Ross Stores Inc (NASDAQ: ROST) has reported earnings for its fourth fiscal quarter (ending January 31) of $1.83 versus $1.32 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $5.59 compared to $4.40 a year ago.
Recent Price Action
Ross Stores Inc (NASDAQ: ROST) stock closed at $149.17 on 3/5/24 after a slight decline of -0.5%. Moreover, unusually high trading volume at 183% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ross Stores has a slightly negative Appreciation Score of 37 but a very high Power Rating of 96, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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