ロス ストアーズに関するコメント

Despite Ross Stores' reinvestment, the declining ROCE trend is worrisome. The market's optimism, reflected in the stock's five-year gain, may not promise a bright future unless these trends improve.

Despite inflation, apparel and footwear retail stocks are holding their ground, with share prices up 7.5% on average. Ross Stores, Gap, and Torrid exceeded revenue estimates, while Designer Brands and Shoe Carnival fell short.

The stock is undervalued, suggesting a chance to buy low. Future growth isn't fully reflected in the share price. Other factors like capital structure may explain the undervaluation. The prosperous future outlook isn't fully reflected in the current share price, indicating it's not too late to buy ROST.

Investors' positive outlook on Ross Stores may inflate the P/E ratio, posing a risk if it falls back in line with growth predictions. Given the high share price and projected earnings, this optimism may not be sustainable, potentially endangering shareholders and potential investors.

Goldman Sachs forecasts a positive outlook for retailers providing valuable products through consumer-preferred channels. Top picks include Walmart, Best Buy, Costco, Ross Stores, Burlington Stores, Kontoor Brands, and Amazon.

The declining trend of ROCE and the lack of growth in sales despite reinvestment are concerning for Ross Store's future performance. Given these trends, investors looking for high return stocks may have better options elsewhere.

In the current downward trend of the economic cycle, investors should exceed the retail industry. The current retail industry is still facing upward pressure due to several large retail companies, such as HOME Depot and Ross Store, exceeding their estimated performance after the second quarter financial report. Additionally, companies such as Gap, Kohl's, and Macy's have also increased their inventory turnover rate through strict inventory management. More importantly, he believes that in the co...

ROST reported 2Q EPS of $1.32 (14% above Consensus at $1.16) with upside driven by +5% same-store-sales (> Street 1%) and GPMs +185bps y/y to 27.7% (> Street 26.4%) partially offset by SG&A deleverage of 180bps (vs. Street 150bps deleverage).
Looking ahead, mgmt raised its FY23 EPS guidance to $5.15 to $5.26 (> $4.77 to $4.99 prior & Street at $4.97) driven by flow-through of more favorable top-line (i.e. +2-3% raised F...