Ross Stores
Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States. The last earnings update was 42 days ago. More info.
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ROST Share Price and Events
7 Day Returns
1 Year Returns
ROST Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ross Stores (ROST) | 1.4% | 19.9% | -5.1% | 8.2% | 70.2% | 170.5% |
| US Specialty Retail | 0.2% | 12.1% | -4.8% | -1.4% | 26.3% | 39.5% |
| US Market | 0.7% | 10.2% | -1% | -8.1% | 38.8% | 38.9% |
1 Year Return vs Industry and Market
- ROST outperformed the Specialty Retail industry which returned -1.4% over the past year.
- ROST outperformed the Market in United States of America which returned -8.1% over the past year.
Value
Is Ross Stores undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Ross Stores
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Ross Stores.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 24 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Specialty Retail Unlevered Beta | Simply Wall St/ S&P Global | 0.88 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.885 (1 + (1- 21%) (1.17%)) |
0.893 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.89 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.893 * 7.27%) |
9.22% |
Discounted Cash Flow Calculation for NasdaqGS:ROST using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Ross Stores is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 1,591.08 | 1,683.41 | 1,822.12 | 1,986.00 | 2,401.00 |
| Source | Analyst x9 | Analyst x8 | Analyst x5 | Analyst x3 | Analyst x2 |
|
Present Value Discounted (@ 9.22%) |
1,456.74 | 1,411.14 | 1,398.45 | 1,395.53 | 1,544.69 |
| Present value of next 5 years cash flows | $7,206.54 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $2,401.00 × (1 + 2.73%) ÷ (9.22% – 2.73%) |
$37,993.41 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $37,993.41 ÷ (1 + 9.22%)5 |
$24,443.13 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $7,206.54 + $24,443.13 |
$31,649.67 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $31,649.67 / 370.59 |
$85.4 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $85.40 |
| Current discount | Discount to share price of
$91.51
= -1 x ($91.51 - $85.40) / $85.40 |
-7.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Ross Stores is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Ross Stores's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ross Stores's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-11-03) in USD | $4.29 |
| NasdaqGS:ROST Share Price ** | NasdaqGS (2019-01-23) in USD | $91.51 |
| United States of America Specialty Retail Industry PE Ratio | Median Figure of 65 Publicly-Listed Specialty Retail Companies | 14.93x |
| United States of America Market PE Ratio | Median Figure of 3,026 Publicly-Listed Companies | 16.96x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ross Stores.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:ROST Share Price ÷ EPS (both in USD) = 91.51 ÷ 4.29 |
21.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ross Stores is overvalued based on earnings compared to the US Specialty Retail industry average.
- Ross Stores is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Ross Stores's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts |
8.7%per year |
| United States of America Specialty Retail Industry PEG Ratio | Median Figure of 59 Publicly-Listed Specialty Retail Companies | 1.47x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.26x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.33x ÷ 8.7% |
2.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ross Stores is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Ross Stores's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-11-03) in USD | $8.59 |
| NasdaqGS:ROST Share Price * | NasdaqGS (2019-01-23) in USD | $91.51 |
| United States of America Specialty Retail Industry PB Ratio | Median Figure of 99 Publicly-Listed Specialty Retail Companies | 1.53x |
| United States of America Market PB Ratio | Median Figure of 5,102 Publicly-Listed Companies | 1.75x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:ROST Share Price ÷ Book Value per Share (both in USD) = 91.51 ÷ 8.59 |
10.65x |
* Primary Listing of Ross Stores.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ross Stores is overvalued based on assets compared to the US Specialty Retail industry average.
Value checks
We assess Ross Stores's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check) Ross Stores has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Ross Stores expected to perform in the next 1 to 3 years based on estimates from 24 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Ross Stores's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Ross Stores's earnings growth is positive but not above the United States of America market average.
