Citigroup lifts Ross Stores, Inc [ROST] price estimate. Who else is bullish?

Ross Stores, Inc [NASDAQ: ROST] gained 0.04% on the last trading session, reaching $139.32 price per share at the time.

If compared to the average trading volume of 2.41M shares, ROST reached a trading volume of 3679203 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying 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 $171.95 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 1.84. 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.

Citigroup have made an estimate for Ross Stores, Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 12, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $160 to $175. The new note on the price target was released on August 23, 2024, representing the official price target for Ross Stores, Inc stock. Previously, the target price had yet another raise from $135 to $160, while Telsey Advisory Group kept a Market Perform rating on ROST stock. On February 23, 2024, analysts increased their price target for ROST shares from 85 to 142.

The Average True Range (ATR) for Ross Stores, Inc is set at 3.01, with the Price to Sales ratio for ROST stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 9.02, with the Price to Cash per share for the same quarter was set at 14.12. Price to Free Cash Flow for ROST in the course of the last twelve months was 28.42 with Quick ratio for the last quarter at 1.05.

Trading performance analysis for ROST stock

Ross Stores, Inc [ROST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.81. With this latest performance, ROST shares dropped by -4.41% in over the last four-week period, additionally plugging by 5.94% over the last 6 months – not to mention a rise of 7.64% 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 41.69, with the RSI for the last a single of trading hit 40.48, and the three-weeks RSI is set at 42.72 for Ross Stores, Inc [ROST]. The present Moving Average for the last 50 days of trading for this stock 145.52, while it was recorded at 140.58 for the last single week of trading, and 143.62 for the last 200 days.

Ross Stores, Inc [ROST]: A deeper dive into fundamental analysis

Ross Stores, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.05 and a Current Ratio set at 1.56.

Ross Stores, Inc [ROST]: An earnings per share (EPS) analysis

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 9.35%.

An analysis of Institutional ownership at Ross Stores, Inc [ROST]

There are presently around $91.81%, or 93.80%% of ROST stock, in the hands of institutional investors. The top three institutional holders of ROST stocks are: VANGUARD GROUP INC with ownership of 29.28 million shares, which is approximately 8.8391%. BLACKROCK INC., holding 24.92 million shares of the stock with an approximate value of $$3.62 billion in ROST stocks shares; and BLACKROCK INC., currently with $$2.31 billion in ROST stock with ownership which is approximately 4.801%.

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