Ross Stores posts record Q1 with 17% sales and 37% EPS growth but shares seen pricey at $195.

Ross Stores reported record first-quarter results for fiscal year 2027, with comparable sales up 17% and earnings per share rising 37%, driven by broad customer acquisition and operational improvements. The company's enhanced marketing, vendor relationships, and new customer segments have created lasting advantages beyond typical economic cycles. Despite this strong performance, the stock trades at a premium valuation of 25x–26x forward earnings, leading the analyst to maintain a Hold rating. Full-year guidance expects 6%–7% sales growth, slowing to 2%–3% in the second half, with a more attractive buying opportunity seen below $160 per share.