At the time of writing, Ross Stores, Inc. [ROST] stock is trading at $139.94, up 1.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROST shares have gain 0.16% over the last week, with a monthly amount drifted -4.47%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Ross Stores, Inc. fluctuated between $99.00 and $151.12. Currently, Wall Street analysts expect the stock to reach $127.95 within the next 12 months. Ross Stores, Inc. [NASDAQ: ROST] shares were valued at $139.94 at the most recent close of the market. An investor can expect a potential drop of -8.57% based on the average ROST price forecast.
Analyzing the ROST fundamentals
According to Ross Stores, Inc. [NASDAQ:ROST], the company’s sales were 20.38B for trailing twelve months, which represents an 15.50% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 138.67 points at the first support level, and at 137.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.77, and for the 2nd resistance point, it is at 141.59.
Ratios To Look Out For
It is important to note that Ross Stores, Inc. [NASDAQ:ROST] has a current ratio of 1.77. On the other hand, the Quick Ratio is 1.24, and the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 9.63 and price to earnings (TTM) ratio is 25.16.
Transactions by insiders
Recent insider trading involved Fleming Karen, PRESIDENT, CMO DD’S DISCOUNTS, that happened on Apr 01 ’24 when 35.0 shares were purchased. PRES., CHIEF CAPABILITY OFC’R, KOBAYASHI MICHAEL K completed a deal on Mar 28 ’24 to sell 13860.0 shares. Meanwhile, Director RENDA LARREE M sold 4168.0 shares on Mar 28 ’24.
