Somewhat Positive News Coverage Somewhat Unlikely to Impact Ross Stores (ROST) Stock Price
Headlines about Ross Stores (NASDAQ:ROST) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 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 closest to one being the most favorable. Ross Stores earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the apparel retailer an impact score of 45.9999809299345 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Commit To Purchase Ross Stores At $82.50, Earn 21.7% Annualized Using Options (nasdaq.com)
- Somerset Trust Company Raised Its Position in Ross Stores Com (ROST) as Share Price Declined; Mastercard Cl A … – Hill Country Times (hillcountrytimes.com)
- Investors Buy High Volume of Call Options on Ross Stores (ROST) (americanbankingnews.com)
- Fresh Thoughts On NVR, Ross Stores, Hasbro, Hooker Furniture, And Spectrum Brand Holdings (forbes.com)
- What the sentiment indicator is Signaling: Ross Stores, Inc. (ROST), Coty Inc. (COTY) – Market Movers (financialqz.com)
Ross Stores (NASDAQ ROST) traded up $0.72 during midday trading on Monday, reaching $84.48. The company’s stock had a trading volume of 1,762,699 shares, compared to its average volume of 2,463,043. The firm has a market cap of $32,280.00, a P/E ratio of 26.99, a P/E/G ratio of 2.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. Ross Stores has a 52 week low of $52.85 and a 52 week high of $84.56.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, November 30th. Ross Stores’s dividend payout ratio is currently 20.45%.
A number of brokerages recently issued reports on ROST. Nomura reissued a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Ross Stores in a research report on Wednesday, January 17th. BidaskClub downgraded Ross Stores from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Cowen set a $78.00 price objective on Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 18th. Jefferies Group set a $66.00 price objective on Ross Stores and gave the stock a “hold” rating in a research report on Saturday, November 18th. Finally, Buckingham Research raised their price objective on Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Ross Stores currently has an average rating of “Buy” and a consensus target price of $74.19.
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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