Ross Stores Inc.’s recently made public that its CHIEF EXECUTIVE OFFICER RENTLER BARBARA unloaded Company’s shares for reported $1.21 million on Aug 29. In the deal valued at $120.11 per share,10,091 shares were sold. As a result of this transaction, RENTLER BARBARA now holds 272,080 shares worth roughly $ 33.11 million.
Then, RENTLER BARBARA sold 23,254 shares, generating $2,790,971 in total proceeds. Upon selling the shares at $120.02, the CHIEF EXECUTIVE OFFICER now owns 282,171 shares.
Before that, RENTLER BARBARA sold 20,000 shares. Ross Stores Inc. shares valued at $2,381,352 were divested by the CHIEF EXECUTIVE OFFICER at a price of $119.07 per share. As a result of the transaction, RENTLER BARBARA now holds 305,425 shares, worth roughly $37.17 million.
TD Cowen upgraded its Ross Stores Inc. [ROST] rating to an Outperform from a a Market perform in a research note published on Friday, August 03, 2023; the price target was increased to $129 from $113. PT values the company’s stock at a premium of 5.66 to its Friday closing price.
Price Performance Review of ROST
On Friday, Ross Stores Inc. [NASDAQ:ROST] saw its stock fall -0.09% to $121.70. On the same session, the stock had its day’s lowest price of $120.78, but rose to a high of $122.31. Over the last five days, the stock has gained 2.27%. Ross Stores Inc. shares have risen nearly 4.85% since the year began. Nevertheless, the stocks have risen 41.07% over the past one year. While a 52-week high of $122.70 was reached on 08/23/23, a 52-week low of $81.21 was recorded on 05/19/23. SMA at 50 days reached $113.69, while 200 days put it at $110.77. A total of 2.0 million shares were traded, compared to the trading of 2.4 million shares in the previous session.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 120.88, which if violated will result in even more drops to 120.07. On the upside, there is a resistance level at 122.41. A further resistance level may holdings at 123.13. The Relative Strength Index (RSI) on the 14-day chart is 66.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.14%. Stochastics %K at 90.11% indicates the stock is a selling.
How much short interest is there in Ross Stores Inc.?
A steep rise in short interest was recorded in Ross Stores Inc. stocks on Aug 14, 2023, dropping by -0.16 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.3 million shares. There was a decline of -5.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.64.
Ross Stores Inc. [ROST] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 26,714,359 shares, or roughly 7.84% of the outstanding ROST shares. In other words, the investor’s shares have risen by 62,139 from its previous 13-F filing of 26652220.0. Additionally, T. Rowe Price Associates, Inc. decreased -36.07% of its stake after which the total value it holdings stand at $2,978,890,250, while BlackRock Fund Advisors added 3.68% of its stake to hold $1.94 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -14,870 shares of Ross Stores Inc., while PRIMECAP Management Co. sold -282,960 shares. At present, Fidelity Management & Research Co is holding 9,643,810 shares valued at $1.11 billion. Geode Capital Management LLC owned 7,558,634 shares of the company at the time of its most recent 13F filing, worth $866.52 million.
According to FactSet, Ross Stores Inc.’s share price will average $129.99 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.6 percent from its previous closing price of $121.81. Analysts expect Ross Stores Inc. stock to reach the higher price of $142.00, while the lowest price estimate is $84.00. However, 23 analysts have rated ROST stock as an Overweight in their predictions for 2023.