Ross Stores, Inc. Earnings Ahead: Quick Glance

Marco Green
May 19, 2017

A number of other equities analysts have also weighed in on ROST. Zacks Investment Research cut shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Friday, March 3rd.

In the quarter ending July 2016, Ross Stores, Inc. delivered smaller earnings beat.

The Stock has Weekly volatility of 2.46% and monthly volatility of 1.70%. Finally, BMO Capital Markets restated a hold rating and set a $72.00 price objective on shares of Ross Stores in a research note on Tuesday, April 18th. Stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 11 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Also, the current price highlights a discount of 733.33% to analysts' high consensus price target.

One reason for my conservative purchase price for ROST is that the stock is now trading at a P/E of around 21.2, which is 3.4% above its 5-year average P/E of 20.4 (see chart below). (NASDAQ:ROST) shares. During recent trading, shares saw a move of 1.82% hitting a price of $62.18. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. The company has market cap of $23.78 billion. Both measures beat or met most expectations: FactSet analysts cited by MarketWatch had forecast earnings of 80 cents per share on sales of $3.27 billion.

Ross Stores Inc. (ROST) has a market capitalization of 24.11 Billion which suggests the company is a huge company further suggesting that the shares of Ross Stores Inc. The mean rating score for this stock is at 3.00. In addition, the company provided forward guidance forecasting same store sales to be up 1% to 2% above last year's 4% gain, with earnings per share of $.73 to $.76 (up from $.71 Y/Y), and to be in the range of $3.07 to $3.17, compared to $2.83 last year. The ex-dividend date is Friday, June 2nd. Investors of record on Tuesday, June 6th will be given a dividend of $0.16 per share. A recommendation of 1 or 2 would represent a consensus Buy. M Partners reinitiated Ross Stores, Inc. CALL JOHN G also sold $1.00 million worth of Ross Stores, Inc. Watching a firm's EV may be useful when comparing companies with different capital structures. If you are viewing this story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright legislation. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air.

Despite the initial 3-4% pop in shares following ROST's earnings, enthusiasm has already faded a bit in today's regular market action with shares now up a bit under 1.5%. Following the transaction, the chairman now directly owns 145,666 shares of the company's stock, valued at approximately $9,801,865.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The insider Hartshorn Michael J. sold 9,585 shares worth $641,627. They now have a United States dollars 63 price target on the stock. Following the completion of the transaction, the chief executive officer now directly owns 546,604 shares in the company, valued at $36,130,524.40. The disclosure for this sale can be found here.

The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value.

Let's take a gaze at how the stock has been performing recently. Alpha Windward LLC increased its stake in shares of Ross Stores by 0.8% in the first quarter. A negative earnings surprise will usually result in a decline in share price. Conning stated it has 0.03% of its portfolio in Ross Stores, Inc.

According to analysts Ross Stores Inc (NASDAQ:ROST)'s minimum EPS for the current quarter is at $0.77 and can go high up to $0.85.

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