Today Ross Stores (ROST) Hits New Lifetime High

Trade-Ideas LLC identified Ross Stores (ROST) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Ross Stores

(

ROST

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ross Stores as such a stock due to the following factors:

  • ROST has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $134.7 million.
  • ROST has traded 35,655 shares today.
  • ROST is trading at a new lifetime high.

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More details on ROST:

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 in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The stock currently has a dividend yield of 0.9%. ROST has a PE ratio of 23. Currently there are 11 analysts that rate Ross Stores a buy, 2 analysts rate it a sell, and 7 rate it a hold.

The average volume for Ross Stores has been 2.9 million shares per day over the past 30 days. Ross Stores has a market cap of $23.7 billion and is part of the services sector and retail industry. The stock has a beta of 1.03 and a short float of 2.1% with 4.34 days to cover. Shares are up 11.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ross Stores as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 6.6%. Since the same quarter one year prior, revenues slightly increased by 5.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • ROSS STORES INC has improved earnings per share by 6.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ROSS STORES INC increased its bottom line by earning $2.51 versus $2.21 in the prior year. This year, the market expects an improvement in earnings ($2.72 versus $2.51).
  • Net operating cash flow has increased to $469.08 million or 13.30% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -1.78%.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Specialty Retail industry average. The net income increased by 3.0% when compared to the same quarter one year prior, going from $282.21 million to $290.63 million.

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