The stock of Ross Stores Inc. (NASDAQ:ROST) last traded at $112.13, up 2.99% from the previous session.
Data from the available sources indicates that Ross Stores Inc. (NASDAQ:ROST) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $78.00, we find $120.00. Given the previous closing price of $108.87, this indicates a potential upside of 10.22 percent. ROST stock price is now 6.90% away from the 50-day moving average and 6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $38.01B.
In total, 7 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $119.85 as their price target over the next twelve months.
With the price target of $112, Piper Sandler recently initiated with Neutral rating for Ross Stores Inc. (NASDAQ: ROST).
In other news, RENTLER BARBARA, CHIEF EXECUTIVE OFFICER sold 11,866 shares of the company’s stock on May 30. The stock was sold for $1,216,711 at an average price of $102.54. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 325,367 shares in the company, valued at $36.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 30,000 shares of the business’s stock. A total of $3,071,808 was realized by selling the stock at an average price of $102.39. This leaves the insider owning 337,233 shares of the company worth $37.81 million. Insiders disposed of 176,235 shares of company stock worth roughly $19.76 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROST stock. A new stake in Ross Stores Inc. shares was purchased by CANOE FINANCIAL LP during the first quarter worth $87,876,000. STEADFAST CAPITAL MANAGEMENT LP invested $68,499,000 in shares of ROST during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Ross Stores Inc. valued at approximately $56,973,000. HIGHSIDE GLOBAL MANAGEMENT LLC acquired a new stake in ROST for approximately $15,586,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in ROST valued at around $15,193,000 in the second quarter. In total, there are 1,225 active investors with 92.50% ownership of the company’s stock.
With an opening price of $109.61 on Friday morning, Ross Stores Inc. (NASDAQ: ROST) set off the trading day. During the past 12 months, Ross Stores Inc. has had a low of $69.24 and a high of $122.44. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.90, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $38.40B, which is based on a 24.90 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for ROST is $105.05 and a two-hundred day moving average price translates $105.17 for the stock.
The latest earnings results from Ross Stores Inc. (NASDAQ: ROST) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $1.09, beating analysts’ expectations of $1.06 by 0.03. This compares to $0.97 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 36.60% for ROST. The company reported revenue of $4.49 billion for the quarter, compared to $4.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.73 percent. For the current quarter, analysts expect ROST to generate $4.72B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/06/2023 were paid a $0.335 dividend. On an annualized basis, this represents a $1.34 dividend and a 1.20% percent yield. There was an ex-dividend date of 06/05/2023 for this dividend. In terms of dividend payout ratio, ROST is presently at 27.90%.
Ross Stores Inc.(ROST) Company Profile
Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.
