Is Ross Stores, Inc. (NASDAQ: ROST) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call.

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Stocks Info

ROST belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Apparel Retail industry. At the end of the last regular session, the stock closed at $148.03 and fluctuated between $149.60 as its day high and $147.25 as its day low. The current market capitalization of Ross Stores, Inc. is $49.84B. A total of 1.5 million shares were traded on the day, compared to an average of 1.89M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ross Stores, Inc. pays an annual dividend of $1.34, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 29.32. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ROST in the last 3 months, the mean price target is $147.07 with high estimates of $165.00 and low estimates of $135.00. In terms of 52-week highs and lows, ROST has a high of $146.92 and a low of $99.00.

As of this writing, ROST has an earnings estimate of $1.63 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.64.

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