The stock price of Ross Stores, Inc. (NASDAQ: ROST) has plunged by -0.97 when compared to previous closing price of 145.09, but the company has seen a -0.63% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that The SPDR S&P 500 ETF Trust had a 3.27% return in March, outperforming Vanguard’s Dividend Appreciation Index Fund ETF Shares. The top 15 dividend growth stocks for April 2024 offer an average dividend yield of 1.44% and appear to be about 24% undervalued based on dividend yield theory.
Is It Worth Investing in Ross Stores, Inc. (NASDAQ: ROST) Right Now?
The price-to-earnings ratio for Ross Stores, Inc. (NASDAQ: ROST) is 25.83x, which is above its average ratio. Moreover, the 36-month beta value for ROST is 1.04. Analysts have varying opinions on the stock, with 11 analysts rating it as a “buy,” 6 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for ROST is 329.88M and currently, short sellers hold a 0.99% of that float. On April 03, 2024, ROST’s average trading volume was 1.97M shares.
ROST’s Market Performance
ROST stock saw a decrease of -0.63% in the past week, with a monthly decline of -3.98% and a quarterly a decrease of 3.82%. The volatility ratio for the week is 1.22%, and the volatility levels for the last 30 days are 1.59% for Ross Stores, Inc. (ROST). The simple moving average for the past 20 days is -1.86% for ROST’s stock, with a 13.78% simple moving average for the past 200 days.
Analysts’ Opinion of ROST
Many brokerage firms have already submitted their reports for ROST stocks, with Telsey Advisory Group repeating the rating for ROST by listing it as a “Market Perform.” The predicted price for ROST in the upcoming period, according to Telsey Advisory Group is $160 based on the research report published on March 06, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ROST reach a price target of $142, previously predicting the price at $85. The rating they have provided for ROST stocks is “Neutral” according to the report published on February 23rd, 2024.
ROST Trading at -0.92% 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 -4.92% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares sank -4.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.40% upper at present.
During the last 5 trading sessions, ROST fell by -0.63%, which changed the moving average for the period of 200-days by +35.24% in comparison to the 20-day moving average, which settled at $146.09. In addition, Ross Stores, Inc. saw 3.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROST starting from KOBAYASHI MICHAEL K, who sale 13,860 shares at the price of $147.46 back on Mar 28 ’24. After this action, KOBAYASHI MICHAEL K now owns 61,657 shares of Ross Stores, Inc., valued at $2,043,757 using the latest closing price.
RENDA LARREE M, the Director of Ross Stores, Inc., sale 4,168 shares at $147.89 during a trade that took place back on Mar 28 ’24, which means that RENDA LARREE M is holding 3,166 shares at $616,405 based on the most recent closing price.
Stock Fundamentals for ROST
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for Ross Stores, Inc. stands at 0.09. The total capital return value is set at 0.23. Equity return is now at value 40.93, with 13.06 for asset returns.
Based on Ross Stores, Inc. (ROST), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -14.29.
Currently, EBITDA for the company is 2.73 billion with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 155.83for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To wrap up, the performance of Ross Stores, Inc. (ROST) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
