Skip to Content
Morningstar

Ross Stores Inc ROST Stock Quote

Morningstar Rating
| Rating as of

Morningstar‘s Stock Analysis ROST

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Ross Should Return to Consistent, Profitable Growth When Supply, Economic Conditions Normalize

Zain Akbari, CFA Equity Analyst

Business Strategy and Outlook

| Zain Akbari, CFA |

With a fast-turning inventory of high-value branded merchandise, Ross' store experience and value proposition should continue to resonate as the pandemic ebbs. Ross weathered a number of challenges in 2021, with a difficult environment for experience-oriented physical retail, inflation, supply chain disruptions, and volatile case counts eased by economic stimulus, continued strength in home decor categories, and the start of Americans’ post-pandemic wardrobe rebuild. The current situation is unprecedented, but off-price retailers have not been derailed by past recessions; Ross’ comparable sales grew by 2% and 6% in fiscal 2008 and 2009, respectively.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics ROST

More

Company Profile ROST

Business Description

Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,920 stores (at the end of fiscal 2021) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2021, 26% of sales came from home accents (including bed and bath), 25% from the ladies' department, 14% from each of men’s and accessories, 12% from shoes, and 9% from children's. All sales were made in the United States.

Contact
5130 Hacienda Drive
Dublin, CA, 94568-7579
T +1 925 965-4400
Sector Consumer Cyclical
Industry Apparel Retail
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 28, 2023
Employees 100,000

Related News ROST

Market Update

Markets Brief: The Fed's Favorite Inflation Indicator on Deck

Stocks avoid bear market, barely, as retailers get slammed.
Jakir Hossain
Stock Strategist Industry Reports

Off-Price Retailers Fall Victim to COVID-19, but Long-Term Prognosis Good

Chains' recovery will eventually come; in the meantime, check out the full-price sale.
Zain Akbari
Commentary

The Week Ahead: Earnings From Home Depot, Target, Salesforce, and More

Consumer retail and software companies report earnings next week.
Charlotte Frank
Stock Strategist Industry Reports

How Bricks Compete With Clicks in a New Retail Era

Some retailers are better equipped to fight the Amazon threat.
Zain Akbari
Stock Strategist

Nordstrom Overcomes Department Store Woes

Strong e-commerce and Rack stores set it apart.
David Swartz
US Videos

Our Top Retail Picks for Holiday Shopping

We expect a strong holiday selling period, with Amazon and Mattel among our favorites.
R.J. Hottovy
Advisor Insights

Dressing for an Amazonian Storm

Apparel companies brace for competition.
Laura Lallos
Our Picks

20 Undervalued, Sustainable Stocks

These stocks are positioned to outperform their peers, and they also score well on environmental, social, and governance metrics.
Karen Wallace
Quarter-End Insights

Consumer Cyclical: Market Underestimating Apparel and E-Commerce

Structural trends across apparel retail, e-commerce, and travel are being mispriced by the market.
R.J. Hottovy
Stock Strategist

Gap's Moat Is Gone

We no longer think the iconic brand holds enough pricing power for a competitive advantage.
Bridget Weishaar
Stock Strategist Industry Reports

Is Traditional Apparel Retailing Dead?

No, says analyst Bridget Weishaar, but it will look much different in the future.
Bridget Weishaar
Stock Strategist

Consumer Cyclical: China Growth Concerns Present Buying Opportunities

The market is now pricing in long-term cash flow assumptions that are more conservative than those baked into our longer-term consumer cyclical valuation assumptions.
Dan Wasiolek
Stock Strategist

Has Macy's Lost Its Magic?

Short-term cash drivers do not address long-term competitive problems.
Bridget Weishaar
Stock Strategist Industry Reports

How Will 3-D Printing Affect the Apparel Industry?

It could eventually be a disruptive technology, but it has some barriers to clear first.
Bridget Weishaar
Quarter-End Insights

Consumer Cyclical: Consumer Volatility Creates Investment Opportunities

The market now appears to be pricing in more conservative long-term cash flow assumptions than baked into our longer-term consumer cyclical valuations.
Bridget Weishaar
Stock Strategist

Discount Apparel Retailer's Stock Looking Good at These Prices

We think Ross is perfectly positioned to gain market share with its brand-name merchandise at a discount.
Bridget Weishaar
Investing Specialists

10 High-Conviction Purchases by the Ultimate Stock-Pickers

Top managers continue to exercise a lot of patience as they look for buying opportunities in a U.S. equity market that has risen close to 40% since the start of 2013.
The Morningstar Ultimate Stock-Pickers Team
Stock Strategist

First-Quarter Weakness Makes This Retail Stock an Attractive Buy

While the market overreacts to low first-quarter comps and EPS thrown off by foreign exchange rates, we continue to believe that TJX is best in class.
Bridget Weishaar
Quarter-End Insights

Our Outlook for Consumer Cyclical Stocks

The consumer shift to e-commerce is becoming more pronounced, but retailers are fighting back.
R.J. Hottovy
Investing Specialists

10 New-Money Purchases by Our Ultimate Stock-Pickers

There has been more breadth than depth in the high-conviction and new-money purchases that we've seen so far from our top managers, even with the increase in investor inflows in early part of 2013.
The Morningstar Ultimate Stock-Pickers Team