Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ross Stores (ROST) Share Price
Headlines about Ross Stores (NASDAQ:ROST) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ross Stores earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the apparel retailer an impact score of 47.046393642269 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Ross Stores, Inc. (ROST) Price Target Raised to $75.00 (americanbankingnews.com)
- Telsey Advisory Group Reiterates Buy Rating for Ross Stores, Inc. (ROST) (americanbankingnews.com)
- Ross Stores (ROST) Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Ross Stores, Inc. (ROST) PT Raised to $77 at Morgan Stanley, ‘A Force to be Reckoned With’ (streetinsider.com)
- Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance (businesswire.com)
A number of brokerages recently issued reports on ROST. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price objective on shares of Ross Stores from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group raised their price objective on shares of Ross Stores from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Friday. MKM Partners raised their price objective on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Buckingham Research raised their price objective on shares of Ross Stores from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $72.48.
Shares of Ross Stores (NASDAQ ROST) opened at $72.25 on Friday. The company has a market cap of $27,859.02, a P/E ratio of 23.08, a PEG ratio of 2.24 and a beta of 1.10. Ross Stores has a 52-week low of $52.85 and a 52-week high of $73.94. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.48%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. research analysts expect that Ross Stores will post 3.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is 20.45%.
In related news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total value of $402,052.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of Ross Stores 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. Company insiders own 2.30% of the company’s stock.
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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