#9 - Ross Stores (NASDAQ:ROSS)
When the economy slows, buyers flee towards value. That’s where companies like discount clothing retailer Ross Stores (ROST) thrive. While already capturing the budget-minded shopper, the company has displayed proven performance among more affluent consumers when the economy slows. During the 2008 recession, the company added 66 stores. And by rewarding its shareholders with a 17.6 percent return in that time, it beat the S&P 500 average by 56 percent. In advance of their second-quarter earnings announcement on August 16, analysts are projecting a 6.4 percent increase in year-over-year sales. The consensus rating on Ross Stores is a buy, with stock prices forecast to increase up to 0.7 percent. Investors also look for the relative security of dividend stocks during recessions. Ross Stores pays an annual dividend of $0.90 per share with a current dividend yield of 1.04 percent. The company has increased its dividend every year for the last 11 years at an average of 17% each year, making it a great potential source of income during the next downturn.
About
- Current Price
- 0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
