Ross Stores (ROST) Stock May Look Stretched After 115 New Store Openings

Ross Stores has delivered a long stretch of strong shareholder returns, which puts a spotlight on whether the current share price lines up with what its earnings can support. With the stock now reflecting years of optimism around the off-price retail model, the key issue for you is how much of the underlying profit story may already be in the price. Over the past 5 years, Ross Stores has returned 117.8%, which raises the question of how much future earnings strength the current valuation is...