Press coverage about Ross Stores (NASDAQ:ROST) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ross Stores earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the apparel retailer an impact score of 46.1987602284905 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Rope in Stocks: Ross Stores, Inc., (NASDAQ: ROST), Nabriva Therapeutics plc, (NASDAQ: NBRV), DDR Corp., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- TJX Companies (TJX) Q3 Earnings & Sales Up Y/Y, Comps Flat (finance.yahoo.com)
- Flossbach VON Storch AG Buys A Lot More Ross Stores Inc (ROST) Stock – First News 24 (firstnewspaper24.com)
- Will Ross Stores (ROST) Surpass Earnings Estimates in Q3? – Nasdaq (nasdaq.com)
- Ross Stores (ROST) versus Stein Mart (SMRT) Head to Head Contrast (americanbankingnews.com)
Ross Stores (NASDAQ ROST) opened at $64.47 on Wednesday. The firm has a market capitalization of $25,028.79, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. Ross Stores has a 52 week low of $52.85 and a 52 week high of $69.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. equities research analysts anticipate that Ross Stores will post 3.22 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, August 21st. Buckingham Research restated a “neutral” rating and issued a $71.00 price target on shares of Ross Stores in a research report on Thursday, October 19th. Instinet reissued a “buy” rating and set a $74.00 price target on shares of Ross Stores in a report on Sunday, August 20th. UBS AG lowered their price objective on shares of 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, Bank of America Corporation reiterated a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Ross Stores currently has an average rating of “Buy” and a consensus target price of $70.21.
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In related news, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction on 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 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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