Ross Stores, Inc. (ROST) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Ross Stores, Inc. (ROST) operates as a leading off-price retailer in the Consumer Cyclical sector, located in Dublin, California. Founded in 1982, the company specializes in offering discounted apparel and home fashion products through its retail brands, Ross Dress for Less and dd’s DISCOUNTS. Primarily servicing middle and moderate-income households, Ross Stores’ extensive product range includes affordable apparel, accessories, footwear, and home fashions. With a robust revenue of approximately $21.09 billion, the company has established itself as a key player in the off-price retail market, appealing to consumers seeking value in their shopping experiences.
Investment Recommendations
Current market analysis suggests a “buy” recommendation for investors considering Ross Stores, Inc. As of now, the stock is priced at $154.31, with analysts setting an optimistic target high price of $185.00. This reflects strong growth expectations along with a mean target price of $174.81, indicating a notable potential upside. Furthermore, Ross Stores has a moderate level of short interest, with only 3,599,569 shares held short—approximately 0.0111% of the float—which reflects overall positive investor sentiment towards the stock. With its promising market position and strong financials, the company appears to be a suitable option for investors looking to leverage consumer spending trends within the retail sector.
Performance Metrics
Analyzing key performance metrics reveals that Ross Stores has demonstrated remarkable resilience and upward momentum in its stock price, currently trading well above its fifty-two week low of $108.35. The price remains just below its fifty-two week high of $163.60, suggesting potential for further gains. The fifty-day moving average stands at $147.25, which positions the current price above this average, indicating a bullish trend in the short to medium term. With various analysts giving a consensus recommendation of “buy,” supported by a recommendation mean score of 1.8 from 19 analyst opinions, Ross Stores, Inc. remains an attractive investment opportunity for those eyeing the dynamics of the retail market and consumer behavior.
| Metric | Value |
|---|---|
| Market Cap | $51.2b |
| Total Debt | $5.9b |
| Total Cash | $4.7b |
| Shares Outstanding | 331.8m |
| Float Shares | 324.6m |
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