In the latest session, Ross Stores, Inc. (NASDAQ: ROST) closed at $146.02 down -1.42% from its previous closing price of $148.12. In other words, the price has decreased by -$2.10 from its previous closing price. On the day, 2447292 shares were traded.
Ratios:
For a deeper understanding of Ross Stores, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 0.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 06, 2024, Reiterated its Market Perform rating but revised its target price to $160 from $135 previously.
On February 23, 2024, UBS Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $85 to $142.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 06 ’23 when KOBAYASHI MICHAEL K sold 20,749 shares for $111.73 per share. The transaction valued at 2,318,354 led to the insider holds 71,413 shares of the business.
RENTLER BARBARA sold 10,091 shares of ROST for $1,212,051 on Aug 29 ’23. The CHIEF EXECUTIVE OFFICER now owns 272,080 shares after completing the transaction at $120.11 per share. On Aug 28 ’23, another insider, RENTLER BARBARA, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 23,254 shares for $120.02 each. As a result, the insider received 2,790,971 and left with 282,171 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ROST now has a Market Capitalization of 49.16B and an Enterprise Value of 50.04B. As of this moment, Ross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.25, and their Forward P/E ratio for the next fiscal year is 22.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 10.74. Its current Enterprise Value per Revenue stands at 2.46 whereas that against EBITDA is 18.35.
Stock Price History:
Over the past 52 weeks, ROST has reached a high of $151.12, while it has fallen to a 52-week low of $99.00. The 50-Day Moving Average of the stock is 141.81, while the 200-Day Moving Average is calculated to be 122.66.
Shares Statistics:
For the past three months, ROST has traded an average of 1.97M shares per day and 2.34M over the past ten days. A total of 342.75M shares are outstanding, with a floating share count of 330.02M. Insiders hold about 1.97% of the company’s shares, while institutions hold 88.14% stake in the company. Shares short for ROST as of Feb 15, 2024 were 3.89M with a Short Ratio of 1.98, compared to 3.72M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.16% and a Short% of Float of 1.38%.
Dividends & Splits
According to the company, the forward annual dividend rate for ROST is 1.34, from 1.34 in the trailing year. Against a Trailing Annual Dividend Yield of 0.90%, it implies a Forward Annual Dividend Yield of 1.01%. The stock’s 5-year Average Dividend Yield is 0.95. The current Payout Ratio is 24.10% for ROST, which recently paid a dividend on Dec 29, 2023 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Jun 12, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 19 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.34 for the current quarter, with a high estimate of $1.39 and a low estimate of $1.25, while EPS last year was $1.09. The consensus estimate for the next quarter is $1.46, with high estimates of $1.53 and low estimates of $1.37.
Analysts are recommending an EPS of between $6.08 and $5.78 for the fiscal current year, implying an average EPS of $5.92. EPS for the following year is $6.53, with 21 analysts recommending between $6.78 and $6.25.
Revenue Estimates
A total of 22 analysts have provided revenue estimates for ROST’s current fiscal year. The highest revenue estimate was $21.44B, while the lowest revenue estimate was $20.81B, resulting in an average revenue estimate of $21.23B. In the same quarter a year ago, actual revenue was $20.38B, up 4.20% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $22.47B in the next fiscal year. The high estimate is $22.84B and the low estimate is $21.79B. The average revenue growth estimate for next year is up 5.80% from the average revenue estimate for this year.
