Ross Stores Inc. (NASDAQ:ROST) [Trend Analysis] regains street interests, as shares collapsed -5.46% on Monday and it traded at $52.49. Ross Stores, Inc. (ROST) released that EPS for 13 weeks ended April 30, 2016 of $.73, for a 6% gain on top of a robust 19% increase in the prior year period. Net earnings for the 2016 first quarter were $291 million, up from $282 million last year. Sales increased 5% to $3.089 billion, with comparable store sales up 2% on top of a strong 5% gain in the first quarter of 2015.
Chief Executive Officer, Barbara Rentler commented that even though they faced their strongest prior year comparisons, sales performed at the high end of guidance, while earnings per share were slightly above our targeted range. “Operating margin for the period of 15.4% was down from last year, but slightly above plan, mainly due to higher merchandise margins that partially offset the expected impact from the unfavorable timing of packaway-related costs.”
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1.50 as compared to its debt to equity ratio stands at 0.16. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 13.50%. Investors looking further ahead will note that the Price to next year’s EPS is 11.84%.
For current month, 1 analyst from pool recommended for an “overweight” rating, while 16 gave rating of “Buy” and 13 analysts suggest to “Hold” and 1 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for ROST has been mentioned as; 67.00 tends to high price target, medium level touched to 60.50, and 46.50 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 59.65, where as the current price is 52.49, as per research conducted by WSJ.
As for as concerns shares volumes, in share capital Ross Stores Inc. (NASDAQ:ROST) has 425.00 million outstanding shares among them 392.82 million shares have been floated in market exchange. The firm’s institutional ownership remained 90.30% while insider ownership included 0.70%.
The stock showed weekly upbeat performance of -3.37%, which maintained for the month at -8.31%. Likewise the positive performance for the quarter recorded as -5.08% and for the year was 4.36%, while the YTD performance remained at -2.22%.