Market Movers

Ross Stores, Inc.’s Stock Price Soars to $153.87, Showcasing a Robust 2.26% Increase

By December 27, 2024 No Comments

Ross Stores, Inc. (ROST)

153.87 USD +3.40 (+2.26%) Volume: 1.31M

Ross Stores, Inc.’s stock price is currently performing strongly at 153.87 USD, marking a notable trading session increase of +2.26%. With a robust trading volume of 1.31M and a year-to-date percentage change of +11.19%, ROST stock continues to display promising growth potential, making it a compelling consideration for investors.


Latest developments on Ross Stores, Inc.

Recently, insiders at Ross Stores Inc made headlines by selling off US$4.7 million in stock, hinting at potential weakness within the company. This move by key figures within the organization has sparked speculation and uncertainty among investors, leading to fluctuations in the stock price today. The market is closely monitoring these insider actions as they could be indicative of underlying issues or future challenges facing Ross Stores Inc. This development has contributed to the current stock price movements as investors react to the news of insider selling.


Ross Stores, Inc. on Smartkarma

Analyst coverage of Ross Stores Inc on Smartkarma has been positive, with research reports from Baptista Research highlighting the company’s strong financial performance. In a report titled “Ross Stores Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers,” the analysts noted the company’s third-quarter 2024 earnings showed growth in total sales to $5.1 billion and an increase in earnings per share to $1.48. Another report, “Ross Stores Inc.: What Is Its Approach Towards Brand Diversification and Merchandise Strategy? – Major Drivers,” praised the company’s strong second quarter for fiscal year 2024, with a 7% increase in sales to $5.3 billion and a 4% rise in comparable store sales.


A look at Ross Stores, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Ross Stores Inc has a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is positioned for continued success in the retail sector. The company’s focus on offering discounted name brand and designer products at its off-price stores has proven to be a winning strategy, attracting customers looking for quality items at affordable prices.

While Ross Stores Inc may not score as high in Value and Dividend compared to other factors, its overall outlook remains promising. The company’s ability to adapt to changing consumer preferences and maintain a resilient business model bodes well for its future performance. Investors looking for a retail stock with growth potential and a strong market presence may find Ross Stores Inc to be a solid choice in their portfolio.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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