Ross Stores (ROST) Trading at 29 Times Earnings Estimates

AI Summary

Ross Stores, Inc. (NASDAQ: ROST) is currently trading at 29 times this year’s earnings estimates, an increase from 23 times since Jim Conroy took over. Conroy expressed confidence in the company's ability to improve sales and expand from nearly 2,300 stores to a potential 3,600. While he does not expect the same-store sales growth to continue at 17%, he anticipates solid results that may allow for further investment in marketing and store improvements. Compared to TJX's 31 times earnings, this valuation could seem reasonable given ROST's performance potential.