Ross Stores Inc

ROST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ross Earnings: Profitability Shines Despite Deceleration in Comparable-Store Sales Growth

Noah Rohr , Ari Felhandler

Nov 22, 2024

We plan to slightly raise our $123 fair value estimate for wide-moat Ross Stores due to the time value of money after reviewing the company's third-quarter results, which featured underperforming sales growth but better-than-expected profitability. Although we maintain a positive view of the retailer’s competitive edge in the off-price segment, we see the shares as overvalued, especially given their high-single-digit price increase after the report.

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Ross Stores Inc

Ross Earnings: Profitability Shines Despite Deceleration in Comparable-Store Sales Growth

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