The stock of Ross Stores Inc. (NASDAQ:ROST) increased by $1.09 on Tuesday to finish at $121.02, up 0.91 percent. The last five days have seen an average of 3,334,480 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $4.95. The average number of shares traded over the last 20 days was 2,648,970, while the average volume over the last 50 days totaled 2,368,530.
ROST stock appreciated 5.57% since last month. On 08/02/23, the company’s shares reached a one-month low of $111.49. The stock touched a high of $122.70 on 08/23/23, after rallying from a low of $81.21 in 52 weeks. The price of ROST stock has risen by 4.26% or $4.95 this year, reaching a new high 5 times. Still, the stock price is down -1.37% from the 52-week high.
Insider Transactions
ROST stock investors should be aware that Ross Stores Inc. (ROST) stock had its last reported insider trading activity 2 days ago on Aug 28. On Aug 28, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 23,254 shares at $120.02 each. This transaction resulted in the insider making $2,790,971. On Aug 25, RENTLER BARBARA sold 20,000 shares at a price of US$119.07. After the transaction, the insider now owns 305,425 shares. PRESIDENT, CMO DD’S DISCOUNTS Morrow Brian R. had earlier sold 25,945 shares on Aug 23 for $121.53 a share. The transaction was completed for $3,153,054.
Valuation Metrics
Ross Stores Inc. (ROST) has a trailing price-to-earnings (P/E) ratio of 25.67. Beta for the stock is 0.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 9.49, and the price-to-cash flow ratio of 39.77.
Company paid $0.3350 per share in dividends, remained unchanged from $0.3350 last year.
Financial Health
For the recent quarter, Ross Stores Inc.’s quick ratio was 1.30, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.57, and the total debt to equity ratio is 0.57. As far as profitability goes, gross margin for the trailing twelve months is 26.00% percent. Ross Stores Inc.’s EBITDA margin for the recent year was 12.76%, whereas its operating margin stood at 10.40% for the same period. Based on annual data, it had gross profit of $4.75 billion and revenue of $18.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROST’s return on assets (ROA) during the last 12 months has been 11.30%. There was a 22.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 35.80%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.49 billion, while revenues rose by 3.2% to $5.19 billion. EBITDA was $555.24 million for the quarter. At the end of Ross Stores Inc.’s most recent quarter, its liabilities totaled 9.31 billion, while its total debt was $5.78 billion. Equity owned by shareholders amounts to $340.66 million.
Technical Picture
Here’s a quick look at Ross Stores Inc.’s (ROST) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 66.41%, suggesting the stock is Neutral, with a 35.48% historical volatility rate.
The stochastic %K and %D were 73.68% and 71.70% respectively, while the average true range (ATR) was 2.49. Based on the 14-day stochastic reading of 83.20%, the RSI (14) reading is 65.42%. On the 9-day MACD Oscillator, the stock is at 1.16, and the 14-day reading is at 2.84.
Analyst Ratings
In its most recent analyst report, TD Cowen raised its rating on Ross Stores Inc. (NASDAQ: ROST) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned Ross Stores Inc. (ROST) an Overweight rating. ROST is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 4 rates it overweight and 12 others recommend it as a buy.
What is ROST’s price target for the next 12 months?
The current consensus forecast for the stock is between $84.00 and $142.00, with a median target price of $133.50. In analyzing these forecasts, the average price target given by analysts for Ross Stores Inc. (ROST) is $129.45.
