Ross Stores Inc (NASDAQ: ROST) has reported E.P.S. of $1.34 for its third fiscal quarter (ending October 31) versus $1.00 for the same period a year ago — an increase of 34%. For the latest four quarters through October 31, E.P.S. were $5.08 compared to $4.14 a year ago — an increase of 23%.
Recent Price Action
Ross Stores Inc (NASDAQ: ROST) stock closed at $120.15 on 11/16/23 after a large decline of -3.1%. The stock has declined -2.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ROST’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ross Stores has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ross Stores has a poor Appreciation Score of 26 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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