- Ross Stores's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:ROST Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts | 8.7% |
| NasdaqGS:ROST Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts | 6.5% |
| United States of America Specialty Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 11.1% |
| United States of America Specialty Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.6% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 24 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-01-31 | 19,687 | 2,969 | 2,405 | 2 |
| 2022-01-31 | 18,149 | 2,492 | 2,155 | 3 |
| 2021-01-31 | 16,965 | 2,304 | 1,784 | 13 |
| 2020-01-31 | 15,887 | 2,097 | 1,644 | 24 |
| 2019-01-31 | 14,928 | 2,061 | 1,552 | 23 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-11-03 | 14,944 | 1,966 | 1,597 |
| 2018-08-04 | 14,723 | 1,898 | 1,533 |
| 2018-05-05 | 14,417 | 1,632 | 1,460 |
| 2018-02-03 | 14,135 | 1,681 | 1,363 |
| 2017-10-28 | 13,577 | 1,695 | 1,213 |
| 2017-07-29 | 13,335 | 1,577 | 1,183 |
| 2017-04-29 | 13,084 | 1,611 | 1,148 |
| 2017-01-28 | 12,867 | 1,559 | 1,118 |
| 2016-10-29 | 12,607 | 1,593 | 1,081 |
| 2016-07-30 | 12,303 | 1,515 | 1,052 |
| 2016-04-30 | 12,091 | 1,381 | 1,029 |
| 2016-01-30 | 11,940 | 1,326 | 1,021 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 24 Analyst Estimates (S&P Global) | See Below |
All data from Ross Stores Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-01-31 | 6.94 | 6.94 | 6.94 | 1.00 |
| 2022-01-31 | 6.03 | 6.03 | 6.03 | 1.00 |
| 2021-01-31 | 4.99 | 5.27 | 4.81 | 7.00 |
| 2020-01-31 | 4.52 | 4.70 | 4.34 | 17.00 |
| 2019-01-31 | 4.17 | 4.26 | 3.97 | 17.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-11-03 | 4.29 |
| 2018-08-04 | 4.09 |
| 2018-05-05 | 3.86 |
| 2018-02-03 | 3.58 |
| 2017-10-28 | 3.16 |
| 2017-07-29 | 3.05 |
| 2017-04-29 | 2.95 |
| 2017-01-28 | 2.85 |
| 2016-10-29 | 2.74 |
| 2016-07-30 | 2.65 |
| 2016-04-30 | 2.57 |
| 2016-01-30 | 2.53 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Ross Stores's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ross Stores has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Ross Stores performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Ross Stores's year on year earnings growth rate has been positive over the past 5 years.
- Ross Stores's 1-year earnings growth exceeds its 5-year average (30.7% vs 12.6%)
- Ross Stores's earnings growth has exceeded the US Specialty Retail industry average in the past year (30.7% vs 27.9%).
Earnings and Revenue History
All data from Ross Stores Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-11-03 | 14,943.96 | 1,596.51 | 2,726.29 | |
| 2018-08-04 | 14,723.25 | 1,532.85 | 2,682.01 | |
| 2018-05-05 | 14,416.92 | 1,459.99 | 2,625.70 | |
| 2018-02-03 | 14,134.73 | 1,362.75 | 2,576.10 | |
| 2017-10-28 | 13,577.08 | 1,212.57 | 2,489.39 | |
| 2017-07-29 | 13,334.88 | 1,182.67 | 2,462.27 | |
| 2017-04-29 | 13,084.19 | 1,148.04 | 2,433.50 | |
| 2017-01-28 | 12,866.76 | 1,117.65 | 2,395.61 | |
| 2016-10-29 | 12,607.33 | 1,081.25 | 2,320.68 | |
| 2016-07-30 | 12,303.49 | 1,052.36 | 2,273.87 | |
| 2016-04-30 | 12,090.85 | 1,029.09 | 2,239.58 | |
| 2016-01-30 | 11,940.00 | 1,020.66 | 2,211.96 | |
| 2015-10-31 | 11,721.97 | 1,005.03 | 2,170.12 | |
| 2015-08-01 | 11,537.94 | 982.09 | 2,136.77 | |
| 2015-05-02 | 11,299.23 | 963.02 | 2,096.77 | |
| 2015-01-31 | 11,041.68 | 924.72 | 2,067.27 | |
| 2014-11-01 | 10,750.02 | 894.15 | 2,021.27 | |
| 2014-08-02 | 10,549.32 | 873.05 | 1,993.13 | |
| 2014-05-03 | 10,371.03 | 846.61 | 1,979.10 | |
| 2014-02-01 | 10,230.35 | 837.30 | 1,958.17 | |
| 2013-11-02 | 10,249.96 | 855.95 | 1,921.62 | |
| 2013-08-03 | 10,114.56 | 843.86 | 1,897.75 | |
| 2013-05-04 | 9,904.14 | 812.76 | 1,868.64 | |
| 2013-02-02 | 9,721.07 | 786.76 | 1,844.49 | |
| 2012-10-27 | 9,358.30 | 742.11 | 1,389.68 | |
| 2012-07-28 | 9,142.00 | 726.56 | 1,363.92 | |
| 2012-04-28 | 8,890.56 | 692.81 | 1,332.72 | |
| 2012-01-28 | 8,608.29 | 657.17 | 1,684.07 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Ross Stores made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- Ross Stores used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.
