Amid improved retail conditions, Ross continues to deliver growth through its value-oriented model.
With the firm on track to meet our targets, we do not plan a large change to our $74 per share valuation for narrow-moat Ross Stores after it posted second-quarter earnings. While we have a positive view of the off-price channel and Ross' ability to use its inventory management and procurement strengths to generate returns, we contend that current share prices more than adequately account for the retailer's advantages and suggest investors await a more attractive entry point.Ross posted 9% seco...
Ross Stores and its subsidiaries operate two brands of off-price retail apparel and home fashion stores, which are Ross Dress for Less? (Ross) and dd's DISCOUNTS?. Ross provides name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. dd's DISCOUNTS provides name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Both of the company's Ross and dd's DISCOUNTS brands target women and men between the ages of 18 and 54.
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