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Ross Stores Inc ROST Stock Quote

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Morningstar‘s Stock Analysis ROST

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Strong Third Quarter at Ross Shows Its Value Proposition Is Compelling; Shares Trade Fairly

Zain Akbari, CFA Equity Analyst

Analyst Note

| Zain Akbari, CFA |

Our $97 per share valuation of narrow-moat Ross should rise by a high-single-digit percentage, not far from the trading price’s reaction after the firm reported third-quarter earnings. The period was strong (with comparable sales down 3%, much better than our 8% estimated decline) and our near-term forecasts should rise, but our 10-year average targets still assume mid-single-digit top-line growth rates against low-double-digit operating margins, as we already had a favorable view of the chain’s long-term prospects. We suggest investors await a more attractive entry point.

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Key Statistics ROST

Company Profile ROST

Business Description

Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,920 stores (at the end of fiscal 2021) 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 2021, 26% of sales came from home accents (including bed and bath), 25% 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.

5130 Hacienda Drive
Dublin, CA, 94568-7579
T +1 925 965-4400
Industry Apparel Retail
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 28, 2023
Employees 100,000

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