Ross Stores: Shop Elsewhere For A Bargain
Summary
Ross Stores is a solid, growing business with strong fundamentals, but shares remain fairly valued relative to peers and...
Ross Stores is a solid, growing business with strong fundamentals, but shares remain fairly valued relative to peers and historical metrics. Despite impressive revenue and profit growth, the current valuation doesn't offer enough upside to justify a "Buy" rating at this time. Management continues to return capital to shareholders through buybacks and dividends, supported by a robust net cash position.