Ross Stores Inc. [NASDAQ: ROST] traded at a high on 06/08/20, posting a 0.27 gain after which it closed the day’ session at $102.76. The results of the trading session contributed to over 3615718 shares changing hands. Over the past one week, the price volatility of Ross Stores Inc. stands at 2.75% while the volatility over the past one month is 3.80%.
The market cap for ROST stock reached $36.39 billion, with 354.09 million shares outstanding and 347.68 million shares in the current float. Compared to the average trading volume of 3.87M shares, ROST reached a trading volume of 3615718 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Ross Stores Inc. [ROST]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROST shares is $104.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROST stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Ross Stores Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 22, 2020. The new note on the price target was released on April 28, 2020, representing the official price target for Ross Stores Inc. stock. Previously, the target price had yet another raise from $100 to $110, while Wells Fargo kept a Overweight rating on ROST stock. On March 25, 2020, analysts decreased their price target for ROST shares from 110 to 93.
The Average True Range (ATR) for Ross Stores Inc. is set at 3.74, with the Price to Sales ratio for ROST stock in the period of the last 12 months amounting to 2.58. The Price to Book ratio for the last quarter was 10.83, with the Price to Cash per share for the same quarter was set at 3.82. Price to Free Cash Flow for ROST in the course of the last twelve months was 31.81 with Quick ratio for the last quarter at 0.60.
How has ROST stock performed recently?
Ross Stores Inc. [ROST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.72. With this latest performance, ROST shares gained by 14.37% in over the last four-week period, additionally sinking by -9.45% over the last 6 months – not to mention a rise of 3.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ROST stock in for the last two-week period is set at 66.13, with the RSI for the last a single of trading hit 72.03, and the three-weeks RSI is set at 60.79 for Ross Stores Inc. [ROST]. The present Moving Average for the last 50 days of trading for this stock 89.88, while it was recorded at 100.63 for the last single week of trading, and 104.79 for the last 200 days.
Ross Stores Inc. [ROST]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ross Stores Inc. [ROST] shares currently have an operating margin of +13.38 and a Gross Margin at +28.07. Ross Stores Inc.’s Net Margin is presently recorded at +10.36.
Return on Total Capital for ROST is now 41.02, given the latest momentum, and Return on Invested Capital for the company is 33.55. Return on Equity for this stock inclined to 49.84, with Return on Assets sitting at 20.11. When it comes to the capital structure of this company, Ross Stores Inc. [ROST] has a Total Debt to Total Equity ratio set at 103.83. Additionally, ROST Total Debt to Total Capital is recorded at 50.94, with Total Debt to Total Assets ending up at 33.91. Long-Term Debt to Equity for the company is recorded at 87.03, with the Long-Term Debt to Total Capital now at 42.70.
Reflecting on the efficiency of the workforce at the company, Ross Stores Inc. [ROST] managed to generate an average of $17,956 per employee. Receivables Turnover for the company is 161.24 with a Total Asset Turnover recorded at a value of 1.94.Ross Stores Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.30.
Earnings analysis for Ross Stores Inc. [ROST]
With the latest financial reports released by the company, Ross Stores Inc. posted 1.14/share EPS, while the average EPS was predicted by analysts to be reported at 1.12/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ROST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ross Stores Inc. go to 5.56%.
Insider trade positions for Ross Stores Inc. [ROST]
There are presently around $31,611 million, or 89.40% of ROST stock, in the hands of institutional investors. The top three institutional holders of ROST stocks are: VANGUARD GROUP INC with ownership of 31,862,348, which is approximately 2.424% of the company’s market cap and around 0.40% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 30,005,611 shares of the stock with an approximate value of $3.07 billion in ROST stocks shares; and BLACKROCK INC., currently with $2.61 billion in ROST stock with ownership of nearly 1.608% of the company’s market capitalization.
Positions in Ross Stores Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 361 institutional holders increased their position in Ross Stores Inc. [NASDAQ:ROST] by around 30,065,177 shares. Additionally, 531 investors decreased positions by around 33,177,686 shares, while 108 investors held positions by with 245,220,395 shares. The mentioned changes placed institutional holdings at 308,463,258 shares, according to the latest SEC report filing. ROST stock had 87 new institutional investments in for a total of 7,016,927 shares, while 160 institutional investors sold positions of 2,993,124 shares during the same period.