UBS Reiterates Neutral on Ross Stores (ROST) Following 1Q - PT to $57
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Cowen Cuts Price Target on Ross Stores (ROST) to $61; Sees Buying Opportunity
May 20, 2016 7:47 AM EDTCowen maintained an Outperform rating on Ross Stores, Inc. (NASDAQ: ROST), and cut the price target to $61.00 (from $63.00), following the company's 1Q earnings report. ROST reported EPS of 73c in line with the Street's 73c and above 69-72c guidance. The company's 1Q... More
Ross Stores (ROST) Execution Issues Are Tranistory - Wedbush
May 20, 2016 7:27 AM EDTWedbush analyst, Morry Brown, noted that Ross Stores, Inc. (NASDAQ: ROST) 1Q results fell short of expectations but does not see a material shift in the long-term operating model which continues to take significant amounts of market share from full price retail. The company... More
Unsold U.S. retail inventory a challenge after dismal earnings season
May 20, 2016 7:13 AM EDTBy Nandita Bose
CHICAGO (Reuters) - A pile-up of unsold inventory across U.S. retail chains is likely to squeeze profits further as stores struggle to make up for a weak first quarter marred by weak sales and share declines.
Moving the stale stock of mostly clothes, accessories and electronics is likely to lead to bigger discounts and steeper markdowns, which in turn would reduce chances for a swift profit rebound.
Tepid consumer demand for small discretionary purchases is likely to compound the problem, analysts said.
Disappointing sales by some of the biggest retailers including... More
Ross Stores (ROST) option prices suggested wide price movement into weak margins and same store growth
May 20, 2016 7:04 AM EDTRoss Stores (NASDAQ: ROST) is recently down $3.42 to $52.10 in the premarket after reporting into weak margins and same store growth. May call option implied volatility is at 158, June is at 39; compared to its 52-week range of 19 to 50.
... MoreRoss Stores (ROST) Met Guidance, Not Expectations - Piper Jaffray
May 20, 2016 6:54 AM EDTPiper Jaffray analyst, Neely Tamminga noted that Ross Stores, Inc. (NASDAQ: ROST) FQ1 comp sales of +2% were at the high-end of guidance, but below expectations. EPS of $0.73, was in line with consensus. Management indicated their +2% FQ1 comparable-store sales gain was negatively impacted somewhat by... More
After-Hours Stock Movers 05/19: (ORIG) (AMAT) (MENT) Higher; (DRYS) (AXAS) (SCVL) Lower (more...)
May 19, 2016 6:23 PM EDTToday's After-Hours Movers:
Ocean Rig UDW (NASDAQ: ORIG) 34.3% HIGHER; reported Q1 EPS of $1.17, $0.45 better than the analyst estimate of $0.72. Revenue for the quarter came in at $508 million versus the consensus estimate of $424.66 million.
DryShips (NASDAQ: DRYS) 12% LOWER; reported Q1 EPS of $2.05, versus ($2.23) reported last year. Revenue for the quarter came in at $11.86 million, versus $492.1 million reported last year. For the first quarter of 2016, the Company reported a net income of $55.4 million, or $2.05 basic and diluted... More
Ross Stores (ROST) Reports In-Line Q1 EPS, Offers Q2 & FY EPS Guidance
May 19, 2016 4:03 PM EDT(Updated)
Ross Stores (NASDAQ: ROST) reported Q1 EPS of $0.73, in-line with the analyst estimate of $0.73. Revenue for the quarter came in at $3.09 billion versus the consensus estimate of $3.12 billion.
comparable store sales up 2%GUIDANCE:
Ross Stores sees Q2 2016 EPS of $0.64-$0.67, versus the consensus of $0.70.
forecast same store sales for the second... MoreStraddle prices for companies reporting financial results
May 19, 2016 1:40 PM EDTRoss Stores (NASDAQ: ROST) May 55 straddle priced for 7% movement into Q1
Gap (NYSE: GPS) May 55 straddle priced for 5% movement into Q1
Deere (NYSE: DE) May 82.50 straddle priced for 4.5% movement into Q2
Foot Locker (NYSE: FL) May 57.50 straddle priced for 6% movement into Q1
Ross Stores (ROST) call volume volatility elevated into Q1 and outlook
May 19, 2016 1:16 PM EDTRoss Stores (NASDAQ: ROST) May call option implied volatility is at 158, June is at 39; compared to its 52-week range of 19 to 50, into the expected release of Q1 results today after the market close
... MoreRoss Stores (ROST) Declares $0.135 Quarterly Dividend; 1% Yield
May 19, 2016 6:00 AM EDTRoss Stores (NASDAQ: ROST) declared a quarterly dividend of $0.135 per share, or $0.54 annualized.
The dividend will be payable on June 30, 2016, to stockholders of record on June 7, 2016, with an ex-dividend date of June 3, 2016.
The annual yield on the dividend is 1... More
Ross Stores (ROST) May call volatility elevated ay 98 into Q1 and outlook
May 18, 2016 8:39 AM EDTRoss Stores (NASDAQ: ROST) May call option implied volatility is at 98, June is at 39; compared to its 52-week range of 19 to 50, into the expected release of Q1 results on May 19.
