Ross Stores (ROST)
Key Statistics
EV/EBIT = 21x
ROE = 39.2%
Debt/Equity = 126%
FCF Yield = 4.4%
Dividend Yield = .93%
Market Capitalization = $48.55 billion
The Company
Ross Stores (ROST) sells various products across different categories, including apparel, accessories, footwear, and home fashions. Among these, apparel tends to be one of the most popular and highest-selling product categories for Ross Stores. They are known for their exceptionally discounted prices.
Morris Ross laid the foundation in 1950, gradually expanding across California. Rapid growth ensued in the 1980s, starting retail acquisitions in the San Francisco area and culminating in a public offering in 1985. From 1986 to 2000, the store count surged from 121 to 409. Presently, Ross boasts over 2,100 stores nationwide.
Ross Stores operates under two distinct brands: Ross Dress for Less (1,765 stores) and DD’s Discounts (347 stores), both offering a wide range of brand-name apparel, accessories, footwear, and home goods at discounts ranging from 20% to 70%.