As of Friday close, Ross Stores Inc.’s (NASDAQ:ROST) stock was down -$1.47, moving down -1.30 percent to $111.66. The average number of shares traded per day over the past five days has been 2,134,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.51 fall in that time frame. In the last twenty days, the average volume was 2,118,875, while in the previous 50 days, it was 2,284,122.
Since last month, ROST stock retreated -8.39%. Shares of the company fell to $111.53 on 09/22/23, the lowest level in the past month. A 52-week high of $122.70 was reached on 08/23/23 after having rallying from a 52-week low of $81.21. Since the beginning of this year, ROST’s stock price has dropped by -3.80% or -$4.41, and marked a new high 5 times. However, the stock has declined by -9.00% since its 52-week high.
ROST stock investors should be aware that Ross Stores Inc. (ROST) stock had its last reported insider trading activity 25 days ago on Aug 29. RENTLER BARBARA, the CHIEF EXECUTIVE OFFICER of the company, disposed of 10,091 shares for $120.11 on Aug 29. It resulted in a $1,212,051 divestment by the insider. RENTLER BARBARA sold 23,254 shares at an average price of $120.02 on Aug 28. The insider now owns 282,171 shares following the transaction. On Aug 25, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 20,000 shares at $119.07 apiece. The transaction was valued at $2,381,352.
Valuation Metrics
Right now, Ross Stores Inc. (ROST) has a P/E ratio of about 23.69. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 1.96, the price-to-book (PB) ratio of 8.43, and the price-to-cash flow ratio of 18.05 may also be considered.
The latest dividend of $0.3350 per share was paid out, remained unchanged from last year’s $0.3350. On Tuesday February 28 2023, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended July 30, Ross Stores Inc.’s quick ratio stood at 1.30, while its current ratio was 1.80, 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 July 30 was 0.55, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 26.00% percent. In the year ended July 30, 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 37.40%.
In Ross Stores Inc.’s quarter-end financial report for July 30, it reported total debt of $2.46 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ROST’s revenue rose 6.91% to $4.49 billion during the quarter, while net income inched up to $4.93 billion. While analysts expected Ross Stores Inc. to report $1.16 quarterly earnings, the actual figure was $1.32 per share, beating the consensus estimate by 13.80%. During the quarter, the company generated $656.18 million in EBITDA. The liabilities of Ross Stores Inc. were 9.53 billion at the end of its most recent quarter ended July 30, and its total debt was $5.78 billion. The value of shareholders’ equity is $338.63 million.
Technical Picture
This quick technical analysis looks at Ross Stores Inc.’s (ROST) price momentum. With a historical volatility rate of 11.78%, the RSI 9-day stood at 20.67% on 22 September.
With respect to its five-day moving average, the current Ross Stores Inc. price is down by -5.51% percent or -$6.51. At present, ROST shares trade -6.06% below its 20-day simple moving average and +5.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.16% above its SMA50 and -4.86% below its SMA200.
Stochastic coefficient K was 2.89% and Stochastic coefficient D was 4.06%, while ATR was 1.71. Given the Stochastic reading of 1.29% for the 14-day period, the RSI (14) reading has been calculated as 31.25%. As of today, the MACD Oscillator reading stands at -2.85, while the 14-day reading stands at -4.08.
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 5 firms recommend it is a Hold. There are 1 analyst 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 $135.00, the current consensus forecast for the stock is $84.00 – $142.00. Based on these forecasts, analysts predict Ross Stores Inc. (ROST) will achieve an average price target of $130.24.
