Ross Stores, Inc (NASDAQ: ROST) has a price-to-earnings ratio of 22.68x that is above its average ratio. Additionally, the 36-month beta value for ROST is 1.10. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 6 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for ROST is 325.02M and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of ROST on November 05, 2024 was 2.21M shares.
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ROST) stock’s latest price update
The stock price of Ross Stores, Inc (NASDAQ: ROST) has surged by 0.43 when compared to previous closing price of 140.06, but the company has seen a -1.75% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-31 that In the closing of the recent trading day, Ross Stores (ROST) stood at $139.72, denoting a +0.09% change from the preceding trading day.
ROST’s Market Performance
ROST’s stock has fallen by -1.75% in the past week, with a monthly drop of -3.38% and a quarterly rise of 2.69%. The volatility ratio for the week is 1.69% while the volatility levels for the last 30 days are 1.74% for Ross Stores, Inc The simple moving average for the past 20 days is -2.12% for ROST’s stock, with a -2.07% 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 $175 based on the research report published on August 23, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see ROST reach a price target of $160, previously predicting the price at $135. The rating they have provided for ROST stocks is “Market Perform” according to the report published on March 06th, 2024.
UBS gave a rating of “Neutral” to ROST, setting the target price at $142 in the report published on February 23rd of the current year.
ROST Trading at -5.00% 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 -14.02% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.37% lower at present.
During the last 5 trading sessions, ROST fell by -1.75%, which changed the moving average for the period of 200-days by +2.20% in comparison to the 20-day moving average, which settled at $143.71. In addition, Ross Stores, Inc saw 1.64% 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 Hartshorn Michael J., who sale 8,366 shares at the price of $155.64 back on Sep 16 ’24. After this action, Hartshorn Michael J. now owns 103,049 shares of Ross Stores, Inc, valued at $1,302,103 using the latest closing price.
MICHAEL HARTSHORN, the Officer of Ross Stores, Inc, proposed sale 8,366 shares at $155.64 during a trade that took place back on Sep 16 ’24, which means that MICHAEL HARTSHORN is holding shares at $1,302,103 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
- 0.28 for the gross margin
The net margin for Ross Stores, Inc stands at 0.1. The total capital return value is set at 0.26. Equity return is now at value 43.24, with 14.46 for asset returns.
Based on Ross Stores, Inc (ROST), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 295.5.
Currently, EBITDA for the company is 2.73 billion with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 115.95for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In conclusion, Ross Stores, Inc (ROST) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
