Ross Stores Inc. (ROST): These Numbers Show Where NASDAQ:ROST Stock Is Going Next

Ross Stores Inc. (NASDAQ: ROST) is -2.08% lower on its value in year-to-date trading and has touched a low of $56.30 and a high of $123.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ROST stock was last observed hovering at around $121.50 in the last trading session, with the day’s loss setting it -1.24% off its average median price target of $130.00 for the next 12 months. It is also 14.1% off the consensus price target high of $140.00 offered by 26 analysts, but current levels are -9.33% lower than the price target low of $110.00 for the same period.

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Currently trading at $120.26, the stock is 2.61% and 2.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -1.02% at the moment leaves the stock 20.39% off its SMA200. ROST registered -1.12% loss for a year compared to 6-month gain of 37.88%. The firm has a 50-day simple moving average (SMA 50) of $117.60 and a 200-day simple moving average (SMA200) of $104.51.

The stock witnessed a 6.11% loss in the last 1 month and extending the period to 3 months gives it a 9.13%, and is 0.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.59% over the month.

Ross Stores Inc. (ROST) has around 92500 employees, a market worth around $43.32B and $12.70B in sales. Current P/E ratio is 143.17 and Fwd P/E is 26.54. Profit margin for the company is 2.40%. Distance from 52-week low is 113.61% and -2.86% from its 52-week high. The company has generated returns on investments over the last 12 months (44.70%).

Ross Stores Inc. (ROST) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ross Stores Inc. (ROST) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 3 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Ross Stores Inc. is expected to release its quarterly report on 05/27/2021 and quarterly earnings per share for the current quarter are estimated at $1 with sales reaching $4.27B over the same period.The EPS is expected to grow by 8.00% this year, but quarterly earnings will post -21.80% year-over-year. Quarterly sales are estimated to shrink -3.40% in year-over-year returns.

Ross Stores Inc. (ROST) Top Institutional Holders

1,121 institutions hold shares in Ross Stores Inc. (ROST), with 7.23M shares held by insiders accounting for 2.03% while institutional investors hold 89.10% of the company’s shares. The shares outstanding are 352.48M, and float is at 347.64M with Short Float at 1.35%. Institutions hold 87.29% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 47.97 million shares valued at $5.89 billion. The investor’s holdings represent 13.46% of the ROST Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 29.55 million shares valued at $3.63 billion to account for 8.29% of the shares outstanding. The other top investors are Blackrock Inc. which holds 25.74 million shares representing 7.22% and valued at over $3.16 billion, while State Street Corporation holds 4.48% of the shares totaling 15.98 million with a market value of $1.96 billion.

Ross Stores Inc. (ROST) Insider Activity

A total of 14 insider transactions have happened at Ross Stores Inc. (ROST) in the last six months, with sales accounting for 8 and purchases happening 6 times.

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Ross Stores Inc. (ROST): Who are the competitors?

The company’s main competitors (and peers) include Inc. (OSTK) that is trading 855.97% up over the past 12 months. Nordstrom Inc. (JWN) is -3.62% down on the 1-year trading charts. Short interest in the company’s stock has risen 6.81% from the last report on Dec 30, 2020 to stand at a total of 4.38 million short shares sold with a short interest ratio of 2.7.

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