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 December 3, 2024, ROST stock price declined to $154.29 with 415,926 million shares trading.

ROST has a beta of 0.95, meaning it tends to be less sensitive to market movements. ROST has a correlation of 0.31 to the broad based SPY ETF.

ROST has a market cap of $51.47 billion. This is considered a Large Cap stock.

Last quarter Ross Stores reported $5 billion in Revenue and $1.48 earnings per share. This fell short of revenue expectation by $-75 million and exceeded earnings estimates by $.08.

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, IVV.

ROST has underperformed the market in the last year with a return of +18.1%, while the SPY ETF gained +32.8%. In the last 3 month period, ROST fell short of the market, returning +2.7%, while SPY returned +7.3%. However, in the most recent 2 weeks ROST has outperformed the stock market by returning +9.2%, while SPY returned +2.5%.

ROST support price is $154.11 and resistance is $158.61 (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.