Ross Stores: 4-Star Stocks Poised to Bounce Back
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, off-price apparel and home fashion retailer Ross Stores (NAS: ROST) has earned a respected four-star ranking.
With that in mind, let's take a closer look at Ross Stores and see what CAPS investors are saying about the stock right now.
Ross Stores facts
Pleasanton, Calif. (1957)
CEO Michael Balmuth
Return on Equity (Average, Past 3 Years)
$625.4 million / $150.0 million
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 92% of the 402 members who have rated Ross Stores believe the stock will outperform the S&P 500 going forward.
I bought [Ross Stores] back in the summer when it traded at 15x estimates with a share price of $60. ... We are near 15x again, only this time I believe the situation is a better value [because] the stock has been hammered recently despite excellent same store comps. I believe the price action has been caused by profit taking in light of fiscal cliff (capital gains) worries. We are coming into the holiday season and there are more bargain hunters in the current economy, which will help [Ross Stores] greatly.
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The article Ross Stores: 4-Star Stocks Poised to Bounce Back originally appeared on Fool.com.Fool contributor Brian Pacampara and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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