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 $153.84, down 1.24% from the previous day, and has increased 13.71% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.01 percentage points. Ross Stores stock is currently +20.64% from its 52-week low of $127.53, and -5.97% from its 52-week high of $163.60.
There are currently 329.93M shares of ROST outstanding. The market cap of ROST is $50.76B. In the last 24 hours, 1.5M 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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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 24.08x, relative to Apparel Retail industry P/E ratio of 26.23x
- ROST may be overvalued based on its P/B ratio of 9.64x, relative to Apparel Retail industry P/B ratio of 8.41x
- ROST may be overvalued based on its PEG ratio of 6.36x
You can access additional valuation analysis on ROST's stock here.
ROST Financial Overview
Passed Health Checks:
- Total ROST debt is lower than 5 years ago, relative to shareholder equity.
- 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's operating cash flow of $2.42B allows it to safely service it's debt of $5.73B.
- ROST profit margin has gone up from 8.7% to 10% in the past year.
- ROST earnings of $2.60B is not sufficient to cover its interest payments.
Failed Health Checks:
- ROST has a relatively high debt to equity ratio of 1.83.
Do analysts think it's a good time to buy Ross Stores stock
Out of 13 Wall Street analysts who give recommendations on ROST, the consensus analyst rating on Ross Stores is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Latest ROST Analyst Upgrades/Downgrades
Ike Boruchow, a top 10% analyst from Wells Fargo maintains ROST with a strong buy rating and lowers their ROST price target from $175.00 to $165.00, on Nov 14, 2024.
Paul Lejuez, a top 5% analyst from Citigroup downgrades ROST to a hold rating and lowers their ROST price target from $179.00 to $152.00, on Nov 12, 2024.
Alex Straton, a top 26% analyst from Morgan Stanley maintains ROST with a strong buy rating and raises their ROST price target from $163.00 to $178.00, on Aug 23, 2024.
Morgan Stanley's Alex Straton raised their price target on Ross Stores (NASDAQ: ROST) by 9.2% from $163 to $178 on 2024/08/23. The analyst maintained their Strong Buy rating on the stock.
Ross Stores reported its Q2 2024 earnings on 2024/08/22.
Straton said the quarter delivered a "better-than-feared" beat and raise.
The analyst told readers that Morgan Stanley's view that "Ross Stores continues to offer an ongoing margin recapture opportunity" was unaffected by the results.
Overall, their firm believes the name is "well positioned heading into a tough 2H Retail sector set-up."
Earnings Report
For Q2 2024, Ross Stores reported:
- EPS of $1.59, which beat the Zacks Consensus Estimate of $1.49 and, by 20.5%, Q2 2023's $1.32.
- Revenue of $5.29B, which beat the Zacks Consensus Estimate by 0.73% and Q2 2023's $4.93M by 7.3%.
For 2H 2024, management guided:
- Q3 EPS of $1.35 to $1.41, up from Q3 2023's $1.33.
- Q4 EPS of $1.60 to $1.67, down from Q4 2023's $1.82.
- For Q3 and Q4, comparable sales growth of 2% to 3%, respectively.
CEO Barbara Rentler commented: “Q2 sales and earnings were above our expectations as our stronger value offerings resonated with our customers.
"Operating margin increased 115 bps to 12.5% compared to the prior year period.
"Our improved profitability relative to last year benefited from higher sales, and lower distribution and incentive costs that were partially offset, as expected, by lower merchandise margins.”
Jay Sole, a top 4% analyst from UBS maintains ROST with a hold rating and raises their ROST price target from $147.00 to $167.00, on Aug 23, 2024.
Adrienne Yih, a top 4% analyst from Barclays maintains ROST with a strong buy rating and raises their ROST price target from $165.00 to $175.00, on Aug 23, 2024.
You can dig deeper into what analysts are saying on the Ross Stores stock forecast page.
ROST Trading Indicators
ROST Revenue
Last year, ROST earnings were $2.11B. In the last five year, ROST's earnings have grown by 6.98% per year. This was slower than the Apparel Retail industry average of 11.27%.
Last year, ROST revenue was $21.24B. In the last five year, ROST's revenue has increased by 6.19% per year. This was slower than the Apparel Retail industry average of 8.03%.
You can analyze ROST's earnings and revenue performance here.
Who is buying/selling ROST?
In the past year, insiders at ROST have sold more shares than they have bought.
Michael J. Hartshorn, GROUP PRESIDENT COO of ROST, was the latest ROST insider to sell. They sold $1,302,100.97 worth of ROST shares on Sep 16, 2024.
Get more info about who owns ROST stock here.
Can I get consistent income from ROST stock?
Ross Stores pays a dividend of 0.96%, compared to the Apparel Retail industry's average dividend yield of 4.58%. If you owned $1,000 worth of ROST stock, you would have been paid $9.56 last year.
Ross Stores dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Ross Stores dividend yield and history here.
Get analysis from other traders
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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 price on the market.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your ROST investment
Now that you own some ROST stock, you'll want to stay up-to-date on your new investment.
Make a watchlist to track your ROST stock.
ROST Feed
How to Buy Stock in Ross Stores
To summarize, 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 are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Ross Stores, click the button below.
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