Ross Stores, Inc. (NASDAQ: ROST) closed the day trading at $139.71 down -1.28% from the previous closing price of $141.52. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 1799428 shares were traded.
Ratios:
For a better understanding of ROST, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.73. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Fleming Karen bought 35 shares for $147.51 per share. The transaction valued at 5,230 led to the insider holds 65,608 shares of the business.
KOBAYASHI MICHAEL K sold 13,860 shares of ROST for $2,043,757 on Mar 28 ’24. The PRES., CHIEF CAPABILITY OFC’R now owns 61,657 shares after completing the transaction at $147.46 per share. On Mar 28 ’24, another insider, RENDA LARREE M, who serves as the Director of the company, sold 4,168 shares for $147.89 each. As a result, the insider received 616,405 and left with 3,166 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 46.81B and an Enterprise Value of 47.68B. As of this moment, Ross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.12, and their Forward P/E ratio for the next fiscal year is 21.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 9.61. Its current Enterprise Value per Revenue stands at 2.34 whereas that against EBITDA is 16.08.
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 145.20, while the 200-Day Moving Average is calculated to be 126.63.
Shares Statistics:
Over the past 3-months, ROST traded about 1.97M shares per day on average, while over the past 10 days, ROST traded about 1.84M shares per day. A total of 335.17M shares are outstanding, with a floating share count of 328.47M. Insiders hold about 2.00% of the company’s shares, while institutions hold 88.63% stake in the company. Shares short for ROST as of Mar 15, 2024 were 3.25M with a Short Ratio of 1.65, compared to 3.89M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.97% and a Short% of Float of 1.16%.
Dividends & Splits
ROST’s forward annual dividend rate is 1.37, up from 1.34 a year ago. Against a Trailing Annual Dividend Yield of 0.95%, it implies a Forward Annual Dividend Yield of 1.04%. The stock’s 5-year Average Dividend Yield is 0.95. The current Payout Ratio is 24.12% for ROST, which recently paid a dividend on Mar 29, 2024 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
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $1.35 for the current quarter, with a high estimate of $1.39 and a low estimate of $1.3, while EPS last year was $1.09. The consensus estimate for the next quarter is $1.46, with high estimates of $1.55 and low estimates of $1.37.
Analysts are recommending an EPS of between $6.17 and $5.8 for the fiscal current year, implying an average EPS of $5.94. EPS for the following year is $6.56, with 22 analysts recommending between $7.08 and $6.25.
Revenue Estimates
A total of 21 analysts have provided revenue estimates for ROST’s current fiscal year. The highest revenue estimate was $21.43B, while the lowest revenue estimate was $21.01B, resulting in an average revenue estimate of $21.25B. In the same quarter a year ago, actual revenue was $20.38B, up 4.30% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $22.5B in the next fiscal year. The high estimate is $22.84B and the low estimate is $22.13B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
