Tuesday, January 17, 2017

Ross Stores: Great Holiday But Hold Rating On Price

Ross blew away the limping competition last quarter with a 7% comp.

We think they have the ability to keep the trends close to that pace in Q4 despite department store weakness.

Based on our earnings and P/E multiple assumptions though we'd need a pullback to buy.

Ross Stores (NASDAQ:ROST) has been crushing their peers all year and we'd expect nothing different in Q4. Our estimates are above the Street for earnings but we'd still need a pullback to hit our required return threshold.

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Source: Interactive Brokers



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