Ross Stores, Inc (NASDAQ: ROST) is -0.07% lower on its value in year-to-date trading and has touched a low of $127.53 and a high of $163.60 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 $151.74 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $151.16, the stock is -0.34% and 1.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing -0.38% at the moment leaves the stock 4.50% off its SMA200. ROST registered 11.18% gain for a year compared to 6-month gain of -0.38%. The firm has a 50-day simple moving average (SMA 50) of $148.4722 and a 200-day simple moving average (SMA200) of $144.6116.
The stock witnessed a -2.96% loss in the last 1 month and extending the period to 3 months gives it a 7.18%, and is -2.00% 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 2.44% over the week and 1.95% over the month.
Ross Stores, Inc (ROST) has around 108000 employees, a market worth around $49.87B and $21.24B in sales. Current P/E ratio is 23.79 and Fwd P/E is 22.57. Profit margin for the company is 9.95%. Distance from 52-week low is 18.53% and -7.60% from its 52-week high. The company has generated returns on investments over the last 12 months (22.02%).
with sales reaching $5.95B over the same period.The EPS is expected to grow by 11.22% this year, but quarterly earnings will post 3.87% year-over-year. Quarterly sales are estimated to shrink -1.21% in year-over-year returns.
Ross Stores, Inc (ROST) Top Institutional Holders
1457.0 institutions hold shares in Ross Stores, Inc (ROST), with institutional investors hold 93.80% of the company’s shares. The shares outstanding are 330.26M, and float is at 322.91M with Short Float at 1.58%. Institutions hold 91.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.28 million shares valued at $4.26 billion. The investor’s holdings represent 8.8391% of the ROST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 24.92 million shares valued at $3.62 billion to account for 7.5236 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 15.9 million shares representing 4.801% and valued at over $2.31 billion, while STATE STREET CORP holds 4.2473 of the shares totaling 14.07 million with a market value of $2.04 billion.
Ross Stores, Inc (ROST) Insider Activity
The most recent transaction is an insider sale by Hartshorn Michael J., the company’s GROUP PRESIDENT, COO. SEC filings show that Hartshorn Michael J. sold 8,366 shares of the company’s common stock on Sep 16 ’24 at a price of $155.64 per share for a total of $1.3 million. Following the sale, the insider now owns 0.1 million shares.
Still, SEC filings show that on Sep 05 ’24, BALMUTH MICHAEL (EXECUTIVE CHAIRMAN) disposed off 14,887 shares at an average price of $152.22 for $2.27 million. The insider now directly holds 11,133 shares of Ross Stores, Inc (ROST).
