Is it Time to Dump Ross Stores, Inc. (ROST) Stock After it Has Gained 1.08% in a Week?

Overall market sentiment has been high on Ross Stores, Inc. (ROST) stock lately. ROST receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ross Stores, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ROST!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ROST Stock Today?

Ross Stores, Inc. (ROST) stock has gained 0.33% while the S&P 500 is lower by -0.85% as of 1:30 PM on Friday, Sep 17. ROST has gained $0.38 from the previous closing price of $113.65 on volume of 1,442,520 shares. Over the past year the S&P 500 has risen 31.03% while ROST has gained 18.76%. ROST earned $3.76 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 30.33.

More About Ross Stores, Inc.

Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,850 stores (at the end of fiscal 2020) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2020, 28% of sales came from home accents (including bed and bath), 23% from the ladies' department, 14% from each of men's and accessories, 12% from shoes, and 9% from children's. All sales were made in the United States. Click Here to get the full Stock Report for Ross Stores, Inc. stock.