Ross Stores Inc (NASDAQ: ROST) has reported earnings for its second fiscal quarter (ending July 31) of $1.60 versus $1.33 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $6.24 versus $4.74 for the same period a year ago.
Recent Price Action
Ross Stores Inc (NASDAQ: ROST) stock declined slightly by -0.9% on 8/22/24. The stock closed at $152.52. Moreover, trading volume in this decline was above average at 148% of normal. The stock has performed in line with the market over the last nine months and has risen 7.9% 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 (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ross Stores has a poor Appreciation Score of 30 but a slightly positive Power Rating of 64, resulting in the Low 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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