Ross Stores (ROST) Getting Somewhat Favorable Press Coverage, Accern Reports

Media stories about Ross Stores (NASDAQ:ROST) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty 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 media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the apparel retailer an impact score of 46.7753473285724 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Ross Stores (NASDAQ:ROST) traded down $0.35 during mid-day trading on Wednesday, reaching $76.41. The company’s stock had a trading volume of 2,096,500 shares, compared to its average volume of 2,956,593. 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 $78.81. The company has a market capitalization of $29,333.53, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.34 and a beta of 1.16.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. equities analysts expect that Ross Stores will post 3.28 earnings per share for the current fiscal 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 $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is 20.45%.

ROST has been the subject of several recent research reports. Instinet reiterated a “buy” rating and issued a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Morgan Stanley lifted their price target on Ross Stores from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Telsey Advisory Group lifted their price target on Ross Stores from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $75.00 price target on shares of Ross Stores in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.71.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction 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 document filed with the SEC, which is available through this link. 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.

Insider Buying and Selling by Quarter for Ross Stores (NASDAQ:ROST)

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