Analyst Expects Ross Stores, Inc. (NASDAQ: ROST) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

As a NASDAQ listed company, ROST falls under the Consumer Cyclical sector while operating within the Apparel Retail industry segment. The current market capitalization of Ross Stores, Inc. is $49.77B. A total of 1.5 million shares were traded on the day, compared to an average of 1.89M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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 29.28. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ROST in the last 3 months, the mean price target is $148.17 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 $149.61 and a low of $99.00.

As of this writing, ROST has an earnings estimate of $1.64 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 $1.58. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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.

Most Popular

Related Posts