Ross Stores Inc
ROST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$765.00 | Nns | Dgstwjm |
Ross Earnings: Strong Top-Line Growth Continues as Value-Conscious Consumers Seek Discounts
Wide-moat Ross Stores delivered a strong fiscal 2024 second quarter as the firm’s vast assortment of off-price apparel and merchandise continued to attract value-conscious shoppers. We plan to raise our $117 per share fair value estimate by a low- to-mid-single-digit percentage as we retain our full-year comparable sales estimate of 3.5% but make a slight upward adjustment to our operating margin forecast, currently 11.4%.