The stock price of Ross Stores, Inc. (NASDAQ: ROST) has surged by 1.25 when compared to previous closing price of 130.84, but the company has seen a 1.08% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Ross Stores (ROST) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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 23.82x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 6 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for ROST is 328.44M, and at present, short sellers hold a 1.13% of that float. On May 07, 2024, the average trading volume of ROST was 2.20M shares.
ROST’s Market Performance
ROST stock saw a decrease of 1.08% in the past week, with a monthly decline of -5.05% and a quarterly a decrease of -7.19%. The volatility ratio for the week is 1.60%, and the volatility levels for the last 30 days are 1.84% for Ross Stores, Inc. (ROST). The simple moving average for the last 20 days is -0.84% for ROST stock, with a simple moving average of 2.44% for the last 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 -6.16% 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 -12.33% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -5.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.50% lower at present.
During the last 5 trading sessions, ROST rose by +1.08%, which changed the moving average for the period of 200-days by +18.07% in comparison to the 20-day moving average, which settled at $133.21. In addition, Ross Stores, Inc. saw -4.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROST starting from Fleming Karen, who purchase 35 shares at the price of $147.51 back on Apr 01 ’24. After this action, Fleming Karen now owns 65,608 shares of Ross Stores, Inc., valued at $5,230 using the latest closing price.
KOBAYASHI MICHAEL K, the PRES., CHIEF CAPABILITY OFC’R of Ross Stores, Inc., sale 13,860 shares at $147.46 during a trade that took place back on Mar 28 ’24, which means that KOBAYASHI MICHAEL K is holding 61,657 shares at $2,043,757 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 12.62 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 -24.89.
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 2.22. 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 sum up, Ross Stores, Inc. (ROST) has seen a mixed 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.
