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What should you know before buying stock in Ross Stores, Inc. (ROST)

Ross Stores, Inc. (NASDAQ: ROST) is 6.05% higher on its value in year-to-date trading and has touched a low of $99.00 and a high of $151.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROST stock was last observed hovering at around $147.19 in the last trading session, with the day’s loss setting it -0.43%.

Currently trading at $146.76, the stock is 0.01% and 1.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing -0.29% at the moment leaves the stock 16.59% off its SMA200. ROST registered 42.29% gain for a year compared to 6-month gain of 34.74%. The firm has a 50-day simple moving average (SMA 50) of $2.47 and a 200-day simple moving average (SMA200) of $18.44.

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The stock witnessed a -2.45% loss in the last 1 month and extending the period to 3 months gives it a 6.80%, and is -0.29% down 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 1.09% over the week and 1.59% over the month.

Ross Stores, Inc. (ROST) has around 101000 employees, a market worth around $49.41B and $20.38B in sales. Current P/E ratio is 26.38 and Fwd P/E is 22.35. Profit margin for the company is 9.20%. Distance from 52-week low is 48.24% and -2.89% from its 52-week high. The company has generated returns on investments over the last 12 months (19.35%).

Ross Stores, Inc. quarterly earnings per share for the current quarter are estimated at $1.35 with sales reaching $4.82B over the same period.The EPS is expected to grow by 6.85% this year, but quarterly earnings will post 4.30% year-over-year.

Ross Stores, Inc. (ROST) Top Institutional Holders

1,341 institutions hold shares in Ross Stores, Inc. (ROST), with institutional investors hold 92.53% of the company’s shares. The shares outstanding are 342.75M, and float is at 329.88M with Short Float at 0.99%. Institutions hold 90.64% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 28.14 million shares valued at $3.15 billion. The investor’s holdings represent 8.26% of the ROST Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 27.19 million shares valued at $3.05 billion to account for 7.98% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 26.45 million shares representing 7.76% and valued at over $2.97 billion, while State Street Corporation holds 4.22% of the shares totaling 14.38 million with a market value of $1.61 billion.

Ross Stores, Inc. (ROST) Insider Activity

The most recent transaction is an insider sale by Hartshorn Michael J.,the company’sGROUP PRESIDENT, COO. SEC filings show that Hartshorn Michael J. sold 19,014 shares of the company’s common stock on Mar 27 ’24 at a price of $146.39 per share for a total of $2.78 million. Following the sale, the insider now owns 0.12 million shares.

Ross Stores, Inc. disclosed in a document filed with the SEC on Mar 27 ’24 that Morrow Brian R. (PRESIDENT, CMO DD’S DISCOUNTS) sold a total of 10,734 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $146.00 per share for $1.57 million. Following the transaction, the insider now directly holds 62711.0 shares of the ROST stock.

Still, SEC filings show that on Mar 18 ’24, Hartshorn Michael J. (GROUP PRESIDENT, COO) disposed off 21,056 shares at an average price of $145.14 for $3.06 million. The insider now directly holds 114,488 shares of Ross Stores, Inc. (ROST).

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