The price of Ross Stores, Inc (NASDAQ:ROST) shares last traded on Wall Street rose 2.61% to $142.96.
ROST stock price is now -1.63% away from the 50-day moving average and -0.46% away from the 200-day moving average. The market capitalization of the company currently stands at $47.43B.
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With the price target reduced from $179 to $152, Citigroup Downgraded its rating from Buy to Neutral for Ross Stores, Inc (NASDAQ: ROST). On August 23, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $160 to quote $175, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Hartshorn Michael J., GROUP PRESIDENT, COO sold 8,366 shares of the company’s stock on Sep 16 ’24. The stock was sold for $1,302,103 at an average price of $155.64. Upon completion of the transaction, the GROUP PRESIDENT, COO now directly owns 103,049 shares in the company, valued at $14.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer MICHAEL HARTSHORN bought 8,366 shares of the business’s stock. A total of $1,302,103 was incurred on buying the stock at an average price of $155.64. A total of 2.03% of the company’s stock is owned by insiders.
During the past 12 months, Ross Stores, Inc has had a low of $127.53 and a high of $163.60. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 1.56, and a quick ratio of 1.05. According to the stock market information, the enterprise value for the company is $47417143296, which is based on a 23.05 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for ROST is $145.5204 and a two-hundred day moving average price translates $143.61896 for the stock.
The latest earnings results from Ross Stores, Inc (NASDAQ: ROST) was released for 2024-08-03. The net profit margin was 9.82% and return on equity was 43.24% for ROST. The company reported revenue of $5.29 billion for the quarter, compared to $4.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.15 percent.
