Ross Stores Inc. (NASDAQ:ROST) finished Wednesday with an addition of $4.09 to close at $121.88, an upside of 3.47 percent. An average of 3,971,640 shares of common stock have been traded in the last five days. There was a gain of $6.65 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 2,358,785 shares traded, while the 50-day average volume stands at 2,337,236.
ROST stock has increased by 8.33% in the last month. The company shares reached their 1-month lowest point of $111.40 on 07/25/23. With the stock rallying to its 52-week high on 08/23/23, shares of the company touched a low of $81.21 and a high of $122.44 in 52 weeks. It has reached a new high 5 times so far this year and achieved 5.01% or $5.81 in price. In spite of this, the price is down -0.46% from the 52-week high.
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Insider Transactions
ROST stock investors should be aware that Ross Stores Inc. (ROST) stock had its last reported insider trading activity 86 days ago on May 30. In this transaction, the insider spent $1,216,711. CHIEF EXECUTIVE OFFICER, RENTLER BARBARA, disposed of 30,000 shares at a price of $102.39 on May 25. The insider now owns more than $3,071,808 worth of shares. Prior to that, PRES., CHIEF CAPABILITY OFCR KOBAYASHI MICHAEL K went on to Sale 12,221 shares at $106.00 each on Apr 06. An amount of $1,295,457 was transacted.
Valuation Metrics
Ross Stores Inc. (ROST) has a trailing price-to-earnings (P/E) ratio of 25.85. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.06, the price-to-book (PB) ratio at 9.56, and the price-to-cash flow ratio at 38.19.
Financial Health
The quick ratio of Ross Stores Inc. for the three months ended July 30 was 1.30, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.57 and a total debt to equity ratio of 0.57 for the quarter ending July 30. Ross Stores Inc.’s EBITDA margin for the year ending July 30 is 12.76%, while its operating margin for the same period stands at 10.40%. Its gross profit as reported stood at $4.75 billion compared to revenue of $18.7 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ross Stores Inc.’s return on assets was 11.30%.
Earnings Surprise
For the three-month period that ended July 30, Ross Stores Inc. had $2.46 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $371.19 million in the quarter, while revenues were grew 8.82%. The analyst consensus anticipated Ross Stores Inc.’s latest quarter earnings to come in at $1.16 per share, but it turned out to be $1.32, a 13.80% surprise. For the quarter, EBITDA amounted to $555.24 million. Shareholders own equity worth $340.66 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ross Stores Inc. (ROST) price momentum. RSI 9-day as of the close on 23 August was 74.56%, suggesting the stock is Overbought, with historical volatility in this time frame at 31.69%.
As of today, ROST’s price is $118.12 +5.77% or $6.65 from its 5-day moving average. ROST is currently trading +7.40% higher than its 20-day SMA and +18.18% higher than its 100-day SMA. However, the stock’s current price level is +14.58% above the SMA50 and +32.05% above the SMA200.
The stochastic %K and %D were 81.28% and 73.61%, respectively, and the average true range (ATR) was 2.75. With the 14-day stochastic at 92.36% and the average true range at 2.47, the RSI (14) stands at 71.61%. The stock has reached 3.24 on the 9-day MACD Oscillator while the 14-day reading was at 4.36.
Analyst Ratings
TD Cowen upgraded Ross Stores Inc. (NASDAQ: ROST) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Ross Stores Inc. (ROST) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ROST, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 12 others rate it as a “buy”.
What is ROST’s price target for the next 12 months?
Analysts predict a range of price targets between $84.00 and $142.00, with a median target of $133.50. Taking a look at these predictions, the average price target given by analysts for Ross Stores Inc. (ROST) stock is $129.45.
