Ross Stores Inc. (NASDAQ: ROST)’s stock price has decreased by -1.33 compared to its previous closing price of 103.68. Despite this, the company has seen a fall of -6.18% in its stock price over the last five trading days. Barron’s reported on 11/18/22 that Off-Price Retailers TJX and Ross Are Getting Their Mojo Back
Is It Worth Investing in Ross Stores Inc. (NASDAQ: ROST) Right Now?
Ross Stores Inc. (NASDAQ: ROST) has a price-to-earnings ratio that is above its average at 23.34x. and a 36-month beta value of 1.00. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price predicted for Ross Stores Inc. (ROST) by analysts is $124.05, which is $21.41 above the current market price. The public float for ROST is 338.20M, and at present, short sellers hold a 1.19% of that float. On March 16, 2023, the average trading volume of ROST was 2.28M shares.
ROST’s Market Performance
ROST’s stock has seen a -6.18% decrease for the week, with a -12.40% drop in the past month and a -12.11% fall in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.16% for Ross Stores Inc. The simple moving average for the last 20 days is -7.70% for ROST stock, with a simple moving average of 5.70% for the last 200 days.
Analysts’ Opinion of ROST
Many brokerage firms have already submitted their reports for ROST stocks, with Gordon Haskett repeating the rating for ROST by listing it as a “Buy.” The predicted price for ROST in the upcoming period, according to Gordon Haskett is $130 based on the research report published on November 18th of the previous year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see ROST reach a price target of $110, previously predicting the price at $90. The rating they have provided for ROST stocks is “Overweight” according to the report published on October 25th, 2022.
Goldman gave a rating of “Buy” to ROST, setting the target price at $102 in the report published on August 02nd of the previous year.
ROST Trading at -10.96% from the 50-Day Moving Average
After a stumble in the market that brought ROST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.45% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -12.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.86% lower at present.
During the last 5 trading sessions, ROST fell by -6.18%, which changed the moving average for the period of 200-days by +17.60% in comparison to the 20-day moving average, which settled at $110.11. In addition, Ross Stores Inc. saw -11.86% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ROST starting from Hartshorn Michael J., who sale 20,529 shares at the price of $112.37 back on Mar 06. After this action, Hartshorn Michael J. now owns 127,659 shares of Ross Stores Inc., valued at $2,306,811 using the latest closing price.
BUSH MICHAEL J, the Director of Ross Stores Inc., sale 1,000 shares at $81.46 during a trade that took place back on Jun 08, which means that BUSH MICHAEL J is holding 34,496 shares at $81,456 based on the most recent closing price.
Stock Fundamentals for ROST
Current profitability levels for the company are sitting at:
- +10.65 for the present operating margin
- +25.40 for the gross margin
The net margin for Ross Stores Inc. stands at +8.09. Equity return is now at value 36.00, with 11.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
To sum up, Ross Stores Inc. (ROST) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.