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Friday, September 29, 2023

Ross Stores Inc. (NASDAQ: ROST) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ross Stores Inc. (ROST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.10%, to $119.83. The Ross Stores Inc. has recorded 48,847 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ross Stores Announces Changes to Its Board Leadership.

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Stocks Info

Ross Stores Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Apparel Retail industry. At the end of the last regular session, the stock closed at $119.95 and fluctuated between $120.75 as its day high and $119.35 as its day low. The current market capitalization of Ross Stores Inc. is $40.90B. A total of 1.9 million shares were traded on the day, compared to an average of 2.38M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ROST has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 17 SELLs from insiders. Insiders purchased 92,902 shares during that period but sold 176,235.

In the most recent transaction, RENTLER BARBARA sold 10,091 shares of ROST for 120.11 per share on Aug 29. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 272,080 company shares. In a previous transaction on Aug 28, RENTLER BARBARA sold 23,254 shares at 120.02 per share. ROST shares that CHIEF EXECUTIVE OFFICER owns now total 282,171.

Among the insiders who sold shares, RENTLER BARBARA disposed of 20,000 shares on Aug 25 at a per-share price of $119.07. This resulted in the CHIEF EXECUTIVE OFFICER holding 305,425 shares of ROST after the transaction. In another insider transaction, Morrow Brian R. sold 25,945 shares at $121.53 per share on Aug 23. Company shares held by the PRESIDENT, CMO DD’S DISCOUNTS now total 67,033.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Ross Stores Inc. pays an annual dividend of $1.34, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 25.45. ROST’s most recent ex-dividend date was 9/1/2023 when it declared a $0.3350 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/5/2023. The ROST stock dividend was $0.3350 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ROST in the last 3 months, the mean price target is $129.99 with high estimates of $142.00 and low estimates of $84.00. In terms of 52-week highs and lows, ROST has a high of $122.70 and a low of $81.21.

As of this writing, ROST has an earnings estimate of $1.2 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.25 per share and a lower estimate of $1.11. The company reported an EPS of $1.09 in the last quarter, which was 2.80% higher than expectations of $1.06.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $12.75, while its Total Shareholder’s Equity was $4.06B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.44.

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