News stories about Ross Stores (NASDAQ:ROST) have trended somewhat positive on Monday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. 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 0.13 on Accern’s scale. Accern also gave headlines about the apparel retailer an impact score of 47.046393642269 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
ROST has been the subject of several analyst reports. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and issued a $64.00 price objective (down from $70.00) on shares of Ross Stores in a research note on Tuesday, August 8th. BMO Capital Markets set a $65.00 price objective on Ross Stores and gave the stock a “hold” rating in a research note on Tuesday, August 8th. UBS decreased their price target on Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, August 18th. Finally, Wolfe Research decreased their price target on Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Ross Stores currently has an average rating of “Buy” and an average price target of $73.71.
Ross Stores (ROST) traded up $2.28 during trading on Monday, hitting $78.01. The stock had a trading volume of 4,498,211 shares, compared to its average volume of 2,979,292. Ross Stores has a 52-week low of $52.85 and a 52-week high of $78.81. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $30,080.00, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.31 and a beta of 1.15.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts forecast that Ross Stores will post 3.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio 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 stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company 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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