Ross Stores Inc. (ROST)
Consumer Discretionary6 articles
Price chart
Why is ROST moving today?
+1.0%ROST is +1.0% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Ross Stores Inc. (ROST) overview
Ross Stores is an off-price apparel and home-goods retailer operating Ross Dress for Less.
ROST is a member of the S&P 500. It sits in the Consumer Discretionary sector. That sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Ross Stores Inc. trades on the NasdaqGS under the ticker symbol ROST. The most recent market data puts the share price at about $237.17. That is up 1.00% on the session. At that price the company is worth roughly $76.08B.
Over the past 52 weeks, ROST has traded between $154.87 and $257.00. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 28.7. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. ROST also pays a dividend. It yields around 0.76% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch ROST
ROST is one of the larger names in the Consumer Discretionary sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each ROST story as it breaks, and tags it bullish, bearish or neutral.
What moves ROST
- Earnings. ROST reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from ROST.
- Sector news. Consumer Discretionary stocks often move together, so a rival's news can move ROST too.
Market Mood
Latest ROST news
Ross Stores vs Target: Key Retail Metrics Compared
The article compares operational setups and strategies of Ross Stores and Target. It highlights differences in store management and merchandising approaches between the two retailers. Specific metrics such as inventory management, customer flow, and pricing strategies are analyzed to show how these factors could influence each company's performance. Investors should note that these operational insights can affect their outlook on retail stocks like Ross Stores (ROST) and Target (TGT).
Read More: Ross Stores vs Target: Key Retail Metrics Compared
Stock Futures Flat Amid 700 Point Dow Decline and Rising Yields
Stock futures were little changed following a sharp pullback on Wall Street, where the Dow Jones Industrial Average fell 700 points, marking its worst day since July 29. The S&P 500 and Nasdaq Composite decreased by 0.9% and 1%, respectively, with the S&P down 1.9% for the week. Long-dated U.S. Treasury yields resumed climbing, affecting investor sentiment amid inflation concerns. Conversely, Ross Stores (ROST) shares rose over 7% after reporting earnings of $2.06 per share on better-than-expected revenue, highlighting positive corporate performance amidst market volatility.
Read More: Stock Futures Flat Amid 700 Point Dow Decline and Rising Yields
Target (TGT) Earnings Double to $4.11 Amid Strong Revenue and Guidance
Target (TGT) reported earnings of $4.11 per share for the fiscal second quarter, doubling expectations and indicating strong revenue along with positive same-store sales. Despite the robust performance and raised guidance, TGT stock experienced a decline in premarket trading. This earnings report sets the stage ahead of other major retail earnings, including Walmart (WMT) and Ross Stores (ROST), which are also scheduled for this week. The mixed reaction to the earnings may signal uncertainty among investors despite the strong figures, making it crucial for ordinary investors to analyze trends ahead of further retail reports.
Read More: Target (TGT) Earnings Double to $4.11 Amid Strong Revenue and Guidance
S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
European stocks closed down 0.57% on the global tech sell-off, with France's Cac 40 down 0.7% and Germany's DAX losing 0.8%. The tech sector fell by 3.4% while miners declined 3.3%. Ross Stores (ROST) was downgraded to equal weight with a target at $245, reflecting a 3.4% upside from its last close. SpaceX (SPCX) shares fell below $150, bringing its market cap below $2 trillion following a four-day losing streak and a price drop of over 26% from its peak.
Read More: S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
Ross Stores (ROST) Trading at 29 Times Earnings Estimates
Ross Stores, Inc. (NASDAQ: ROST) is currently trading at 29 times this year’s earnings estimates, an increase from 23 times since Jim Conroy took over. Conroy expressed confidence in the company's ability to improve sales and expand from nearly 2,300 stores to a potential 3,600. While he does not expect the same-store sales growth to continue at 17%, he anticipates solid results that may allow for further investment in marketing and store improvements. Compared to TJX's 31 times earnings, this valuation could seem reasonable given ROST's performance potential.
Read More: Ross Stores (ROST) Trading at 29 Times Earnings Estimates
Ross Stores Reports Form 144 Filing on March 25, Specific Shares Noted
Ross Stores has filed Form 144 on March 25, detailing the sale of shares. The filing is significant as it provides information on the number of shares being sold and could indicate insider trading activities. The specific number of shares affected has not been detailed in the available report. Understanding such filings is crucial for investors assessing insider movements and potential impacts on stock availability and pricing.
Read More: Ross Stores Reports Form 144 Filing on March 25, Specific Shares NotedMore Consumer Discretionary stocks
Frequently asked questions
Is Ross Stores Inc. in the S&P 500?
Yes. Ross Stores Inc. trades as ROST and is a member of the S&P 500. The index lists it in the Consumer Discretionary sector.
What sector is ROST in?
ROST sits in the Consumer Discretionary sector of the S&P 500.
Where can I find the latest ROST news?
Right here. This page collects recent ROST news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Ross Stores Inc.'s stock price?
ROST last traded at about $237.17. Prices move all through the session, so this is the latest quote rather than a live one.
What is Ross Stores Inc.'s market cap?
ROST is worth roughly $76.08B. Market cap is the share price times the number of shares outstanding.
What is ROST's P/E ratio?
ROST trades at a trailing P/E ratio of about 28.7. The ratio compares the share price with earnings per share over the past year.