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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

This Dividend-Paying Growth Stock Hit a Rough Patch. Is It Still a Buy?

Kody Kester, The Motley Fool
·3 min read
This Dividend-Paying Growth Stock Hit a Rough Patch. Is It Still a Buy?

Let's go over Ross Stores' fundamentals and valuation to see if it is currently on the sale rack for dividend growth investors. Operating 1,669 Ross Dress for Less stores in 40 U.S. states, Washington D.C., and Guam as of the second quarter, Ross Stores is the largest off-price apparel and home fashion chain in the U.S. The company also operated 311 dd's DISCOUNTS in 21 U.S. states with in-season and name brand apparel. Ross Stores produced $4.6 billion in sales during the second quarter, which was down 4.6% year over year.

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