Ross Stores, Inc. [ROST] stock prices are up 0.53% to $153.08 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ROST shares have gain 1.56% over the last week, with a monthly amount drifted -0.73%, 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 August 23, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $175 from $160. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on March 06, 2024, and elevated its price target to $160. On February 23, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $142 on the stock. Cleveland Research upgraded its rating to a Buy. Evercore ISI initiated its recommendation with a Outperform and recommended $140 as its price target on November 07, 2023. Gordon Haskett upgraded its rating to Buy for this stock on November 03, 2023, but kept the price target unchanged to $135. In a note dated August 03, 2023, TD Cowen upgraded an Outperform rating on this stock and boosted its target price from $113 to $129.
The stock price of Ross Stores, Inc. [ROST] has been fluctuating between $108.35 and $163.60 over the past year. Currently, Wall Street analysts expect the stock to reach $154.52 within the next 12 months. Ross Stores, Inc. [NASDAQ: ROST] shares were valued at $153.08 at the most recent close of the market. An investor can expect a potential return of 0.94% based on the average ROST price forecast.
Analyzing the ROST fundamentals
The Ross Stores, Inc. [NASDAQ:ROST] reported sales of 21.09B for trailing twelve months, representing a surge of 7.15%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.42 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 152.11 points at the first support level, and at 151.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 153.78, and for the 2nd resistance point, it is at 154.47.
Ratios To Look Out For
It’s worth pointing out that Ross Stores, Inc. [NASDAQ:ROST]’s Current Ratio is 1.56. As well, the Quick Ratio is 1.05, while the Cash Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 9.91 and price to earnings (TTM) ratio is 24.68.
Transactions by insiders
Recent insider trading involved Hartshorn Michael J., GROUP PRESIDENT, COO, that happened on Sep 16 ’24 when 8366.0 shares were sold. Officer, MICHAEL HARTSHORN completed a deal on Sep 16 ’24 to buy 8366.0 shares. Meanwhile, EXECUTIVE CHAIRMAN BALMUTH MICHAEL sold 14887.0 shares on Sep 05 ’24.
