News articles about Ross Stores (NASDAQ:ROST) have trended positive on Saturday, according to Alpha One Sentiment. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ross Stores earned a news impact score of 0.41 on Alpha One’s scale. Alpha One also assigned press coverage about the apparel retailer an impact score of 40 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
A number of research firms have recently issued reports on ROST. Instinet boosted their price target on shares of Ross Stores from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, March 1st. Telsey Advisory Group boosted their price objective on shares of Ross Stores from $70.00 to $77.00 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. Wedbush boosted their price objective on shares of Ross Stores from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Jefferies Group LLC boosted their price objective on shares of Ross Stores from $59.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets boosted their price objective on shares of Ross Stores from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Ross Stores currently has an average rating of “Hold” and a consensus target price of $69.61.
Ross Stores (NASDAQ:ROST) traded up 0.20% during mid-day trading on Friday, hitting $64.70. 1,922,288 shares of the company traded hands. The company’s 50-day moving average is $64.82 and its 200-day moving average is $65.93. Ross Stores has a one year low of $52.00 and a one year high of $69.81. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 22.86 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last released its earnings results on Tuesday, February 28th. The apparel retailer reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The business earned $3.51 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Analysts predict that Ross Stores will post $3.15 EPS for the current year.
In other Ross Stores news, Chairman Michael Balmuth sold 51,207 shares of Ross Stores stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $67.29, for a total transaction of $3,445,719.03. Following the completion of the transaction, the chairman now directly owns 145,666 shares of the company’s stock, valued at $9,801,865.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael J. Hartshorn sold 9,585 shares of Ross Stores stock in a transaction on Friday, March 10th. The stock was sold at an average price of $66.94, for a total transaction of $641,619.90. Following the transaction, the vice president now directly owns 67,686 shares of the company’s stock, valued at $4,530,900.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,294 shares of company stock valued at $12,793,360. Company insiders own 2.40% of the company’s stock.
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.