Ross Stores Inc (NASDAQ:ROST) shares traded 0.39% up during most recent session to reach at the closing price of $92.95. The stock exchanged hands 1.66 Million shares versus average trading capacity of 3.26 Million shares, yielding a market cap of $34.31 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $95.04 within the next 52-weeks. The mean target projections are based on 23 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Ross Stores Inc (NASDAQ:ROST) high price target of $110 and with a conservative view have low price target of $84.
Morgan Stanley “Maintained” Ross Stores Inc (NASDAQ:ROST) in a research note issued to investors on 11/23/18 to Overweight with price target of $94.
Additionally on 11/21/18 Citigroup “Maintained” Ross Stores Inc (NASDAQ:ROST) to Neutral setting price target at $88 and on 11/21/18 Credit Suisse “Maintained” the stock to Outperform at $95. Furthermore on 11/21/18 Nomura “Maintained” the stock to Buy at $95.
On the other hand the company has Relative Strength Index (RSI 14) of 64.92 along with Average True Range (ATR 14) of 1.7, Consequently Ross Stores Inc (NASDAQ:ROST)’s weekly and monthly volatility is 1.34%, 1.66% respectively. The company’s beta value is at 0.91.
In terms of Buy, Sell or Hold recommendations, Ross Stores Inc (NASDAQ:ROST) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Ross Stores Inc (NASDAQ:ROST)’s minimum EPS for the current quarter is at $1.04 and can go high up to $1.2. The consensus mean EPS for the current quarter is at $1.13 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.98 earnings per share for the same quarter during last year.
Previously Ross Stores Inc (NASDAQ:ROST) reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.9 by $0.01. The company posted an earnings surprise of 1.1%.
Ross Stores Inc (NASDAQ:ROST)’s revenue estimates for the current quarter are $4.05 Billion according to 24 number of analysts, for the current quarter the company has high revenue estimates of $4.14 Billion in contradiction of low revenue estimates of $4 Billion. For the current year the company’s revenue estimates are $14.93 Billion compared to low analyst estimates of $14.87 Billion and high estimates of $15.02 Billion according to 26 number of analysts.
Currently Ross Stores Inc (NASDAQ:ROST)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 95.1%. However the six-month change in the insider ownership was recorded -7.55%, as well as three-month change in the institutional ownership was recorded 3.16%.
Ross Stores Inc (NASDAQ:ROST)’s trailing twelve month revenues are $14.94 Billion, whereas its price to sales ratio for the same period is 2.3. Its book value per share for the most recent quarter is $8.66 while its price to book ratio for the same period is 10.73, as for as the company’s cash per share for the most recent quarter is $3.65, however its price to cash per share ratio for the same period is 25.43. The stock has 5 year expected PEG ratio of 1.92 whereas its trailing twelve month P/E ratio is 23.02.