News articles about Ross Stores (NASDAQ:ROST) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 news impact score of 0.21 on Accern’s scale. Accern also gave news coverage about the apparel retailer an impact score of 46.5331455521604 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Zacks: Analysts Anticipate Ross Stores, Inc. (ROST) Will Post Quarterly Sales of $3.27 Billion (americanbankingnews.com)
- Zacks: Brokerages Expect Ross Stores, Inc. (ROST) to Announce $0.67 Earnings Per Share (americanbankingnews.com)
- Trading Gauge: Percentage Price Oscillator Lower Than the Signal Line for Ross Stores Inc (ROST) – Stonington Post (stoningtonpost.com)
- Which Way Traders Signposts Raytheon Company (RTN), Ross … – Newburgh Gazette (newburghgazette.com)
- Ross Stores, Inc. (ROST) to Release Earnings on Thursday (americanbankingnews.com)
ROST has been the topic of several recent research reports. Instinet reaffirmed a “buy” rating and issued a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Credit Suisse Group reissued a “neutral” rating and set a $64.00 target price (down previously from $70.00) on shares of Ross Stores in a research report on Wednesday, August 2nd. BidaskClub raised shares of Ross Stores from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $75.00 target price on shares of Ross Stores in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Ross Stores presently has a consensus rating of “Buy” and an average price target of $70.21.
Ross Stores (NASDAQ ROST) opened at $65.76 on Monday. Ross Stores has a one year low of $52.85 and a one year high of $69.81. The firm has a market cap of $25,356.54, a P/E ratio of 21.70, a P/E/G ratio of 2.04 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.14.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share 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 during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the business earned $0.71 EPS. Ross Stores’s revenue was up 7.9% compared to the same quarter last year. equities analysts predict that Ross Stores will post 3.22 earnings per share for the current fiscal year.
In related news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
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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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