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ROST Ross Stores

Ross Stores, Inc. is an S&P 500, Fortune 500, and NASDAQ 100 (ROST) company headquartered in Dublin, California, with fiscal 2019 revenues of $16.0 billion. As of August 1, 2020, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,566 locations in 39 states, the District of Columbia, and Guam. Ross offers first-quality,in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day.

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

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Calendar

8 Jun 21
1 Aug 21
29 Jan 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
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
2 Jul 21 Kobayashi Michael K Common Stock Sell Dispose S No Yes 125.13 63 7.88K 82,618
28 May 21 Michael Balmuth Common Stock Sell Dispose S No Yes 126.0372 48,377 6.1M 768
28 May 21 Michael Balmuth Common Stock Sell Dispose S No No 125.92 1,000 125.92K 49,145
27 May 21 Sharon D Garrett Common Stock Gift Aquire G Yes No 0 587 0 207,490
27 May 21 Sharon D Garrett Common Stock Gift Dispose G No No 0 587 0 2,999
26 May 21 Patricia H Mueller Common Stock Gift Aquire G Yes No 0 914 0 914
26 May 21 Patricia H Mueller Common Stock Gift Dispose G No No 0 914 0 3,116
25 May 21 Sharon D Garrett Common Stock Gift Aquire G Yes No 0 1,152 0 206,903
25 May 21 Sharon D Garrett Common Stock Gift Dispose G No No 0 1,152 0 3,586

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 816 823 -0.9%
Opened positions 81 133 -39.1%
Closed positions 88 72 +22.2%
Increased positions 282 271 +4.1%
Reduced positions 311 293 +6.1%
13F shares
Current Prev Q Change
Total value 35.9B 37.17B -3.4%
Total shares 299.67M 303.04M -1.1%
Total puts 836.5K 1.1M -24.2%
Total calls 553.5K 1.51M -63.4%
Total put/call ratio 1.5 0.7 +107.2%
Largest owners
Shares Value Change
TROW T. Rowe Price 47.93M $5.75B -0.1%
Vanguard 27.07M $3.25B -8.4%
BLK Blackrock 26.11M $3.13B +1.4%
STT State Street 15.96M $1.91B -0.1%
Primecap Management 11.64M $1.4B +6.1%
FMR 11.23M $1.35B -4.7%
BAC Bank Of America 9.88M $1.18B +28.2%
BEN Franklin Resources 8.4M $1.01B +5.4%
Geode Capital Management 5.36M $641.17M +1.6%
Wellington Management 4.61M $552.94M +19.4%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -3.61M EXIT
Vanguard 27.07M -2.48M -8.4%
BAC Bank Of America 9.88M +2.17M +28.2%
California Public Employees Retirement System 1.25M -1.4M -52.7%
Alliancebernstein 1.97M +1.27M +182.5%
Ubs Global Asset Management Americas 2.55M +1.2M +88.2%
Wellington Management 4.61M +749.68K +19.4%
Primecap Management 11.64M +672.6K +6.1%
Lazard Asset Management 1.86M -645.81K -25.8%
JPM JPMorgan Chase & Co. 4.05M +639.29K +18.7%

Financial report summary

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Competition
Citi Trends
Risks
  • The COVID-19 pandemic 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 performance.
  • 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.
  • 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.
  • Competitive pressures in the apparel and home-related merchandise retailing industry are high.
  • Unexpected changes in the level of consumer spending on or preferences for apparel and home-related merchandise could adversely affect us.
  • Adverse and/or unseasonable weather may affect shopping patterns and consumer demand for seasonal apparel and other merchandise, and may result in temporary store closures and disruptions in deliveries of merchandise to our stores.
  • 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 risk for inventory imbalances and the potential for higher than normal levels of markdowns to sell through our inventory, which would negatively affect our gross margins and our operating results.
  • We depend on the market availability, quantity, and quality of attractive brand name merchandise at desirable discounts, and on the ability of our buyers to purchase merchandise to enable us to offer customers a wide assortment of merchandise at competitive prices.
  • Information or data security breaches, including cyber-attacks on our transaction processing and computer information systems, could result in theft or unauthorized disclosure of customer, credit card, employee, or other private and valuable information that we handle in the ordinary course of our business, disrupt our operations, damage our reputation, and increase our costs.
  • Disruptions in our supply chain or in our information systems could impact our ability to process sales and to deliver product to our stores in a timely and cost-effective manner.
  • We need to obtain acceptable new store sites with favorable consumer demographics to achieve our planned growth.
  • To achieve growth, we need to expand in existing markets and enter new geographic markets.
  • Consumer problems or legal issues involving the quality, safety, or authenticity of products we sell could harm our reputation, result in lost sales, and/or increase our costs.
  • An adverse outcome in various legal, regulatory, or tax matters could damage our reputation or brand and increase our costs.
  • Damage to our corporate reputation or brands could adversely affect our sales and operating results.
  • Our inability to continually attract, train, and retain associates with the retail talent necessary to execute our off-price retail strategies along with labor shortages, increased turnover, or increased labor costs could adversely affect our operating results.
  • We must effectively advertise and market our business.
  • We are subject to risks associated with selling and importing merchandise produced in other countries.
  • Changes in U.S. tax or trade policy regarding apparel and home-related merchandise produced in other countries could adversely affect our business.
  • We may experience volatility in revenues and earnings.
  • A pandemic, natural or man-made disaster in California or in another region where we have a concentration of stores, offices, or a distribution center could harm our business.
  • To support our continuing operations, our new store and distribution center growth plans, our quarterly dividends, and any resumption of our stock repurchase program, we must maintain sufficient liquidity; the COVID-19 pandemic and related economic disruption are adding significant uncertainty and challenges.
  • 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
  • Sales for the first quarter of fiscal 2021 benefited considerably from a combination of government stimulus payments, ongoing vaccine rollouts throughout the United States, easing of COVID restrictions on business hours and customer capacity, pent-up consumer demand, and strong execution of our merchandising strategies. During the quarter, we also experienced expense pressures from higher freight and wages, as well as ongoing COVID-related operating costs of approximately 35 basis points, the vast majority of which impacted our selling, general and administrative expenses (“SG&A”).
  • It is difficult to predict the lasting impact from the factors that benefited our results for the first quarter of fiscal 2021, in particular the recent government stimulus payments. In addition, there continues to be uncertainty surrounding the COVID-19 pandemic, including its unknown duration, and the potential for future resurgences and new virus variants, and its potential impact on consumer demand.
  • Stores. In response to the impacts and uncertainties from the COVID-19 pandemic, we planned to open approximately 60 new stores in fiscal 2021. Our opening plans for fiscal 2021, were set in 2020 during the onset of the pandemic when it was impossible to predict when the health crisis would subside. Looking forward to 2022, we expect to return to our historical annual opening program of approximately 100 new stores. 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.
Content analysis
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