Stocks of Ross Stores, Inc. (NASDAQ:ROST) traded higher last session on Wall Street, up 7.79% to $142.13.
ROST stock price is now 3.83% away from the 50-day moving average and 8.75% away from the 200-day moving average. The market capitalization of the company currently stands at $47.66B.
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With the price target enhanced from $135 to $160, Telsey Advisory Group maintained Market Perform rating for Ross Stores, Inc. (NASDAQ: ROST). On February 23, 2024, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $85 to quote $142, while ‘Cleveland Research’ rates the stock as ‘Buy’
In other news, Fleming Karen, PRESIDENT, CMO DD’S DISCOUNTS bought 35 shares of the company’s stock on Apr 01 ’24. The stock was bought for $5,230 at an average price of $147.51. Upon completion of the transaction, the PRESIDENT, CMO DD’S DISCOUNTS now directly owns 65,608 shares in the company, valued at $9.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’24, PRES., CHIEF CAPABILITY OFC’R KOBAYASHI MICHAEL K sold 13,860 shares of the business’s stock. A total of $2,043,757 was realized by selling the stock at an average price of $147.46. This leaves the insider owning 61,657 shares of the company worth $8.76 million. A total of 2.06% of the company’s stock is owned by insiders.
During the past 12 months, Ross Stores, Inc. has had a low of $100.66 and a high of $151.12. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 1.54, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $48262029312, which is based on a 23.96 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for ROST is $136.8132 and a two-hundred day moving average price translates $130.84116 for the stock.
The latest earnings results from Ross Stores, Inc. (NASDAQ: ROST) was released for 2024-05-04. The net profit margin was 9.60% and return on equity was 43.02% for ROST. The company reported revenue of $6.02 billion for the quarter, compared to $5.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.5 percent.
