Telsey Advisory Group reiterates Ross Stores, Inc. (ROST) stock to a Market perform

In a filing, Ross Stores, Inc. revealed its PRES., CHIEF CAPABILITY OFC’R KOBAYASHI MICHAEL K unloaded Company’s shares for reported $2.32 million on Oct 06 ’23. In the deal valued at $111.73 per share,20,749 shares were sold. As a result of this transaction, KOBAYASHI MICHAEL K now holds 71,413 shares worth roughly $10.46 million.

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Then, RENTLER BARBARA sold 10,091 shares, generating $1,212,051 in total proceeds. Upon selling the shares at $120.11, the CHIEF EXECUTIVE OFFICER now owns 272,080 shares.

Before that, RENTLER BARBARA sold 23,254 shares. Ross Stores, Inc. shares valued at $2,790,971 were divested by the CHIEF EXECUTIVE OFFICER at a price of $120.02 per share. As a result of the transaction, RENTLER BARBARA now holds 282,171 shares, worth roughly $41.34 million.

Telsey Advisory Group reiterated its Ross Stores, Inc. [ROST] rating to a Market perform in a research note published on March 06, 2024; the price target was $160. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late February from “a Sell” to “a Neutral”. Cleveland Research also remained covering ROST and has increased its forecast on February 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on November 07, 2023. It rated ROST as “an Outperform”.

Price Performance Review of ROST

On Tuesday, Ross Stores, Inc. [NASDAQ:ROST] saw its stock jump 0.43% to $146.49. Over the last five days, the stock has lost -1.80%. Ross Stores, Inc. shares have risen nearly 5.85% since the year began. Nevertheless, the stocks have risen 40.63% over the past one year. While a 52-week high of $151.12 was reached on 02/29/24, a 52-week low of $99.00 was recorded on 01/09/24. SMA at 50 days reached $142.52, while 200 days put it at $123.52. A total of 1.87 million shares were traded, compared to the trading of 1.64 million shares in the previous session.

Levels Of Support And Resistance For ROST Stock

The 24-hour chart illustrates a support level at 145.41, which if violated will result in even more drops to 144.32. On the upside, there is a resistance level at 147.18. A further resistance level may holdings at 147.86. The Relative Strength Index (RSI) on the 14-day chart is 53.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.36%. Stochastics %K at 34.79% indicates the stock is a holding.

How much short interest is there in Ross Stores, Inc.?

A steep rise in short interest was recorded in Ross Stores, Inc. stocks on Feb 29, 2024, growing by 0.42 million shares to a total of 3.91 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.49 million shares. There was a rise of 10.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.17.

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