Ross Stores, Inc. [NASDAQ: ROST] closed the trading session at $128.82 on 11/17/23. The day’s price range saw the stock hit a low of $126.71, while the highest price level was $131.31. The company report on November 16, 2023 at 4:01 PM that Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance.
Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended October 28, 2023 of $1.33, up from $1.00 per share for the 13 weeks ended October 29, 2022. Net income for the period rose to $447 million versus $342 million last year. Sales for the 2023 third quarter were $4.9 billion, up from $4.6 billion in the prior year, with a comparable store sales gain of 5%.
For the nine months ended October 28, 2023, earnings per share were $3.74 on net earnings of $1.3 billion, versus $3.08 per share on net income of $1.1 billion for the same year-to-date period in 2022. Sales for the first nine months of 2023 were $14.4 billion, with comparable store sales up 4% over the prior year.
The stocks have a year to date performance of 10.98 percent and weekly performance of 4.45 percent. The stock has been moved at 22.97 percent over the last six months. The stock has performed 10.80 percent around the most recent 30 days and changed 8.11 percent over the most recent 3-months.
If compared to the average trading volume of 2.34M shares, ROST reached to a volume of 9010695 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $135.46 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 1.83. 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.
Evercore ISI have made an estimate for Ross Stores, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 07, 2023.
The Average True Range (ATR) for Ross Stores, Inc. is set at 2.87, with the Price to Sales ratio for ROST stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 9.80, with the Price to Cash per share for the same quarter was set at 13.33. Price to Free Cash Flow for ROST in the course of the last twelve months was 21.75 with Quick ratio for the last quarter at 1.11.
ROST stock trade performance evaluation
Ross Stores, Inc. [ROST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.45. With this latest performance, ROST shares gained by 10.80% in over the last four-week period, additionally plugging by 22.97% over the last 6 months – not to mention a rise of 33.49% 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 68.41, with the RSI for the last a single of trading hit 70.48, and the three-weeks RSI is set at 66.12 for Ross Stores, Inc. [ROST]. The present Moving Average for the last 50 days of trading for this stock 116.40, while it was recorded at 124.02 for the last single week of trading, and 111.03 for the last 200 days.
Ross Stores, Inc. [ROST]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ross Stores, Inc. [ROST] shares currently have an operating margin of +10.65 and a Gross Margin at +25.40. Ross Stores, Inc.’s Net Margin is presently recorded at +8.09.
Return on Total Capital for ROST is now 20.23, given the latest momentum, and Return on Invested Capital for the company is 16.44. Return on Equity for this stock inclined to 36.22, with Return on Assets sitting at 10.42. When it comes to the capital structure of this company, Ross Stores, Inc. [ROST] has a Total Debt to Total Equity ratio set at 133.06. Additionally, ROST Total Debt to Total Capital is recorded at 57.09, with Total Debt to Total Assets ending up at 39.62. Long-Term Debt to Equity for the company is recorded at 117.77, with the Long-Term Debt to Total Capital now at 50.53.
Reflecting on the efficiency of the workforce at the company, Ross Stores, Inc. [ROST] managed to generate an average of $14,971 per employee. Receivables Turnover for the company is 141.13 with a Total Asset Turnover recorded at a value of 1.29.Ross Stores, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Ross Stores, Inc. [ROST] stock
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 11.73%.
Ross Stores, Inc. [ROST]: Institutional Ownership
The top three institutional holders of ROST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in ROST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in ROST stock with ownership which is approximately 5.7994%.