Market Analysts see Ross Stores Inc. [ROST] gaining to $126. Time to buy?

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Ross Stores Inc. [NASDAQ: ROST] traded at a low on 11/19/20, posting a -0.99 loss after which it closed the day’ session at $110.20. The company report on November 20, 2020 that Ross Stores Reports Improved Trends in Third Quarter Sales and Earnings.

Results Include One-time Charge Related to Actions Taken to Significantly Reduce Long-term Debt Costs.

Ross Stores, Inc. (NASDAQ: ROST) today reported earnings for the 13 weeks ended October 31, 2020 of $0.37 per share versus $1.03 per share for the 13 weeks ended November 2, 2019. Net income was $131 million, compared to $371 million in the prior year period. These results include a one-time charge of $240 million or $0.65 per share impact to net earnings relating to the refinancing of $775 million in senior notes during the quarter. Third quarter 2020 sales declined 2% to $3.8 billion, with comparable store sales down 3%.

The results of the trading session contributed to over 3580172 shares changing hands. Over the past one week, the price volatility of Ross Stores Inc. stands at 3.71% while the volatility over the past one month is 3.98%.

The market cap for ROST stock reached $37.96 billion, with 352.28 million shares outstanding and 348.20 million shares in the current float. Compared to the average trading volume of 2.20M shares, ROST reached a trading volume of 3580172 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 $106.70 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.

Gordon Haskett have made an estimate for Ross Stores Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 12, 2020. The new note on the price target was released on August 17, 2020, representing the official price target for Ross Stores Inc. stock. Previously, the target price had yet another raise from $96 to $101, while Telsey Advisory Group kept a Market Perform rating on ROST stock.

The Average True Range (ATR) for Ross Stores Inc. is set at 4.39, with the Price to Sales ratio for ROST stock in the period of the last 12 months amounting to 2.97. The Price to Book ratio for the last quarter was 13.54, with the Price to Cash per share for the same quarter was set at 11.01. Price to Free Cash Flow for ROST in the course of the last twelve months was 90.22 with Quick ratio for the last quarter at 1.30.

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 5.34. With this latest performance, ROST shares gained by 19.56% in over the last four-week period, additionally plugging by 17.38% over the last 6 months – not to mention a drop of -0.22% 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 67.04, with the RSI for the last a single of trading hit 68.34, and the three-weeks RSI is set at 63.54 for Ross Stores Inc. [ROST]. The present Moving Average for the last 50 days of trading for this stock 95.64, while it was recorded at 110.19 for the last single week of trading, and 93.22 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 1.30 and a Current Ratio set at 1.70.

Earnings analysis for Ross Stores Inc. [ROST]

With the latest financial reports released by the company, Ross Stores Inc. posted 1.28/share EPS, while the average EPS was predicted by analysts to be reported at 1.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.40%. 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 3.30%.

Insider trade positions for Ross Stores Inc. [ROST]

There are presently around $33,160 million, or 90.30% of ROST stock, in the hands of institutional investors. The top three institutional holders of ROST stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 47,764,241, which is approximately 17.367% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 29,910,106 shares of the stock with an approximate value of $3.3 billion in ROST stocks shares; and BLACKROCK INC., currently with $3.1 billion in ROST stock with ownership of nearly -0.391% of the company’s market capitalization.

Positions in Ross Stores Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 325 institutional holders increased their position in Ross Stores Inc. [NASDAQ:ROST] by around 24,546,811 shares. Additionally, 439 investors decreased positions by around 29,551,292 shares, while 120 investors held positions by with 246,812,750 shares. The mentioned changes placed institutional holdings at 300,910,853 shares, according to the latest SEC report filing. ROST stock had 72 new institutional investments in for a total of 4,715,391 shares, while 104 institutional investors sold positions of 2,353,898 shares during the same period.

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