 on Monday. The firm has a market cap of $24,728.02, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64. Ross Stores has a 12-month low of $52.85 and a 12-month high of $69.81.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. Ross Stores’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. analysts expect that Ross Stores will post 3.22 EPS for the current year.
Several analysts recently issued reports on ROST shares. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, August 21st. Buckingham Research restated a “neutral” rating and set a $71.00 target price on shares of Ross Stores in a research report on Thursday, October 19th. Instinet restated a “buy” rating and set a $74.00 target price on shares of Ross Stores in a research report on Sunday, August 20th. UBS AG cut their target price on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, August 18th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Friday, July 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $70.21.
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In related news, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
About Ross Stores
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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