How to Buy Ross Stores Stock
Ross Stores Inc
Ross Stores, Inc. , together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names.
Ross Stores stock last closed at $132.15, down 0.35% from the previous day, and has increased 27.02% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.17 percentage points. Ross Stores stock is currently +33.48% from its 52-week low of $99.00, and -12.55% from its 52-week high of $151.12.
There are currently 335.17M shares of ROST outstanding. The market cap of ROST is $44.29B. In the last 24 hours, 2.36M ROST shares were traded.
How to Buy Ross Stores Stock
Not sure how to invest in Ross Stores stock? Here's how.
- Choose where to buy Ross Stores stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Ross Stores stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your info.
- Research Ross Stores stock: The Ross Stores ticker symbol is ROST. Is Ross Stores stock a good investment? Should you buy shares of ROST? How do ROST's underlying business fundamentals look? Do top analysts think Ross Stores is a good buy? Why has ROST's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ROST is a good stock to buy).
- Place your ROST trade: Decide if you will purchase ROST shares at the current market price or use a limit order to buy ROST shares at a particular price.
- Get the latest scoop on your ROST investment: Create a watchlist to keep tabs on your new investment in Ross Stores stock.
Step 1: Choose where to buy Ross Stores stock
You need an online brokerage account in order to access the NASDAQ market and buy ROST shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you can invest in ROST stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
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Step 3: Fund your investment account
Now that you've finished signing up on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing funds into your investment account.
Step 4: Research Ross Stores stock
After you have selected the best place to buy Ross Stores stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk and opportunity.
Overview of key ROST info
Fundamentals of Ross Stores
WallStreetZen was built to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on ROST's stock page.
Is ROST stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ROST's true value.
Using relative valuations methods:
- ROST could be undervalued based on its P/E ratio of 23.64x, relative to Apparel Retail industry P/E ratio of 23.95x
- ROST may be overvalued based on its P/B ratio of 9.09x, relative to Apparel Retail industry P/B ratio of 7.13x
You can do additional valuation analysis on ROST's stock here.
ROST Financials at a glance
Passed Health Checks:
- ROST earnings of $2.31B is not sufficient to cover its interest payments.
- ROST's operating cash flow of $2.51B allows it to safely service it's debt of $5.75B.
- There are more short-term assets than long-term liabilities on the ROST balance sheet.
- There are more short-term assets than short-term liabilities on the ROST balance sheet.
- ROST profit margin has gone up from 8.1% to 9.2% in the past year.
Failed Health Checks:
- ROST has a relatively high debt to equity ratio of 1.94.
- Total ROST debt is higher than 5 years ago, relative to shareholder equity.
Is Ross Stores stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 17 sell side analysts who track ROST, the consensus analyst rating on Ross Stores is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent ROST Analyst Ratings
Corey Tarlowe, a top 14% analyst from Jefferies maintains ROST with a hold rating and raises their ROST price target from $135.00 to $147.00, on Mar 6, 2024.
Paul Lejuez, a top 4% analyst from Citigroup maintains ROST with a strong buy rating and raises their ROST price target from $147.00 to $172.00, on Mar 6, 2024.
Mark Altschwager, a top 13% analyst from Baird maintains ROST with a buy rating and raises their ROST price target from $145.00 to $162.00, on Mar 6, 2024.
Robert Drbul, a top 14% analyst from Guggenheim maintains ROST with a strong buy rating and raises their ROST price target from $140.00 to $165.00, on Mar 6, 2024.
Guggenheim's Robert Drbul raised their price target on Ross Stores (NASDAQ: ROST) by 17.9% from $140 to $165 on 2024/03/06. The analyst maintained their Strong Buy rating on the stock.
Drbul's price target hike followed Ross Stores 2024/03/05-dated Q4 and FY 2023 print.
