ROST

Ross Stores, Inc.

Consumer


Presented:03/02/2023
Price:$111.01
Cap:$38.23B
Current Price:$146.25
Cap:$48.52B

Presented

Date03/02/2023
Price$111.01
Market Cap$38.23B
Ent Value$42.01B
P/E Ratio25.31x
Book ValueN/A
Div Yield1.12%
Shares O/S344.37M
Ave Daily Vol2,254,879
Short Int1.59%

Current

Price$146.25
Market Cap$48.52B
Ross Stores, Inc. engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd's DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.

Publicly traded companies mentioned herein: Adidas AG (ADS GR), Burlington Stores Inc (BURL), Lululemon Athletica Inc (LULU), Macy’s Inc (M), Nike Inc (NKE), Ross Stores Inc (ROST), TJX Cos Inc/The (TJX)

Highlights

The presenter is long shares of Ross Stores Inc (ROST), a discount retailer with limited fashion risk given that it competes in the off-price segment. He considers ROST high quality for a retailer based on the limited fashion risk, acyclical nature (i.e., consumers shop there even/especially when they are cash strapped), and net cash position of $6 per share. At the current $111 share price, he sees upside to $160 based on an improved closeout market and a margin recapture opportunity. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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