2023-09-01 06:10:00 ET
Seeking out businesses with solid growth potential is a popular investing strategy, and this approach can be especially valuable when the business model has been tested and proven over a period of decades.
Since its formation in 1982, Ross Stores (NASDAQ: ROST) has grown into a giant of the off-price retail industry. That's why a $5,000 investment in the company made 10 years ago would now be valued at $19,840 with dividends reinvested. That performance handily beat the S&P 500 over the same period.
But after such a strong run, is the retailer still a buy for dividend investors also looking for strong capital appreciation? Let's assess Ross Stores' fundamentals and valuation to find out.
For further details see:
Should Dividend Investors Buy Ross Stores Stock?