- Ross Stores has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Ross Stores's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ross Stores has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Ross Stores's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Ross Stores's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ross Stores is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ross Stores's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 9.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Ross Stores Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-11-03 | 3,187.16 | 397.33 | 1,349.20 |
| 2018-08-04 | 3,184.61 | 397.21 | 1,386.94 |
| 2018-05-05 | 3,130.29 | 397.09 | 1,302.84 |
| 2018-02-03 | 3,049.31 | 396.97 | 1,290.81 |
| 2017-10-28 | 2,858.52 | 396.85 | 1,144.69 |
| 2017-07-29 | 2,839.88 | 396.73 | 1,150.93 |
| 2017-04-29 | 2,777.75 | 396.61 | 1,244.22 |
| 2017-01-28 | 2,748.02 | 396.49 | 1,111.60 |
| 2016-10-29 | 2,649.52 | 396.38 | 879.61 |
| 2016-07-30 | 2,614.33 | 396.26 | 928.93 |
| 2016-04-30 | 2,539.44 | 396.14 | 911.75 |
| 2016-01-30 | 2,471.99 | 396.03 | 763.34 |
| 2015-10-31 | 2,394.08 | 395.91 | 487.12 |
| 2015-08-01 | 2,386.51 | 395.79 | 631.29 |
| 2015-05-02 | 2,333.50 | 395.68 | 761.86 |
| 2015-01-31 | 2,279.21 | 395.56 | 697.11 |
| 2014-11-01 | 2,187.30 | 398.34 | 571.58 |
| 2014-08-02 | 2,149.33 | 150.00 | 549.78 |
| 2014-05-03 | 2,075.28 | 150.00 | 595.95 |
| 2014-02-01 | 2,007.30 | 150.00 | 435.17 |
| 2013-11-02 | 1,941.13 | 150.00 | 384.29 |
| 2013-08-03 | 1,930.97 | 150.00 | 550.58 |
| 2013-05-04 | 1,875.26 | 150.00 | 715.21 |
| 2013-02-02 | 1,766.86 | 150.00 | 647.85 |
| 2012-10-27 | 1,697.74 | 150.00 | 625.36 |
| 2012-07-28 | 1,664.15 | 150.00 | 722.50 |
| 2012-04-28 | 1,610.64 | 150.00 | 741.58 |
| 2012-01-28 | 1,493.01 | 150.00 | 650.49 |
- Ross Stores's level of debt (12.5%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (7.7% vs 12.5% today).
- Debt is well covered by operating cash flow (494.7%, greater than 20% of total debt).
- Ross Stores earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Ross Stores's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ross Stores has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Ross Stores's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Ross Stores
shares you are expected to receive
$20
in your first year as a dividend.
