News headlines about Ross Stores (NASDAQ:ROST) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ross Stores earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the apparel retailer an impact score of 46.3075040400106 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of brokerages have recently weighed in on ROST. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of Ross Stores in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Thursday, September 14th. Bank of America reiterated a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a report on Sunday, August 20th. Telsey Advisory Group reiterated a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. Finally, Nomura set a $80.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.71.
Ross Stores (ROST) traded up $0.45 on Friday, hitting $75.96. 4,380,000 shares of the stock traded hands, compared to its average volume of 3,090,000. The stock has a market capitalization of $29,030.00, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. Ross Stores has a 52-week low of $52.85 and a 52-week high of $78.81.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $0.62 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. research analysts expect that Ross Stores will post 3.28 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 0.84%. Ross Stores’s dividend payout ratio is currently 20.45%.
In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.
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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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