Ross Stores (ROST) Receives Daily Media Impact Rating of 0.12
News coverage about Ross Stores (NASDAQ:ROST) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the apparel retailer an impact score of 46.1350313173755 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Ross Stores Donates $400,000 To American Red Cross For Hurricane Harvey Relief Efforts (finance.yahoo.com)
- Ross Stores, Inc. – Value Analysis (NASDAQ:ROST) : August 29, 2017 (finance.yahoo.com)
- The Retailers Strike Back: Much-Maligned Sector Shows Signs Of Life (feeds.benzinga.com)
- Analysts Expect Ross Stores, Inc. (ROST) Will Post Quarterly Sales of $3.27 Billion (americanbankingnews.com)
- Ross Dress for Less opening new store at Oahu shopping mall (bizjournals.com)
ROST has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, August 21st. Royal Bank Of Canada set a $70.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a report on Monday, May 15th. Instinet reissued a “buy” rating and set a $74.00 price target on shares of Ross Stores in a report on Sunday, August 20th. Telsey Advisory Group raised shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. Finally, UBS AG lowered their price target on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.28.
Shares of Ross Stores (NASDAQ:ROST) opened at 58.43 on Thursday. The stock has a 50 day moving average of $55.44 and a 200-day moving average of $61.85. The firm has a market capitalization of $22.38 billion, a PE ratio of 19.30 and a beta of 1.10. Ross Stores has a 12 month low of $52.85 and a 12 month high of $69.81.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Ross Stores will post $3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.10%. Ross Stores’s dividend payout ratio is currently 21.12%.
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.
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.