Investing In Ross Stores, Inc. (NASDAQ: ROST): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance.

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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 $137.63 and fluctuated between $138.44 as its day high and $136.62 as its day low. The current market capitalization of Ross Stores, Inc. is $46.34B. A total of 1.75 million shares were traded on the day, compared to an average of 2.19M 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 1 BUY and 0 SELL insider trades, representing the acquisition of 52,311 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 21 SELLs from insiders. Insiders purchased 170,658 shares during that period but sold 277,972.

In the most recent transaction, KOBAYASHI MICHAEL K sold 20,749 shares of ROST for 111.73 per share on Oct 06. After the transaction, the PRES., CHIEF CAPABILITY OFC’R now owns 71,413 company shares. In a previous transaction on Aug 29, RENTLER BARBARA sold 10,091 shares at 120.11 per share. ROST shares that CHIEF EXECUTIVE OFFICER owns now total 272,080.

Among the insiders who sold shares, RENTLER BARBARA disposed of 23,254 shares on Aug 28 at a per-share price of $120.02. This resulted in the CHIEF EXECUTIVE OFFICER holding 282,171 shares of ROST after the transaction. In another insider transaction, RENTLER BARBARA sold 20,000 shares at $119.07 per share on Aug 25. Company shares held by the CHIEF EXECUTIVE OFFICER now total 305,425.

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 $1.36, resulting in a dividend yield of 0.99%, and it has a price to earnings (P/E) ratio of 27.26. ROST’s most recent ex-dividend date was 12/4/2023 when it declared a $0.3350 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/1/2023. 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 $140.12 with high estimates of $160.00 and low estimates of $85.00. In terms of 52-week highs and lows, ROST has a high of $139.32 and a low of $99.00.

As of this writing, ROST has an earnings estimate of $1.62 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.69 per share and a lower estimate of $1.51. The company reported an EPS of $1.32 in the last quarter, which was 13.80% higher than expectations of $1.16.

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 $13.60, 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 4.52.

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