Dividend Amount
- Ross Stores's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
- Ross Stores's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 24 Analyst Estimates (S&P Global) | See Below |
| United States of America Specialty Retail Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1986 Stocks | 2.6% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-01-31 | 1.64 | 2.00 |
| 2022-01-31 | 1.33 | 3.00 |
| 2021-01-31 | 1.17 | 10.00 |
| 2020-01-31 | 1.06 | 13.00 |
| 2019-01-31 | 0.88 | 13.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-19 | 0.900 | 1.073 |
| 2018-08-22 | 0.900 | 0.926 |
| 2018-05-23 | 0.900 | 1.043 |
| 2018-03-06 | 0.900 | 1.143 |
| 2017-11-15 | 0.640 | 0.817 |
| 2017-08-16 | 0.640 | 1.032 |
| 2017-05-17 | 0.640 | 1.110 |
| 2017-03-28 | 0.640 | 0.996 |
| 2017-02-28 | 0.640 | 0.958 |
| 2016-11-16 | 0.540 | 0.804 |
| 2016-08-17 | 0.540 | 0.855 |
| 2016-05-18 | 0.540 | 0.949 |
| 2016-03-29 | 0.540 | 0.948 |
| 2016-03-01 | 0.540 | 0.934 |
| 2015-11-18 | 0.470 | 0.875 |
| 2015-09-09 | 0.470 | 0.955 |
| 2015-05-20 | 0.470 | 0.928 |
| 2015-03-31 | 0.470 | 0.918 |
| 2015-02-26 | 0.470 | 0.892 |
| 2014-11-19 | 0.400 | 0.860 |
| 2014-08-20 | 0.400 | 1.035 |
| 2014-05-21 | 0.400 | 1.207 |
| 2014-02-27 | 0.400 | 1.135 |
| 2013-11-19 | 0.340 | 0.947 |
| 2013-08-21 | 0.340 | 0.929 |
| 2013-05-22 | 0.340 | 1.033 |
| 2013-02-07 | 0.340 | 1.117 |
| 2012-11-14 | 0.280 | 0.992 |
| 2012-08-15 | 0.280 | 0.874 |
| 2012-05-16 | 0.280 | 0.857 |
| 2012-02-02 | 0.280 | 0.984 |
| 2011-11-17 | 0.220 | 0.919 |
| 2011-08-17 | 0.220 | 1.090 |
| 2011-05-18 | 0.220 | 1.139 |
| 2011-02-03 | 0.220 | 1.218 |
| 2010-11-17 | 0.160 | 0.994 |
| 2010-08-18 | 0.160 | 1.149 |
| 2010-05-19 | 0.160 | 1.194 |
| 2010-02-04 | 0.160 | 1.224 |
| 2009-11-18 | 0.110 | 0.990 |
| 2009-08-19 | 0.110 | 0.949 |
| 2009-05-20 | 0.110 | 1.073 |
| 2009-02-05 | 0.110 | 1.279 |
| 2009-01-26 | 0.095 | 1.265 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Ross Stores's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.8x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
Income/ dividend checks
We assess Ross Stores's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ross Stores afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ross Stores has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $12,400,570 |
| AGE | 61 |
| TENURE AS CEO | 4.6 years |
CEO Bio
Ms. Barbara Rentler has been the Chief Executive Officer of Ross Stores Inc since June 2014. Ms. Rentler served as the President and Chief Merchandising Officer of Ross Dress for Less at Ross Stores Inc since December 2009 until June 2014. She served as Executive Vice President of Merchandising at Ross Stores Inc. from December 11, 2006 to December 2009. Ms. Rentler served as Senior Vice President and General Merchandising Manager of Ross Stores Inc. from March 2001 to February 08, 2005. She served as Chief Merchandising Officer and Executive Vice President of dd's DISCOUNTS(SM) at Ross Stores Inc. from February 08, 2005 to December 11, 2006. She joined Ross in February 1986 and served as Vice President and Group Divisional Merchandise Manager from March 1999 to February 2001. She served as Vice President and Divisional Merchandise Manager of Ross Stores from March 1996 to February 1999. She served as Counselor at Ross Stores Inc. from December 1993 to February 1996. She has been Director of Ross Stores Inc. since June 2014.
CEO Compensation
- Barbara's compensation has been consistent with company performance over the past year.
- Barbara's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Ross Stores management team in years:
- The tenure for the Ross Stores management team is about average.
Management Team
Michael Balmuth
Executive Chairman
$8M
67
Barbara Rentler
CEO & Director
$12M
61
4.6 yrs
Michael O'Sullivan
President
$10M
54
9.1 yrs
Michael Hartshorn
Executive VP
$3M
50
4.9 yrs
Bernie Brautigan
President of Merchandising- Ross Dress for Less
$5M
53
2.8 yrs
Jim Fassio
President & Chief Development Officer
$6M
63
9.1 yrs
Michael Kobayashi
Group Executive Vice President of Supply Chain
$2M
54
4.7 yrs
Connie Kao
Vice President - Investor Relations
John Call
Executive VP of Finance & Legal and Corporate Secretary
$3M
59
4.8 yrs
Ken Caruana
Executive VP of Strategy
Board of Directors Tenure
Average tenure and age of the Ross Stores board of directors in years:
- The tenure for the Ross Stores board of directors is about average.