The analyst reported that "in view of Ross Stores sustained momentum and upbeat quarterly results, Guggenheim increased its FY 2024 EPS estimate from $5.75 to $5.90 and set FY 2025 EPS estimate of $6.50."
Earnings Report
Ross Stores reported:
For Q4 2023:
- EPS of $1.82, which beat the Zacks Consensus Estimate of $1.63 and, by 38.9%, Q4 2022's $1.31.
- Revenue of $6.023B, which beat the Zacks Consensus Estimate of $5.778B and, by 15.5%, Q4 2022's $5.214B.
- Comparable store sales up 7% Y/Y.
- The repurchase of 1.9M shares for $247M.
For FY 2023:
- EPS of $5.56, up % from FY 2022's $4.38.
- Revenue of $20.377B, up 9% from FY 2022's $18.696B.
- The repurchase of 8.2M shares for $950M.
Management guided:
For Q1 2024:
- EPS of $1.29 to $1.35 (compared to Q1 2023's $1.09).
- Comparable store sales up 2% to 3%.
For FY 2024:
- EPS of $5.64 to $5.89.
- Same-store sales growth of 2% to 3% (Compared to FY 2023's 5% growth).
CEO Barbara Rentler commented: “We are pleased with our Q4 sales and earnings results that were well ahead of our expectations. Our above-plan sales were driven by customers’ positive response to our improved assortments of quality branded bargains throughout our stores.
“Q4 operating margin grew 165 bps to 12.4%, up from 10.7% in the prior year. This improvement was mainly due to strong gains in same-store sales and lower freight costs that were partially offset by higher incentives. The 53rd week benefited operating margin by 80 bps."
"While we are encouraged by the sustained sales momentum that began in Q2 2023 and continued through the holiday season, there remains ongoing uncertainty in the macroeconomic and geopolitical environments.
"In addition, while inflation has moderated, housing, food, and gasoline costs remain elevated and continue to pressure our low-to-moderate income customers’ discretionary spending.
"As a result, while we hope to do better, we believe it is prudent to continue to take a conservative approach to forecasting our business in 2024.”
Matthew Boss, a top 11% analyst from JP Morgan maintains ROST with a strong buy rating and raises their ROST price target from $150.00 to $163.00, on Mar 6, 2024.
You can dive deeper into what analysts are forecasting on the Ross Stores stock forecast page.
ROST Trading Indicators
ROST Performance Metrics
Last year, ROST earnings were $1.87B. Over the past five year, ROST's earnings have increased by 5.39% per year. This was slower than the Apparel Retail industry average of 11.72%.
Last year, ROST revenue was $20.38B. In the past five year, ROST's revenue has gone up by 6.34% per year. This was slower than the Apparel Retail industry average of 9.17%.
You can analyze ROST's earnings and revenue performance here.
What are ROST insiders up to?
Over the past 12 months, executives and large shareholders at ROST have sold more shares than they have bought.
Karen Fleming, PRESIDENT CMO DDS DISCOUNTS of ROST, was the latest ROST insider to buy. They bought $5,162.71 worth of ROST stock on Apr 1, 2024.
Research more about who owns ROST shares here.
Does ROST provide a stable income stream?
Ross Stores pays a dividend of 1.04%, compared to the Apparel Retail industry's average dividend yield of 4.74%. If you owned $1,000 of ROST stock, you would have been paid $10.39 in the past 12 months.
Ross Stores dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Ross Stores dividend yield and history here.
ROST Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your ROST trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your ROST investment
Now that you own some shares in ROST, you'll want to keep up with your new stock purchase.
Start a watchlist to monitor your ROST stock.
ROST Feed
How to Buy Stock in Ross Stores
To reiterate, here are the 6 steps to buy Ross Stores stock:
- Choose where to buy Ross Stores stock
- Sign up for a brokerage account
- Fund your investment account
- Research Ross Stores stock
- Place your ROST trade
- Get the latest scoop on your ROST investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Ross Stores, click below.
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