The stock of Ross Stores, Inc (ROST) has gone down by -0.08% for the week, with a 10.00% rise in the past month and a 3.61% rise in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are 2.32% for ROST. The simple moving average for the past 20 days is 5.34% for ROST’s stock, with a 8.42% simple moving average for the past 200 days.
Is It Worth Investing in Ross Stores, Inc (NASDAQ: ROST) Right Now?
Ross Stores, Inc (NASDAQ: ROST) has a higher price-to-earnings ratio of 24.60x compared to its average ratio, The 36-month beta value for ROST is at 1.11. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for ROST is 323.09M, and currently, shorts hold a 1.25% of that float. The average trading volume for ROST on December 10, 2024 was 2.57M shares.
ROST) stock’s latest price update
The stock price of Ross Stores, Inc (NASDAQ: ROST) has dropped by -0.15 compared to previous close of 156.48. Despite this, the company has seen a fall of -0.08% in its stock price over the last five trading days. marketbeat.com reported 2024-12-04 that 2024 was the year of the off-price retail shopping trend in the retail sector that found consumers flocking to retailers offering brand-name apparel at deeply discounted prices. Consumers embraced the thrill of the treasure hunt, religiously showing up on delivery drop days at TJX Companies Inc. NYSE: TJX and Ross Stores Inc. NASDAQ: ROST.
Analysts’ Opinion of ROST
Many brokerage firms have already submitted their reports for ROST stocks, with Citigroup repeating the rating for ROST by listing it as a “Neutral.” The predicted price for ROST in the upcoming period, according to Citigroup is $152 based on the research report published on November 12, 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 $175, previously predicting the price at $160. The rating they have provided for ROST stocks is “Market Perform” according to the report published on August 23rd, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to ROST, setting the target price at $160 in the report published on March 06th of the current year.
ROST Trading at 7.22% 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 -4.50% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +8.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.09% upper at present.
During the last 5 trading sessions, ROST fell by -0.08%, which changed the moving average for the period of 200-days by +5.55% in comparison to the 20-day moving average, which settled at $148.32. In addition, Ross Stores, Inc saw 12.90% 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 42.93, with 14.49 for asset returns.
Based on Ross Stores, Inc (ROST), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 50.04.
Currently, EBITDA for the company is 2.97 billion with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 2.51. The receivables turnover for the company is 120.53for 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 1.57.
Conclusion
In conclusion, Ross Stores, Inc (ROST) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