Board of Directors
Michael Balmuth
Executive Chairman
$8M
67
4.6 yrs
Barbara Rentler
CEO & Director
$12M
61
4.6 yrs
Michael O'Sullivan
President
$10M
54
4.6 yrs
Norman Ferber
Chairman Emeritus
$2M
69
4.6 yrs
George Orban
Independent Director
$257K
72
37 yrs
K. Bjorklund
Independent Director
$251K
59
16 yrs
Greg Quesnel
Lead Independent Director
$280K
69
0.3 yrs
Sharon Garrett
Independent Director
$236K
69
19 yrs
Michael Bush
Independent Director
$242K
57
18 yrs
Larry Peiros
Independent Director
$232K
63
6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Oct 18 | Sell | Barbara Rentler | Individual | 12. Oct 18 | 12. Oct 18 | -20,000 | $95.15 | $-1,902,998 | ||
| 29. Aug 18 | Sell | Norman Ferber | Individual | 27. Aug 18 | 27. Aug 18 | -10,144 | $94.90 | $-962,682 | ||
| 12. Jun 18 | Sell | Barbara Rentler | Individual | 08. Jun 18 | 08. Jun 18 | -25,000 | $85.45 | $-2,136,268 | ||
| 12. Jun 18 | Sell | Michael Bush | Individual | 11. Jun 18 | 11. Jun 18 | -1,500 | $85.73 | $-128,589 | ||
| 01. Jun 18 | Sell | Michael Balmuth | Individual | 31. May 18 | 31. May 18 | -33,999 | $79.10 | $-2,689,416 | ||
| 13. Apr 18 | Sell | Barbara Rentler | Individual | 12. Apr 18 | 12. Apr 18 | -15,000 | $78.25 | $-1,173,750 | ||
| 09. Apr 18 | Sell | Lisa Panattoni | Individual | 05. Apr 18 | 05. Apr 18 | -12,471 | $79.48 | $-991,139 | ||
| 09. Apr 18 | Sell | Barbara Rentler | Individual | 05. Apr 18 | 05. Apr 18 | -32,430 | $79.53 | $-2,579,210 | ||
| 27. Mar 18 | Sell | Lisa Panattoni | Individual | 23. Mar 18 | 26. Mar 18 | -31,824 | $76.47 | $-2,410,606 | ||
| 26. Mar 18 | Sell | Bernard Brautigan | Individual | 22. Mar 18 | 23. Mar 18 | -18,171 | $75.99 | $-1,375,727 | ||
| 23. Mar 18 | Sell | Michael Hartshorn | Individual | 21. Mar 18 | 21. Mar 18 | -5,060 | $77.63 | $-392,795 | ||
| 22. Mar 18 | Sell | Bernard Brautigan | Individual | 20. Mar 18 | 20. Mar 18 | -2,787 | $77.47 | $-215,909 | ||
| 22. Mar 18 | Sell | Brian Morrow | Individual | 21. Mar 18 | 21. Mar 18 | -18,282 | $78.50 | $-1,435,137 | ||
| 20. Mar 18 | Sell | Michael Hartshorn | Individual | 16. Mar 18 | 16. Mar 18 | -3,361 | $76.94 | $-258,591 | ||
| 20. Mar 18 | Sell | Michael Balmuth | Individual | 16. Mar 18 | 16. Mar 18 | -25,689 | $76.84 | $-1,973,945 | ||
| 16. Mar 18 | Sell | Bernard Brautigan | Individual | 15. Mar 18 | 15. Mar 18 | -8,587 | $76.80 | $-659,482 | ||
| 16. Mar 18 | Sell | Sharon Garrett | Individual | 15. Mar 18 | 15. Mar 18 | -26,000 | $77.07 | $-2,003,760 | ||
| 14. Mar 18 | Sell | Michael Balmuth | Individual | 12. Mar 18 | 12. Mar 18 | -59,777 | $76.53 | $-4,574,525 | ||
Management checks
We assess Ross Stores's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ross Stores has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Should We Expect From Ross Stores, Inc.'s (NASDAQ:ROST) Earnings Over The Next Year?
