Ross Stores Inc (NASDAQ: ROST) has reported earnings for its first fiscal quarter (ending April 30) of $1.47 versus $1.10 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $5.97 versus $4.53 for the same period a year ago.
Recent Price Action
Ross Stores Inc (NASDAQ: ROST) stock rose slightly by 0.3% on 5/23/24. The stock closed at $131.86. Moreover, trading volume in this advance was unusually high at 159% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
ROST is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ross Stores has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Ross Stores has a slightly negative Appreciation Score of 34 but a good Power Rating of 82, and the High Neutral Value Trend Rating results.
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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