Ross Stores Inc. (NASDAQ:ROST) finished Wednesday with a subtraction of -$0.63 to close at $108.92, a downside of -0.58 percent. An average of 2,204,820 shares of common stock have been traded in the last five days. There was a fall of -$6.03 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,073,060 shares traded, while the 50-day average volume stands at 2,299,494.
ROST stock has decreased by -9.18% in the last month. The company shares reached their 1-month lowest point of $108.35 on 09/27/23. 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 $122.70 in 52 weeks. It has reached a new high 5 times so far this year and lost -6.16% or -$7.15 in price. In spite of this, the price is down -11.23% 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 30 days ago on Aug 29. In this transaction, the insider spent $1,212,051. CHIEF EXECUTIVE OFFICER, RENTLER BARBARA, disposed of 23,254 shares at a price of $120.02 on Aug 28. The insider now owns more than $2,790,971 worth of shares. Prior to that, CHIEF EXECUTIVE OFFICER RENTLER BARBARA went on to Sale 20,000 shares at $119.07 each on Aug 25. An amount of $2,381,352 was transacted.
Valuation Metrics
Ross Stores Inc. (ROST) has a trailing price-to-earnings (P/E) ratio of 23.10. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 8.29, and the price-to-cash flow ratio at 17.67.
The company has a payout ratio of 28.31%. The company’s most recent quarterly dividend payment was $0.3350 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Tuesday February 28 2023.
Financial Health
The quick ratio of Ross Stores Inc. for the three months ended July 30 was 1.25, and the current ratio was 1.83, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.15 and a total debt to equity ratio of 1.30 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 10.52%. 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 11.83%.
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 up than the previous quarter. The company posted a net income of $446.32 million in the quarter, while revenues of $371.19 million were grew 13.85%. 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 $656.18 million. Shareholders own equity worth $338.63 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 27 September was 15.41%, suggesting the stock is oversold, with historical volatility in this time frame at 7.87%.
As of today, ROST’s price is $110.59 -5.25% or -$6.03 from its 5-day moving average. ROST is currently trading -10.00% lower than its 20-day SMA and +5.92% higher than its 100-day SMA. However, the stock’s current price level is -2.67% below the SMA50 and -7.02% below the SMA200.
The stochastic %K and %D were 3.84% and 3.31%, respectively, and the average true range (ATR) was 1.73. With the 14-day stochastic at 4.88% and the average true range at 1.78, the RSI (14) stands at 25.81%. The stock has reached -3.96 on the 9-day MACD Oscillator while the 14-day reading was at -5.68.
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 $135.00. Taking a look at these predictions, the average price target given by analysts for Ross Stores Inc. (ROST) stock is $130.24.
