Ross Stores Intrinsic Value Calculator – ROSS STORES Reports Q3 Earnings Results for FY2024

🌥️Earnings Overview

On November 16 2023, ROSS STORES ($NASDAQ:ROST) released its FY2024 Q3 earnings results for the period ending October 31 2023. Total revenue was recorded at USD 4924.9 million, representing an increase of 7.9% compared to the same period a year prior. Net income was reported at USD 447.3 million, showing a year-over-year growth of 30.8%.

Price History

The stock opened at $123.3 but closed the day at $120.2, representing a 3.1% drop from the previous closing price of $124.0. This was mainly due to higher costs associated with inventory management and store operations. Overall, ROSS STORES had a strong quarter and is well-positioned to continue to build on its success in the years to come. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ross Stores. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ross Stores. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ross Stores. More…

Key Ratios Snapshot

Some of the financial key ratios for Ross Stores are shown below. More…

Analysis – Ross Stores Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of ROSS STORES‘ wellbeing. Our proprietary Valuation Line has determined that the intrinsic value of ROSS STORES share is around $120.1. This means that the current price of $120.2 is a fair price, which indicates that the stock is being traded at an appropriate level. We believe this to be a positive sign for investors, as it means that the stock is trading close to its true value. More…

Peers

Though it may not seem like it at first, the retail industry is actually fiercely competitive. This is especially true for those in the discount retail sector, where companies like Ross Stores Inc. must compete with the likes of Burlington Stores Inc, Kohl’s Corp, and Chiyoda Co Ltd. In order to stay ahead, Ross Stores Inc. has to offer low prices and a good selection of merchandise.

– Burlington Stores Inc ($NYSE:BURL)

Burlington Stores Inc is an American off-price department store retailer, headquartered in Burlington, New Jersey. It was founded in 1972 and has grown to operate over 700 stores in 45 states and Puerto Rico. The company offers a wide variety of merchandise, including clothing, shoes, accessories, home décor, and more. Burlington Stores Inc has a market cap of 9.89B as of 2022. The company’s return on equity is 28.14%. Burlington Stores Inc is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol “BURL.”

– Kohl’s Corp ($NYSE:KSS)

Kohl’s Corp is a publicly traded company with a market cap of 3.66B as of 2022. The company has a return on equity of 16.46%. Kohl’s Corp is a retail company that operates department stores in the United States. The company was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

– Chiyoda Co Ltd ($TSE:8185)

Chiyoda Co Ltd is a Japanese engineering company. The company has a market cap of 26.54B as of 2022 and a Return on Equity of -2.63%. The company provides engineering, procurement, and construction services for the oil, gas, chemicals, power, and other industries.

Summary

Investors in ROSS STORES have seen positive results for the company’s third quarter of fiscal year 2024. With total revenue rising 7.9% year-over-year, to a total of USD 4924.9 million, and net income increasing by a staggering 30.8%, to USD 447.3 million, it is likely that investor confidence is high. However, stock prices fell on the day of the announcement, which may be due to market conditions or other factors. Overall, ROSS STORES’ strong Q3 results indicate a healthy future for the company and investors should consider this information when making investment decisions.