After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Ross Stores Inc. (ROST) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $104.51. The Ross Stores Inc. has recorded 28,178 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ross Stores, Inc. Announces First Quarter 2023 Earnings Release and Conference Call.
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Stocks Info
The company is listed on the NASDAQ and operates within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $104.51 and fluctuated between $104.67 as its day high and $102.62 as its day low. The current market capitalization of Ross Stores Inc. is $35.07B. A total of 1.98 million shares were traded on the day, compared to an average of 2.17M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ROST has seen 4 BUY and 9 SELL insider trades, representing the acquisition of 70,618 and the disposition of 119,796 shares. Over the last 12 months, there were 18 BUYs and 17 SELLs from insiders. Insiders purchased 111,163 shares during that period but sold 134,767.
In the most recent transaction, KOBAYASHI MICHAEL K sold 12,221 shares of ROST for 106.00 per share on Apr 06. After the transaction, the PRES., CHIEF CAPABILITY OFCR now owns 96,486 company shares. In a previous transaction on Mar 31, Burrill Jeffrey P sold 3,297 shares at 104.73 per share. ROST shares that SVP, CAO & CORP CONTROLLER owns now total 23,148.
Among the insiders who sold shares, Hartshorn Michael J. disposed of 20,529 shares on Mar 06 at a per-share price of $112.37. This resulted in the GROUP PRESIDENT, COO holding 127,659 shares of ROST after the transaction. In another insider transaction, BUSH MICHAEL J sold 1,000 shares at $81.46 per share on Jun 08. Company shares held by the Director now total 34,496.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Ross Stores Inc. pays an annual dividend of $1.34, resulting in a dividend yield of 1.28%, and it has a price to earnings (P/E) ratio of 23.84. ROST’s most recent ex-dividend date was 3/13/2023 when it declared a $0.3350 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/5/2022. The ROST stock dividend was $0.31 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ROST in the last 3 months, the mean price target is $120.21 with high estimates of $135.00 and low estimates of $77.00. In terms of 52-week highs and lows, ROST has a high of $122.44 and a low of $69.24.
As of this writing, ROST has an earnings estimate of $1.06 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.17 per share and a lower estimate of $0.98. The company reported an EPS of $1 in the last quarter, which was 23.50% higher than expectations of $0.81.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ROST’s latest balance sheet shows that the firm has $4.92B in Cash & Short Term Investments as of fiscal 2022. There were $5.62B in debt and $4.21B in liabilities at the time. Its Book Value Per Share was $12.62, while its Total Shareholder’s Equity was $4.06B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROST is Buy with a score of 4.53.
