Ross Stores, Inc. (ROST) Issues FY18 Earnings Guidance
- Author: Zachary Reyes May 19, 2017,
May 19, 2017, 23:02
The ratio improved, as 304 active investment managers increased or started new equity positions, while 281 decreased and sold stock positions in Ross Stores Inc. Are investors supposed to sell when the stock hits the target? It seems that the stock might see muted action given an ABR of 2.2 or Hold rating.
For the discounters, physical space has maintained its appeal in part due to what the industry calls the in-store "treasure hunt" - that is, when customers walk in looking for a bargain and find a deal they didn't expect. Finally, BMO Capital Markets restated a hold rating and issued a $72.00 price objective on shares of Ross Stores in a report on Tuesday, April 18th.
Ross Stores Inc. was covered by a number of analysts recently, 7 rated the stock as Buy, 8 rated Outperform, 11 rated Hold, 0 gave an Underperform and 0 rated sell. Ross Stores presently has a consensus rating of Hold and a consensus price target of $69.30. Closing price generally refers to the last price at which a stock trades during a regular trading session. Hedge funds and other institutional investors own 91.43% of the company's stock.
On 3/22/2017 Barbara Rentler, CEO, sold 50,481 with an average share price of $66.10 per share and the total transaction amounting to $3,336,794.10. Ross Stores, Inc. (ROST) has made its way to a 12-month gain of 11.34%. The company's market cap is $25.11 Billion, and the average volume is 2.52 Million. (NASDAQ:ROST) shares. Hartshorn Michael J. sold $225,491 worth of Ross Stores, Inc.
Yesterday Ross Stores (NASDAQ:ROST) reported solid first-quarter earnings that beat consensus estimates on both top and bottom lines, while providing positive forward Q2 and full-year guidance.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ROST earned gross profit of 3.1 Billion, in 2015 3.36 Billion gross profit, while in 2016 Ross Stores Inc. Price targets reflect what the analyst believes a stock will be worth four quarters into the future. For the quarter ending Oct-17, 22 analysts have a mean sales target of 3,252.77 million whilst for the year ending Jan-17, 26 analysts have a mean target of 12,813.60 million.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be given a $0.16 dividend. A recommendation of 1 or 2 would represent a consensus Buy. The firm has "Buy" rating given on Friday, June 24 by Miller Tabak. The Return on Equity ratio of Ross Stores Inc. The Return on Investment (ROI) ratio of Ross Stores Inc. If you are viewing this story on another site, it was stolen and republished in violation of US and global trademark and copyright legislation.
Yet another important factor while evaluating a good buy/sell decision for Ross Stores Inc. 51,207 shares valued at $3.45 million were sold by BALMUTH MICHAEL on Tuesday, March 14. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Following the completion of the transaction, the vice president now owns 67,686 shares in the company, valued at $4,530,900.84. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed -10.27% and performed -2.94% over the last six months. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer's stock worth $111,000 after buying an additional 478 shares during the last quarter. MA boosted its stake in Ross Stores by 1.6% in the first quarter. As of January 28, 2017, the Company operated a total of 1,533 stores consisted of 1,340 Ross stores and 193 dd's DISCOUNTS stores.