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ROST - Ross Stores: The Upside Could Be Priced In
April, 05 2021 04:09 PM
Ross Stores Inc.
ROST's quarterly revenue fell 4% Y/Y. Government stimulus checks may have kept revenue from falling further. Margins faltered as COVID-related costs rose. I expect revenue and margins to stabilize as the economy reopens. ROST has $4.8 billion in cash and positive cash flow. Robust liquidity should sustain the company. ROST and broader financial markets are up by double digits Y/Y. Some of the upside could be priced in. I rate ROST a hold. For further details see:
Ross Stores: The Upside Could Be Priced In
Stock Information
Company Name:
Ross Stores Inc.
Stock Symbol:
ROST
Market:
NASDAQ
Website:
rossstores.com
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