Industries
Retail
All research in Retail — 19 reports.
46/100
Lululemon Athletica Deep Value Investment Research
Lululemon is a premium athletic apparel brand with high gross margins, high ROIC, direct omnichannel control, and a net-cash balance sheet. The business quality is sound, but North American growth is cracking, brand heat is under pressure, and management is entering a transition period, while the current price of about USD 131 leaves an insufficient margin of safety. Research rating Watch: a high-quality compounder worth following, but the ideal entry range is USD 105 to 120.
42/100
Tractor Supply Deep Value Investment Research
The largest rural lifestyle retail chain in the United States, Tractor Supply is driven by frequent, essential demand across feed, pets, hardware, and related categories. Its operating moat is solid and its returns on capital are excellent, but the current share price of about 31.53 dollars is closer to fair value than an obvious bargain. Research rating Watch: a high-quality business worth tracking, with an ideal buy range of 25-29 dollars.
47/100
Deckers In-Depth Value Investment Research
Deckers is a global footwear and apparel brand owner built around HOKA and UGG, with an asset-light outsourced model and disciplined channel management that generate high-return cash flow. The core thesis is that its business quality is above the industry, its balance sheet has net cash and no debt, and the current price of about $113.85 at 15.8x earnings is no longer expensive, although the margin of safety is not thick. Research rating Cautious Buy: a high-quality compounder with an ideal buy range of $95-115.
41/100
Ulta Beauty: A Long-Term Value Investing Study
America's largest integrated beauty retailer, running a high-quality, cash-generative business with a real but not impenetrable moat. But at roughly $520 the stock sits near the upper bound of its optimistic valuation range, leaving an insufficient margin of safety. Rated Watch: a good company worth tracking for the long term rather than a cheap one to buy today.
44/100
Ralph Lauren: An Investment Study from the Perspective of a Long-Term Business Owner
A premium lifestyle brand whose operations have clearly improved but whose valuation has run ahead of itself; at $370.77 the stock trades at more than 25x earnings, with an ideal buy range of $190–240, rated Watch.
43/100
Williams-Sonoma: In-Depth Value Research Report
A high-quality home retailer with exceptionally strong cash flow and capital returns. But at $205.6 a high-quality premium is already priced in and the margin of safety is thin, pulling the ideal buy back to $150–175. Rating Watch: an excellent business at a fair price rather than an obviously cheap one.
44/100
Tapestry: A Deep-Dive Investment Study
A Coach-driven brand group whose cash flow has improved markedly and whose capital allocation is turning rational, but at $139 the stock already sits at the upper-middle of fair value with no obvious margin of safety; rated Watch, with an ideal buy range of $95-115.
39/100
Kroger Deep Value Investment Research
Leading U.S. food retailer with normalized Owner Earnings of about $2.9 billion ($4.70/share); at the current price of $66.44 the stock trades at roughly 14x P/OE. Rating Watch: the moat is moderate, governance needs rebuilding after the failed Albertsons merger, and the margin of safety is not thick.
43/100
NIKE In-Depth Value Investing Analysis
A great brand in a turnaround phase: FY2025 revenue fell 10% and EBIT fell 42%, and at roughly $44.65 today the stock sits between the upper end of the base-case fair value and the lower end of the optimistic case. The ideal buy range is $26-32. Rating Watch, because at the current price NIKE looks more like a high-quality watchlist candidate than a cheap stock already carrying an adequate margin of safety.
45/100
The Home Depot: A Value Investing Deep Dive
North America's largest home improvement retailer, operating 2,359 stores plus the SRS professional distribution network; the business is understandable, with durable demand and excellent cash-flow quality. At the current price of $313.07 the stock sits at the upper edge of its fair-value range (21.4x PE), and the margin of safety is not obvious. Rating Watch: an excellent, high-quality cash-flow company, but priced merely fairly to slightly rich rather than as a clearly undervalued value stock.
41/100
Lowe's: A Long-Term Owner's Perspective
The number-two U.S. home-improvement retailer, with FY2025 revenue of $86.29 billion, free cash flow of $7.65 billion, and ROIC of 26.1%. At the current price of $215.03, about 15.7x FCF, the stock sits within its fair-value band, but negative equity plus M&A that is reshaping the business boundary leaves the margin of safety unclear. Rating Watch: a good, understandable, cash-generative franchise, not a clearly undervalued bargain.
43/100
TJX: A Long-Term Owner's Perspective
The world's largest off-price discount retailer, with scale-driven sourcing and a negative cash conversion cycle. But at $158 its FCF yield is only 2.8%, and the margin of safety is clearly insufficient. Rating Watch: a good company whose current price already prices in its excellence.
42/100
Casey's General Stores In-Depth Value Investing Analysis
The champion of rural, small-town convenience stores. Store density, in-house distribution, and food capability are real structural advantages, yet at $825.02 the stock already trades at 39x Owner Earnings / 46x FCF, a premium that has pre-paid years of excellent execution. Rating Watch: ideal buy-in $350-450.
44/100
AutoZone: Deep Research on Auto Aftermarket Retail
AutoZone is North America's auto aftermarket retail/distribution leader, with a triple moat of store density, inventory availability, and commercial delivery, backed by high ROIC, negative working capital, and continuous buybacks. At the current $3,406.50 and a 23.9x PE, the stock sits within its fair-value range—a quality premium rather than a margin of safety. Rating: Watch, respect the business but wait for a better price.
46/100
Walmart Research from a Long-Term Owner's Perspective
Walmart is a high-quality global retailer with FY26 revenue of $713.2 billion, operating profit of $29.8 billion, and Q1 FY27 growth of +37% in advertising and +26% in e-commerce. The core thesis is that the business is strong, but a 42x P/E and 65x P/FCF already price in years of improvement, while the model's revised intrinsic value ceiling is $100 and the current price of $120.27 sits above the bull-case range. Research rating Watch: a durable compounder whose future returns are being pulled forward by valuation.
43/100
Ross Stores: A Long-Term Owner's Perspective
The leading U.S. brick-and-mortar off-price retailer, with 2,267 stores, $3.08 billion in net cash, and a 10-year average ROE of 39%; at a 36.7x P/E and 22.6x EV/EBITDA, the price already prices in a high-quality, steady-growth premium, with an ideal buy range of $130-160.
34/100
Best Buy: An Investment Analysis Through the Lens of a Long-Term Business Owner
A mature consumer-electronics retailer with FY26 free cash flow of about 1.258 billion dollars and a forward P/E near 9.6x, so the stock is not expensive. But Amazon has already overtaken it on share and the moat is narrow, with an ideal buy zone of 50-58 dollars and an insufficient margin of safety. Rating Watch: a cheap, mature cash cow rather than a high-quality compounder, not yet cheap enough to justify a position at today's price.
48/100
O'Reilly Automotive: A Long-Term Business Owner's Research Report
O'Reilly Automotive is a high-quality auto aftermarket leader with a durable moat and strong cash generation. The core issue is valuation: at $92.34, the stock is already close to an optimistic case, with fair intrinsic value around $75 to $95 and an ideal entry range of $65 to $75. Rating Watch: a durable compounder, but the margin of safety is not yet compelling.
45/100
Costco: A Deep-Dive Value Investing Analysis
A top-tier membership warehouse retailer with outstanding renewal rates and cash flow; but at roughly $1,074 the stock trades at about 56x earnings and 52x owner earnings, far above its optimistic range and with too thin a margin of safety. Rating Watch: an excellent company at a poor price, with an ideal buy range of $500-650.