ROST - This Dividend-Paying Growth Stock Hit a Rough Patch. Is It Still a Buy?
Consumers have diverse preferences for just about everything you can imagine: electronics, apparel, and food, to name just a few items. But if there's one thing every consumer can appreciate, it's a bargain.
And with a market capitalization of $30 billion, few apparel retailers reach consumers with bargain-bin prices quite like Ross Stores (NASDAQ: ROST) . But after a challenging second quarter, is the retailer still a buy? Let's go over Ross Stores' fundamentals and valuation to see if it is currently on the sale rack for dividend growth investors.
Operating 1,669 Ross Dress for Less stores in 40 U.S. states, Washington D.C., and Guam as of the second quarter, Ross Stores is the largest off-price apparel and home fashion chain in the U.S. The company also operated 311 dd's DISCOUNTS in 21 U.S. states with in-season and name brand apparel.
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This Dividend-Paying Growth Stock Hit a Rough Patch. Is It Still a Buy?