Stocks of Ross Stores, Inc. (NASDAQ:ROST) traded higher last session on Wall Street, down -3.08% to $120.15.
According to the data, Ross Stores, Inc. (NASDAQ:ROST) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $142.00 and a low of $84.00, we find $135.00. Given the previous closing price of $123.97, this indicates a potential upside of 8.9 percent. ROST stock price is now 3.40% away from the 50-day moving average and 8.28% away from the 200-day moving average. The market capitalization of the company currently stands at $40.69B.
A total of 5 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $131.27 as their price target over the next twelve months.
With the price target of $140, Evercore ISI recently initiated with Outperform rating for Ross Stores, Inc. (NASDAQ: ROST).
In other news, KOBAYASHI MICHAEL K, PRES., CHIEF CAPABILITY OFC’R sold 20,749 shares of the company’s stock on Oct 06. The stock was sold for $2,318,354 at an average price of $111.73. Upon completion of the transaction, the PRES., CHIEF CAPABILITY OFC’R now directly owns 71,413 shares in the company, valued at $8.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, CHIEF EXECUTIVE OFFICER RENTLER BARBARA sold 10,091 shares of the business’s stock. A total of $1,212,051 was realized by selling the stock at an average price of $120.11. This leaves the insider owning 272,080 shares of the company worth $32.69 million. Insiders disposed of 257,223 shares of company stock worth roughly $30.91 million over the past 1 year. A total of 1.97% of the company’s stock is owned by insiders.
Thursday’s opening bell rang with an opening price of $123.27 for Ross Stores, Inc. (NASDAQ: ROST). During the past 12 months, Ross Stores, Inc. has had a low of $94.34 and a high of $125.86. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 1.83, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $43.18B, which is based on a 25.49 price-to-earnings ratio, a 2.19 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ROST is $116.22 and a two-hundred day moving average price translates $110.97 for the stock.
The latest earnings results from Ross Stores, Inc. (NASDAQ: ROST) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $1.32, beating analysts’ expectations of $1.16 by 0.16. This compares to $1.11 EPS in the same period last year. The net profit margin was 8.36% and return on equity was 37.44% for ROST. The company reported revenue of $4.93 billion for the quarter, compared to $4.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent. For the current quarter, analysts expect ROST to generate $4.85B in revenue.
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.