Ross Stores: Time To Take Some Profits

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About: Ross Stores, Inc. (ROST)
by: Taylor Dart
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Taylor Dart
Long/short equity, momentum, gold & precious metals
Summary

Ross Stores was up nearly 40% in 2019, outperforming the S&P 500, and has added to its gains in 2020.

While the company’s earnings growth trend remains robust, the stock is beginning to get quite expensive above $120.00 per share.

I believe traders would be wise to book some profits here as reward to risk ratios have been poor from this valuation in the past.

Although the retail sector (XRT) put up a relatively paltry return for 2019, Ross Stores (NASDAQ:ROST) managed to triple the performance of the index and also outperformed the S&P 500 (