Ross Stores has been assigned Zacks' highest Rank of #1 after full-year earnings estimates rose 5.7% over the past three months. The stock has returned 20.09% year to date and 68.83% over the past year, despite an 8.61% decline in the last 30 days. At a recent price of US$219.46, Ross Stores trades at a roughly 17% discount to the average analyst target. One valuation narrative pegs fair value at US$256.18, implying the stock is about 14.3% undervalued, though its current P/E ratio of 30.4x exceeds the 24.6x peer average and the 19.9x fair ratio, suggesting a premium that could limit upside.
Ross Stores IncFull-year earnings estimates rose 5.7% and Zacks Rank #1 assigned, indicating positive analyst sentiment.