Ross Stores (ROST) Receiving Somewhat Positive News Coverage, Analysis Finds
News coverage about Ross Stores (NASDAQ:ROST) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ross Stores earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the apparel retailer an impact score of 45.7764233562548 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Can Ross Stores (ROST) Keep Its Solid Growth Story Intact? – Nasdaq (nasdaq.com)
- Ross Stores, Inc. (ROST) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Nice Rebound for Ross Stores (crossingwallstreet.com)
- Hurricane Harvey May Have Been A Tailwind For Ross Stores (benzinga.com)
Several brokerages have recently issued reports on ROST. BidaskClub cut Ross Stores from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada set a $67.00 price target on Ross Stores and gave the company a “hold” rating in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, July 12th. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research note on Thursday, July 6th. Finally, Telsey Advisory Group raised shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Friday, July 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.17.
Ross Stores (NASDAQ ROST) opened at 64.57 on Monday. Ross Stores has a 1-year low of $52.85 and a 1-year high of $69.81. The firm’s 50 day moving average price is $57.77 and its 200-day moving average price is $60.76. The stock has a market cap of $24.90 billion, a price-to-earnings ratio of 21.32 and a beta of 1.09.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Ross Stores will post $3.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, September 6th. Ross Stores’s dividend payout ratio is currently 21.12%.
In other news, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.
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Ross Stores Company Profile
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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