Ross Stores, Inc. (NASDAQ:ROST) does about 2.43M shares in volume on a normal day but saw 1363658 shares change hands in the recent trading day. The company now has a market cap of 49.17B USD. Its current market price is $147.40, marking no change compared to the previous close of $147.40. The 52 week high reached by this stock is $153.06 whilst the lowest price level in 52 weeks is $108.35. The script in recent trading has seen the stock touch a high of $170 and a low of $105.
Ross Stores, Inc. (ROST) has a 20-day trading average at $141.67 and the current price is -3.70% off the 52-week high compared with 36.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $144.75 and its 200-day simple moving average is $139.09. If we look at the stock’s price movements over the week, volatility stands at 1.44%, which increases to 1.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.71 to suggest the stock is neutral.
The consensus objective for the share price is $163.61, suggesting that the stock has a potential upside of 9.91% over the period. The median price target is -11.25% away from the current levels at $132.5.
16 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 06, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $135 and $160. UBS upgraded the stock to “Neutral” from Sell on February 23, 2024 at a price target of $85-$142.
Ross Stores, Inc. (ROST) stock is up 4.78% over the week and 2.72% over the past month. Its price is 6.51% year-to-date and 30.37% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 1.5 and 6.01 for whole year. Expected sales for next quarter are $5.18B, which analysts say will come at $21.27B for the current fiscal year and next year at $22.43B. In addition, estimates put the company’s current quarterly revenue at an average of $5.25B.
Its 12-month price target is $132.5. To reach the target analysts have set, the stock logically needs to grow 9.91 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $105, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $170.
Outstanding shares total 335.17M with insiders holding 2.12% of the shares and institutional holders owning 91.12% of the company’s common stock. The company has a return on investment of 21.75% and return on equity of 43.02%. The price to earnings ratio (P/E ratio) amounts to 24.84 while the forward price to earnings ratio is 22.34. The beta has a value of 1.09. Price to book ratio is 9.95 and price to sales ratio is 2.37.