(NASDAQ:ROST) released its earnings update. … the consensus outlook from analysts appear somewhat bearish, … with earnings expected to grow by 1.6% in the upcoming year
Simply Wall St - – Full articleWhat Does Ross Stores, Inc.'s (NASDAQ:ROST) P/E Ratio Tell You?
We'll show how you can use Ross Stores, Inc.'s (NASDAQ:ROST) P/E ratio to inform your assessment of the investment opportunity. … Ross Stores has a P/E ratio of 21.13, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould You Like Ross Stores, Inc.’s (NASDAQ:ROST) High Return On Capital Employed?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleNeed To Know: Ross Stores, Inc. (NASDAQ:ROST) Insiders Have Been Selling Shares
So we'll take a look at whether insiders have been buying or selling shares in Ross Stores, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at below the current price (US$78.47).
Simply Wall St - – Full articleDoes Ross Stores, Inc.'s (NASDAQ:ROST) 31% Earnings Growth Make It An Outperformer?
Measuring Ross Stores, Inc.'s (NASDAQ:ROST) track record of past performance is a valuable exercise for investors. … Today I will assess ROST's recent performance announced on 03 November 2018 and compare these figures to its historical trend and industry movements. … ROST's trailing twelve-month earnings (from 03 November 2018) of US$1.6b has.
Simply Wall St - – Full articleA Look At The Intrinsic Value Of Ross Stores Inc (NASDAQ:ROST)
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhy Ross Stores Inc's (NASDAQ:ROST) CEO Pay Matters To You
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Barbara Rentler's Compensation Compare With Similar Sized Companies. … Our data indicates that Ross Stores Inc is worth US$30b, and total annual CEO compensation is US$12m
Simply Wall St - – Full articleWhy I Like Ross Stores Inc (NASDAQ:ROST)
Ross Stores Inc (NASDAQ:ROST) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a
Simply Wall St - – Full articleShould You Ramp Up Holdings In Ross Stores Inc (NASDAQ:ROST)?
Longstanding stocks such as Ross Stores Inc has fared well over time in a volatile stock market, which is why it’s my top pick to invest in. … Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States … Ross Stores was founded in
Simply Wall St - – Full articleAre Ross Stores Inc (NASDAQ:ROST) Shareholders Getting A Good Deal?
If you are currently a shareholder in Ross Stores Inc (NASDAQ:ROST), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Ross Stores’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … I will be analysing Ross Stores’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleCompany Info
Map
Description
Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income. As of October 15, 2018, it operated Ross Dress for Less stores in 1,483 locations in 38 states, the District of Columbia, and Guam; and 237 dd's DISCOUNTS stores in 18 states in the United States. The company was founded in 1982 and is headquartered in Dublin, California.
Details
| Name: | Ross Stores, Inc. |
| ROST | |
| Exchange: | NasdaqGS |
| Founded: | 1982 |
| $33,957,053,576 | |
| 370,588,820 | |
| Website: | http://www.rossstores.com |
| Address: |
Ross Stores, Inc. 5130 Hacienda Drive, Dublin, California, 94568, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | ROST | Common Stock | Nasdaq Global Select | US | USD | 08. Aug 1985 | |
| DB | RSO | Common Stock | Deutsche Boerse AG | DE | EUR | 08. Aug 1985 | |
| WBAG | ROST | Common Stock | Wiener Boerse AG | AT | EUR | 08. Aug 1985 | |
| BMV | ROST * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 08. Aug 1985 | |
| BOVESPA | ROST34 | BDR EACH REPR 1/2 COM USD0.01 | Bolsa de Valores de Sao Paulo | BR | BRL | 25. Apr 2016 |
Number of employees
Current staff
Industry
| Apparel Retail | |
| Retail |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/01/23 23:41 |
| End of day share price update: | 2019/01/23 00:00 |
| Last estimates confirmation: | 2019/01/22 |
| Last earnings filing: | 2018/12/12 |
| Last earnings reported: | 2018/11/03 |
| Last annual earnings reported: | 2018/02/03 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
