Off-price retailer of apparel and home accessories, Ross Stores Inc. (ROST - Free Report) remains on track with its store expansion program. In line with its expansion strategy, this Zacks Rank #3 (Hold) company opened 31 new stores in June and July, including 24 Ross Dress For Less and 7 dd's DISCOUNTS stores in 15 different states.
These stores are the second set opened under the company’s 2016 plan to add about 90 new stores (70 Ross Dress For Less and 20 dd's DISCOUNTS), thus marking the completion of its targeted store expansion for the second quarter. The company had inaugurated 28 new stores, including 22 Ross Dress For Less and 6 dd's DISCOUNTS stores in the first quarter.
The new store openings are in line with Ross Stores’ strategy of expanding its presence in both existing as well as newer markets that commenced in 2011.
The latest store openings include 10 stores in the newer Midwest region, including 4 outlets in Wisconsin. Including these new stores, the company operates 1,317 Ross Dress For Less stores in 34 states, the District of Columbia and Guam, and 185 dd's DISCOUNTS locations in 15 states.
We remain confident of the company’s growth potential and its ability to successfully attain the target of expanding its store base to 2,500 − comprising 2,000 Ross and 500 dd’s DISCOUNTS stores − over the longer term. Additionally, we believe the company is underpenetrated in the 34 states it serves and holds promise to substantially grow its store base in these markets.
Stocks that Warrant a Look
Some better-ranked stocks in the same industry include Big Lots Inc. (BIG - Free Report) , Burlington Stores, Inc. (BURL - Free Report) and Dollar General Corporation (DG - Free Report) , all carrying a Zacks Rank #2 (Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Off-price retailer of apparel and home accessories, Ross Stores Inc. (ROST - Free Report) remains on track with its store expansion program. In line with its expansion strategy, this Zacks Rank #3 (Hold) company opened 31 new stores in June and July, including 24 Ross Dress For Less and 7 dd's DISCOUNTS stores in 15 different states.
These stores are the second set opened under the company’s 2016 plan to add about 90 new stores (70 Ross Dress For Less and 20 dd's DISCOUNTS), thus marking the completion of its targeted store expansion for the second quarter. The company had inaugurated 28 new stores, including 22 Ross Dress For Less and 6 dd's DISCOUNTS stores in the first quarter.
The new store openings are in line with Ross Stores’ strategy of expanding its presence in both existing as well as newer markets that commenced in 2011.
The latest store openings include 10 stores in the newer Midwest region, including 4 outlets in Wisconsin. Including these new stores, the company operates 1,317 Ross Dress For Less stores in 34 states, the District of Columbia and Guam, and 185 dd's DISCOUNTS locations in 15 states.
We remain confident of the company’s growth potential and its ability to successfully attain the target of expanding its store base to 2,500 − comprising 2,000 Ross and 500 dd’s DISCOUNTS stores − over the longer term. Additionally, we believe the company is underpenetrated in the 34 states it serves and holds promise to substantially grow its store base in these markets.
Stocks that Warrant a Look
Some better-ranked stocks in the same industry include Big Lots Inc. (BIG - Free Report) , Burlington Stores, Inc. (BURL - Free Report) and Dollar General Corporation (DG - Free Report) , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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