At the last check on Thursday, Ross Stores Inc.’s (NASDAQ:ROST) stock was down -$0.48, moving down -0.42 percent to $114.75. The average number of shares traded per day over the past five days has been 1,831,071 shares. 3 times new highs have been achieved over the past 5 days, with a $0.96 gain in that time frame. In the last twenty days, the average volume was 1,918,493, while in the previous 50 days, it was 2,164,431.
Since last month, ROST stock rose 1.89%. Shares of the company fell to $109.90 on 07/18/23, the lowest level in the past month. A 52-week high of $122.44 was reached on 01/06/23 after having rallying from a 52-week low of $81.21. Since the beginning of this year, ROST’s stock price has dropped by -1.14% or -$1.23, and marked a new high 4 times. However, the stock has declined by -6.28% since its 52-week high.
ROST stock investors should be aware that Ross Stores Inc. (ROST) stock had its last reported insider trading activity 79 days ago on May 30. RENTLER BARBARA, the CHIEF EXECUTIVE OFFICER of the company, disposed of 11,866 shares for $102.54 on May 30. It resulted in a $1,216,711 divestment by the insider. RENTLER BARBARA sold 30,000 shares at an average price of $102.39 on May 25. The insider now owns 337,233 shares following the transaction. On Apr 06, PRES., CHIEF CAPABILITY OFCR KOBAYASHI MICHAEL K sold 12,221 shares at $106.00 apiece. The transaction was valued at $1,295,457.
Valuation Metrics
Right now, Ross Stores Inc. (ROST) has a P/E ratio of about 25.48. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 2.08, the price-to-book (PB) ratio of 9.00, and the price-to-cash flow ratio of 21.72 may also be considered.
The latest dividend of $0.3350 per share was paid out, remained unchanged from last year’s $0.3350.
Financial Health
In the three months ended April 29, Ross Stores Inc.’s quick ratio stood at 1.30, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.57, and the total debt-to-equity ratio was 0.57. On the profitability front, the trailing twelve-month gross margin is 25.50% percent. In the year ended April 29, EBITDA margin amounted to 12.76%, whereas operating margins totaled 10.50%. Based on annual data, ROST earned $4.75 billion in gross profit and brought in $18.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.50%. Return on equity (ROE) for the past 12 months was 36.60%.
In Ross Stores Inc.’s quarter-end financial report for April 29, it reported total debt of $2.46 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ROST’s revenue rose 3.2% to $5.19 billion during the quarter, while net income inched up to $4.49 billion. While analysts expected Ross Stores Inc. to report $1.06 quarterly earnings, the actual figure was $1.09 per share, beating the consensus estimate by 2.80%. During the quarter, the company generated $555.24 million in EBITDA. The liabilities of Ross Stores Inc. were 9.31 billion at the end of its most recent quarter ended April 29, and its total debt was $5.73 billion. The value of shareholders’ equity is $340.66 million.
Technical Picture
This quick technical analysis looks at Ross Stores Inc.’s (ROST) price momentum. With a historical volatility rate of 8.43%, the RSI 9-day stood at 63.25% on 16 August.
With respect to its five-day moving average, the current Ross Stores Inc. price is up by +0.84% percent or $0.96. At present, ROST shares trade +2.35% above its 20-day simple moving average and +13.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.77% above its SMA50 and +20.44% above its SMA200.
Stochastic coefficient K was 60.68% and Stochastic coefficient D was 61.26%, while ATR was 1.82. Given the Stochastic reading of 56.21% for the 14-day period, the RSI (14) reading has been calculated as 61.90%. As of today, the MACD Oscillator reading stands at 0.79, while the 14-day reading stands at 1.07.
Analyst Ratings
TD Cowen upgraded its rating on Ross Stores Inc. (NASDAQ: ROST) to an Outperform in a note to investors on August 03, 2023. The analysts firm previously had a Market perform rating on the stock.Ross Stores Inc. (ROST) has been rated Overweight by analysts. According to 1 brokerage firm, ROST is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Ross Stores Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $125.00, the current consensus forecast for the stock is $80.00 – $136.00. Based on these forecasts, analysts predict Ross Stores Inc. (ROST) will achieve an average price target of $122.75.
