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ROST Ross Stores

Ross Stores, Inc. engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd's DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.

Company profile

Ticker
ROST
Exchange
CEO
Barbara Rentler
Employees
Incorporated
Location
Fiscal year end
Former names
ROSS STORES INC
SEC CIK
IRS number
941390387

ROST stock data

(
)

Calendar

8 Dec 20
2 Mar 21
30 Jan 22
Quarter (USD)
Oct 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Ross Stores earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Sep 20 Brian R. Morrow Common Stock Payment of exercise Dispose F No No 90.22 4,457 402.11K 106,605
11 Sep 20 Marquette Travis Common Stock Payment of exercise Dispose F No No 90.22 636 57.38K 63,445
24 Aug 20 Rentler Barbara Common Stock Payment of exercise Dispose F No No 89.31 9,710 867.2K 403,989
24 Aug 20 Rentler Barbara Common Stock Grant Aquire A No No 0 60,676 0 413,699
24 Aug 20 Kobayashi Michael K Common Stock Payment of exercise Dispose F No No 89.31 1,263 112.8K 98,987
24 Aug 20 Kobayashi Michael K Common Stock Grant Aquire A No No 0 8,496 0 100,250
24 Aug 20 Hartshorn Michael J. Common Stock Payment of exercise Dispose F No No 89.31 1,263 112.8K 126,553
24 Aug 20 Hartshorn Michael J. Common Stock Grant Aquire A No No 0 8,496 0 127,816
83.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 800 762 +5.0%
Opened positions 118 71 +66.2%
Closed positions 80 107 -25.2%
Increased positions 267 245 +9.0%
Reduced positions 289 327 -11.6%
13F shares
Current Prev Q Change
Total value 185.03B 28.14B +557.5%
Total shares 298.99M 296.56M +0.8%
Total puts 1.1M 855.27K +29.1%
Total calls 1.54M 1.52M +1.7%
Total put/call ratio 0.7 0.6 +26.9%
Largest owners
Shares Value Change
TROW T. Rowe Price 47.97M $5.89B +0.4%
Vanguard 29.55M $3.63B -1.2%
BLK Blackrock 25.74M $3.16B -8.4%
STT State Street 15.98M $1.96B +4.3%
FMR 11.79M $1.45B -4.5%
Primecap Management 10.97M $1.35B -0.2%
BEN Franklin Resources 7.97M $979.25M +0.2%
BAC Bank Of America 7.71M $946.54M +4.8%
Geode Capital Management 5.28M $646.75M +0.1%
Alecta Pensionsforsakring, Omsesidigt 4.15M $507.97M +3.7%
Largest transactions
Shares Bought/sold Change
Wellington Management 3.86M +3.82M +8601.6%
BLK Blackrock 25.74M -2.36M -8.4%
Alkeon Capital Management 1.57M +1.57M NEW
IVZ Invesco 1.65M -1.55M -48.4%
Citadel Advisors 1.68M +999.82K +147.7%
Lazard Asset Management 2.5M -782.59K -23.8%
STT State Street 15.98M +661.14K +4.3%
Assenagon Asset Management 0 -576.39K EXIT
BNS Bank Of Nova Scotia 632.55K +566.42K +856.6%
FMR 11.79M -551.91K -4.5%

Financial report summary

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Competition
Citi Trends
Risks
  • The current, major health pandemic from the novel coronavirus (COVID-19) continues to severely and adversely affect our sales and our operations, and we expect it to continue to have serious adverse effects on our business and our financial condition.
  • We need to successfully operate under the health and safety measures implemented in our stores and distribution centers, and across all our operations, to comply with regulatory requirements and with the goal of keeping our customers and associates safe from the spread of the COVID-19 virus without disruptions to our operations.
  • We are subject to impacts from the macro-economic environment, financial and credit markets, and geopolitical conditions that affect consumer confidence and consumer disposable income. The COVID-19 pandemic may have prolonged and significant negative effects on consumer confidence, shopping behavior, and spending, which may adversely affect our sales and gross margins.
  • In order to achieve our planned gross margins, we must effectively manage our inventories, markdowns, and inventory shortage. As a result of potential changes in shopping behaviors due to the COVID-19 pandemic and potential disruptions to supply chains and store operations, we are at significant risk for inventory imbalances and the potential for significantly higher than normal levels of markdowns to sell through our inventory, which would negatively affect our gross margins and our operating results.
  • We are subject to impacts from instances of damage to our stores and losses of merchandise accompanying protests or demonstrations, which may result in temporary store closures.
Management Discussion
  • Stores. In response to the impacts from the COVID-19 pandemic, we have reduced our planned new store openings for fiscal 2020. We did not open any new stores in the second quarter of fiscal 2020, and opened 39 stores in the third quarter. Our longer term expansion strategy is to open additional stores based on market penetration, local demographic characteristics, competition, expected store profitability, and the ability to leverage overhead expenses. We continually evaluate opportunistic real estate acquisitions and opportunities for potential new store locations. We also evaluate our current store locations and determine store closures based on similar criteria.
  • Sales. Sales for the three month period ended October 31, 2020, decreased $94.6 million, or 2.5%, compared to the three month period ended November 2, 2019. This was primarily due to COVID-19's negative impact on customer demand which resulted in a 3% decline in comparable store sales. We opened 59 net new stores between November 2, 2019 and October 31, 2020, which partially offset the comparable store sales decline.
  • Sales for the nine month period ended October 31, 2020, decreased $3.3 billion, or 28.8%, compared to the nine month period ended November 2, 2019. This was primarily due to the negative impact from store closures during the March 2020 to June 2020 period and COVID-19's negative impact on customer demand. We opened 59 net new stores between
Content analysis
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New words: accrual, advance, capacity, coinciding, colder, consideration, Core, county, deep, deleveraging, discourage, extinguishment, flu, holiday, hospitalization, hot, larger, life, media, middle, multiple, refinanced, refinancing, reinstatement, resurgence, strict, stronger, tender, terminated, termination, traditional, traffic, undrawn, unpaid
Removed: office