StartupsSeeking Alphaabout 3 hours ago
Ross Stores: Valuation Has Caught Up (Rating Downgrade)
1 min read
Ross Stores (ROST) was downgraded to hold as valuation at ~30x forward PE prices in recent improvements. Q1 saw 17% SSS growth partly driven by tax refunds, with forward guidance of 6, 7% signaling normalization. Margin expansion is expected to moderate, leaving little safety margin.
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