ROST Stock Summary and Trading Ideas (Ross Stores | NASDAQ:ROST)

Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are often filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates about 350 DD's Discounts chains targeting lower-income shoppers.

Ross Stores trades on the NASDAQ stock market under the symbol ROST.

As of November 8, 2024, ROST stock price climbed to $143.40 with 2,618,487 million shares trading.

ROST has a beta of 1.07, meaning it tends to be more sensitive to market movements. ROST has a correlation of 0.39 to the broad based SPY ETF.

ROST has a market cap of $47.83 billion. This is considered a Large Cap stock.

Last quarter Ross Stores reported $5 billion in Revenue and $1.59 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.09.

In the last 3 years, ROST traded as high as $163.60 and as low as $69.24.

The top ETF exchange traded funds that ROST belongs to (by Net Assets): VTI, VOO, QQQ, SPY, VUG.

ROST has underperformed the market in the last year with a price return of +17.6% while the SPY ETF gained +38.5%. ROST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and -0.7%, respectively, while the SPY returned +15.7% and +3.3%, respectively.

ROST support price is $140.22 and resistance is $143.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROST shares will trade within this expected range on the day.