Research Recommendations For Ross Stores Inc. (ROST): Here is What You Should Know

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Ross Stores Inc. (NASDAQ:ROST) saw an upside of 1.68% to close Tuesday at $117.72 after adding $1.94 on the day. The 5-day average trading volume is 1,927,200 shares of the company’s common stock. It has gained $120.15 in the past week and touched a new high 1 time within the past 5 days. An average of 1,926,410 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,613,992.

ROST’s 1-month performance is 2.25% or $2.24 on its low of $114.26 reached on 12/28/22. The company’s shares have touched a 52-week low of $69.24 and high of $122.44, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, ROST has achieved 1.42% or $1.65 and has reached a new high 4 times. However, the current price is down -3.86% from the 52-week high price.


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Insider Transactions

ROST stock investors last saw insider trading activity on Jun 08.BUSH MICHAEL J (Director) most recently sold 1,000 shares at $81.46 per share on Jun 08. This transaction cost the insider $81,456.

Valuation Metrics

ROST stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.19 while the price-to-book (PB) in the most recent quarter is 9.71.

Ross Stores Inc.’s quick ratio for the period ended July 30 was 1.20, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.59, while the total debt to equity was 0.59.. In terms of profitability, the gross margin trailing 12 months is 25.40%. The firm’s gross profit as reported stood at $5.21 billion against revenue of $18.92 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ROST to announce $0.99 per share in earnings in its latest quarter, but it posted $1.11, representing a 12.10% surprise. EBITDA for the quarter stood at more than $549.46 million. ROST stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 8.95 billion, with total debt at $5.63 billion. Shareholders hold equity totaling $344.37 million.

Let’s look briefly at Ross Stores Inc. (ROST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 52.57% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.70%.

The stock’s 5-day moving average is $116.47, reflecting a -1.70% or -$2.04 change from its current price. ROST is currently trading +3.30% above its 20-day SMA, +36.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.91% and SMA200 by+24.98%.

Stochastic %K and %D was 25.63% and 22.02% and the average true range (ATR) pointed at 2.07. The RSI (14) points at 54.73%, while the 14-day stochastic is at 41.77% with the period’s ATR at 2.22. The stock’s 9-day MACD Oscillator is pointing at -1.41 and -1.94 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Ross Stores Inc. (NASDAQ: ROST), Gordon Haskett upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for ROST stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ROST as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.

What is ROST’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $103.00 and a high of $139.00, with their median price target at $124.00. Looking at these predictions, the average price target given by analysts is for Ross Stores Inc. (ROST) stock is $122.70.

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