Ross Stores, Inc. [ROST] stock is trading at $146.02, down -0.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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On 11, March 2024, ROSS STORES OPENS 18 NEW LOCATIONS. In a post published today on Yahoo Finance, TARGETING APPROXIMATELY 90 OPENINGS IN 2024.
From an analyst’s perspective:
Ross Stores, Inc. [NASDAQ: ROST] stock has seen the most recent analyst activity on March 06, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $160 from $135. Previously, UBS upgraded its rating to Neutral on February 23, 2024, and elevated its price target to $142. On February 08, 2024, upgrade upgraded it’s rating to Buy. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $140 on November 07, 2023. Gordon Haskett upgraded its rating to a Buy but $135 remained the price target by the analyst firm on November 03, 2023. TD Cowen upgraded its rating to Outperform for this stock on August 03, 2023, and upped its price target to $129. In a note dated June 29, 2023, Piper Sandler initiated an Neutral rating and provided a target price of $112 on this stock.
Ross Stores, Inc. [ROST] stock has fluctuated between $99.00 and $151.12 over the past year. Currently, Wall Street analysts expect the stock to reach $124.68 within the next 12 months. Ross Stores, Inc. [NASDAQ: ROST] shares were valued at $146.02 at the most recent close of the market. An investor can expect a potential drop of -14.61% based on the average ROST price forecast.
Analyzing the ROST fundamentals
Ross Stores, Inc. [NASDAQ:ROST] reported sales of 20.38B for the trailing twelve months, which represents a growth of 15.50%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.12%, 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 0.13, Equity is 0.41 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 145.12 points at the first support level, and at 144.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 147.40, and for the 2nd resistance point, it is at 148.78.
Ross Stores, Inc. [ROST] reported earnings per share of $1.82 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.65/share, meaning a difference of $0.17 and a surprise factor of 10.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.33 per share as compared to estimates of $1.22 per share, a difference of $0.11 representing a surprise of 9.00%.
Ratios To Look Out For
For context, Ross Stores, Inc.’s Current Ratio is 1.77. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 1.17. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 10.74 and price to earnings (TTM) ratio is 26.25.
Transactions by insiders
Recent insider trading involved KOBAYASHI MICHAEL K, PRES., CHIEF CAPABILITY OFC’R, that happened on Oct 06 ’23 when 20749.0 shares were sold. CHIEF EXECUTIVE OFFICER, RENTLER BARBARA completed a deal on Aug 29 ’23 to sell 10091.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 23254.0 shares on Aug 28 ’23.
