Ross Stores Inc. (NASDAQ:ROST) traded at $115.27 at close of the session on Tuesday, 11/22/22, made an upward move of 2.64% on its previous day’s price.
Looking at the stock we see that its previous close was $112.30 and the beta (5Y monthly) reads 0.98 with the day’s price range being $112.78 – $115.80. The company has a trailing 12-month PE ratio of 27.98. In terms of its 52-week price range, ROST has a high of $115.90 and a low of $69.24. The company’s stock has gained about 32.36% over that past 30 days.
Ross Stores Inc. has a market cap of $36.41 billion and is expected to release its quarterly earnings report on Nov 17, 2022. With its Forward Dividend at 1.24 and a yield of 1.08%, the company’s investors could be anxious for the ROST stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.23, with the EPS growth for the year raised at $4.26 for 2023 and $4.99 for next year. These figures represent -12.50% and 17.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.14 billion, with a low of $5.04 billion and a high of $5.22 billion. The median projection represents growth squeezing down to 2.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $18.57 billion, or -1.80% down from figures reported last year.
There have been 16 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ROST stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the ROST stock currently stands at 5.42, and the current price level is 19.94% off its SMA20 and 27.72% from its 50-day simple moving average. The RSI (14) is pointing at 79.23 while the volatility over the past week is 4.58% and jumps to 3.52% over the past one month. The beta value is 0.96, while the average true range (ATR) is currently pointing at 4.43.
Let’s briefly compare Ross Stores Inc. (ROST) stock to its peers. We find that current price change of 2.64% and 3.69% over the past 12 months for ROST competes that of Amazon.com Inc. (AMZN), which has seen its stock price rise 0.80% in the last trading session and was -47.82% over the last one year. Another of its peers Target Corporation (TGT) has dropped -0.10% previous session, and was -35.45% down over the past year, while The TJX Companies Inc. (TJX) was also up 1.41% in the last session, while its price remained in the green at 14.64% over the same period. Ross Stores Inc. has a P/E ratio of 27.98 compared to Amazon.com Inc.’s 85.98 and Target Corporation’s 17.93. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.
Coming back to Ross Stores Inc. (NASDAQ:ROST), we note that the average 3-month trading volume was 2.69 million, while that of the preceding 10-day period stands at 4.34 million. Current shares outstanding are 344.88 million.
The insiders hold 0.30% of the company’s shares while institutions hold 91.80%. The data shows that short shares as of Oct 30, 2022, stood at 7.3 million at a short ratio of 3.11. This represents a 2.10% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 8.29 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 0.87% up in year-to-date price movement.