Ross Stores, Inc. [ROST] stock prices are up 0.55% to $150.45 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ROST shares have gain 3.89% over the last week, with a monthly amount glided 5.25%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time.
From an analyst’s perspective:
Ross Stores, Inc. [NASDAQ: ROST] stock has seen the most recent analyst activity on February 23, 2024, when UBS upgraded its rating to a Neutral and also boosted its price target to $142 from $85. Previously, Cleveland Research upgraded its rating to Buy on February 08, 2024. On November 07, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $140 on the stock. Gordon Haskett upgraded its rating to a Buy but stick to its price target of $135 on November 03, 2023. TD Cowen upgraded its rating to a Outperform and raised its price target to $129 on August 03, 2023. Piper Sandler started tracking with a Neutral rating for this stock on June 29, 2023, and assigned it a price target of $112. In a note dated June 26, 2023, Gordon Haskett downgraded an Accumulate rating on this stock but restated the target price of $120.
The stock price of Ross Stores, Inc. [ROST] has been fluctuating between $99.00 and $149.86 over the past year. Currently, Wall Street analysts expect the stock to reach $121.63 within the next 12 months. Ross Stores, Inc. [NASDAQ: ROST] shares were valued at $150.45 at the most recent close of the market. An investor can expect a potential drop of -19.16% based on the average ROST price forecast.
Analyzing the ROST fundamentals
The Ross Stores, Inc. [NASDAQ:ROST] reported sales of 19.57B for trailing twelve months, representing a surge of 7.87%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.39 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 149.46 points at the first support level, and at 148.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 151.24, and for the 2nd resistance point, it is at 152.04.
Ross Stores, Inc. [ROST] reported earnings per share of $1.33 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.22/share, meaning a difference of $0.11 and a surprise factor of 9.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $1.32 per share as compared to estimates of $1.16 per share, a difference of $0.16 representing a surprise of 13.80%.
Ratios To Look Out For
It’s worth pointing out that Ross Stores, Inc. [NASDAQ:ROST]’s Current Ratio is 1.70. On the other hand, the Quick Ratio is 1.11, and the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 2.59, the price to book ratio is 11.06 and price to earnings (TTM) ratio is 29.79.
Transactions by insiders
Recent insider trading involved KOBAYASHI MICHAEL K, PRES., CHIEF CAPABILITY OFC’R, that happened on Oct 06 when 20749.0 shares were sold. CHIEF EXECUTIVE OFFICER, RENTLER BARBARA completed a deal on Aug 29 to sell 10091.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 23254.0 shares on Aug 28.
