At the time of writing, Ross Stores, Inc [ROST] stock is trading at $148.60, down -1.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROST shares have lost -3.41% over the last week, with a monthly amount glided 5.17%, and 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 November 12, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $152 from $179. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on August 23, 2024, and elevated its price target to $175. On March 06, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $160 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $142 on February 23, 2024. Cleveland Research upgraded its rating to a Buy. Evercore ISI started tracking with a Outperform rating for this stock on November 07, 2023, and assigned it a price target of $140. In a note dated November 03, 2023, Gordon Haskett upgraded an Buy rating on this stock but restated the target price of $135.
For the past year, the stock price of Ross Stores, Inc fluctuated between $127.53 and $163.60. Currently, Wall Street analysts expect the stock to reach $177.67 within the next 12 months. Ross Stores, Inc [NASDAQ: ROST] shares were valued at $148.60 at the most recent close of the market. An investor can expect a potential return of 19.56% based on the average ROST price forecast.
Analyzing the ROST fundamentals
According to Ross Stores, Inc [NASDAQ:ROST], the company’s sales were 21.24B for trailing twelve months, which represents an 2.97% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 147.39 points at the first support level, and at 146.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 150.95, and for the 2nd resistance point, it is at 153.31.
Ratios To Look Out For
It is important to note that Ross Stores, Inc [NASDAQ:ROST] has a current ratio of 1.57. On the other hand, the Quick Ratio is 0.98, and the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 9.32 and price to earnings (TTM) ratio is 23.39.
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.
