Ross Stores (ROST) Receiving Somewhat Favorable News Coverage, Report Finds
Headlines about Ross Stores (NASDAQ:ROST) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ross Stores earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the apparel retailer an impact score of 46.4857103795959 out of 100, meaning 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 media stories that may have impacted Accern’s analysis:
- Ross Stores, Inc. (NASDAQ:ROST) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Volume Moving the Tape For Ross Stores Inc (ROST) – Financial News Review (finnewsreview.com)
- Norges Bank Marginally Lowers Its Stake in Ross Stores, Inc. (ROST) – Modern Readers (modernreaders.com)
- Guess? (GES) & Ross Stores (NASDAQ:ROST) Financial Contrast (americanbankingnews.com)
- Ross Stores, Inc. (ROST) registers a price change of -0.82% while Houghton Mifflin Harcourt Company (HMHC … – Stocks Gallery (stocksgallery.com)
Ross Stores (NASDAQ:ROST) traded down 2.21% on Thursday, hitting $54.80. The company had a trading volume of 3,336,906 shares. Ross Stores has a 12-month low of $52.91 and a 12-month high of $69.81. The firm has a market capitalization of $21.33 billion, a PE ratio of 18.77 and a beta of 1.10. The firm has a 50-day moving average price of $55.54 and a 200-day moving average price of $62.61.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the company earned $0.73 EPS. Ross Stores’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Ross Stores will post $3.16 earnings per share for the current fiscal year.
Several research analysts recently commented on the company. Royal Bank Of Canada set a $67.00 target price on Ross Stores and gave the stock a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, July 12th. William Blair reaffirmed an “outperform” rating on shares of Ross Stores in a research report on Monday, May 22nd. BMO Capital Markets set a $65.00 price objective on Ross Stores and gave the company a “hold” rating in a report on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $69.00 price objective on shares of Ross Stores in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.41.
In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the transaction, the director now directly owns 4,967 shares in the company, valued at $314,063.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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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