Ross Stores Inc. (NASDAQ:ROST)’s traded shares stood at 1.29 million during the latest session, with the company’s beta value hitting 1.03. At the last check today, the stock’s price was $113.89, to imply an increase of 0.21% or $0.24 in intraday trading. The ROST share’s 52-week high remains $134.21, putting it -17.84% down since that peak but still an impressive 25.65% since price per share fell to its 52-week low of $84.68. The company has a valuation of $40.91B, with an average of 1.67 million shares in intraday trading volume over the past 10 days and average of 1.73 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Ross Stores Inc. (ROST), translating to a mean rating of 2.00. Of 25 analyst(s) looking at the stock, 0 analyst(s) give ROST a Sell rating. 3 of those analysts rate the stock as Overweight while 7 advise Hold as 15 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.76.
Ross Stores Inc. (NASDAQ:ROST) trade information
After registering a 0.21% upside in the latest session, Ross Stores Inc. (ROST) has traded red over the past five days. The stock hit a weekly high of 115.78 this Thursday, 09/16/21, jumping 0.21% in its intraday price action. The 5-day price performance for the stock is -0.54%, and -5.89% over 30 days. With these gigs, the year-to-date price performance is -7.46%. Short interest in Ross Stores Inc. (NASDAQ:ROST) saw shorts transact 3.11 million shares and set a 1.74 days time to cover.
Analysts on Wall Street suggest a consensus price target of $140.47, implying an increase of 18.92% to the stock’s recent value. The extremes give us $130.00 and $153.00 for target low and target high price respectively. As such, ROST has been trading -34.34% off suggested target high and -14.15% from its likely low.
Ross Stores Inc. (ROST) estimates and forecasts
Looking at statistics comparing Ross Stores Inc. share performance against respective industry, we note that the company has outperformed competitors. Ross Stores Inc. (ROST) shares are -7.73% down over the last 6 months, with its year-to-date growth rate higher than industry average at 473.08% against 8.70%. Revenue is forecast to shrink -25.50% this quarter before jumping 50.70% for the next one. The rating firms project that company’s revenue will grow 48.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is $4.31 billion. Meanwhile, for the quarter ending Jan 2022, a total of 20 analyst(s) estimate revenue growth to $4.94 billion.
Ross Stores Inc. has its next earnings report out between November 17 and November 22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ross Stores Inc. has a forward dividend ratio of 1.14, with the share yield ticking at 1.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.82%.
Ross Stores Inc. (NASDAQ:ROST)’s Major holders
Ross Stores Inc. insiders hold 1.92% of total outstanding shares, with institutional holders owning 88.14% of the shares at 89.86% float percentage. In total, 88.14% institutions holds shares in the company, led by Price (T.Rowe) Associates Inc. As of Jun 29, 2021, the company held over 52.5 million shares (or 14.77% of shares), all amounting to roughly $6.51 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 27.26 million shares, or about 7.67% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $3.38 billion.
We also have Vanguard Total Stock Market Index Fund and Price (T.Rowe) Growth Stock Fund Inc. as the top two Mutual Funds with the largest holdings of the Ross Stores Inc. (ROST) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 10.07 million shares. This is just over 2.83% of the total shares, with a market valuation of $1.25 billion. Data from the same date shows that the other fund manager holds a little less at 8.25 million, or 2.32% of the shares, all valued at about 1.02 billion.