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
Website
CEO
Barbara Rentler
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ROSS STORES INC
SEC CIK
Corporate docs
IRS number
941390387
ROST stock data
()
Calendar
8 Dec 20
2 Mar 21
30 Jan 22
Financial summary
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Oct 20 | Aug 20 | May 20 | Nov 19 | |
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Feb 20 | Feb 19 | Feb 18 | Jan 17 | |
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Diluted EPS |
Financial data from Ross Stores earnings reports.
Recent insider trades
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 |
Institutional ownership Q4 2020
83.9% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 800 |
Opened positions | 118 |
Closed positions | 80 |
Increased positions | 267 |
Reduced positions | 289 |
13F shares |
Current |
---|---|
Total value | 185.03B |
Total shares | 298.99M |
Total puts | 1.1M |
Total calls | 1.54M |
Total put/call ratio | 0.7 |
Largest owners |
Shares | Value |
---|---|---|
TROW T. Rowe Price | 47.97M | $5.89B |
Vanguard | 29.55M | $3.63B |
BLK Blackrock | 25.74M | $3.16B |
STT State Street | 15.98M | $1.96B |
FMR | 11.79M | $1.45B |
Primecap Management | 10.97M | $1.35B |
BEN Franklin Resources | 7.97M | $979.25M |
BAC Bank Of America | 7.71M | $946.54M |
Geode Capital Management | 5.28M | $646.75M |
Alecta Pensionsforsakring, Omsesidigt | 4.15M | $507.97M |
Financial report summary
?Competition
Citi TrendsRisks
- 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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H.S. sophomore Avg
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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
Financial reports
10-Q
2020 Q3
Quarterly report
8 Dec 20
10-Q
2020 Q2
Quarterly report
8 Sep 20
10-Q
2020 Q1
Quarterly report
9 Jun 20
10-K
2019 FY
Annual report
30 Mar 20
10-Q
2019 Q3
Quarterly report
10 Dec 19
10-Q
2019 Q2
Quarterly report
10 Sep 19
10-Q
2019 Q1
Quarterly report
11 Jun 19
10-K
2018 FY
Annual report
1 Apr 19
10-Q
2018 Q3
Quarterly report
11 Dec 18
10-Q
2018 Q2
Quarterly report
11 Sep 18
Current reports
8-K
Ross Stores Reports Improved Trends In Third Quarter Sales and Earnings
19 Nov 20
8-K
Ross Stores Announces Anticipated Total Consideration and Early Settlement Date for Its Cash Tender Offers for Its Outstanding Debt Securities
22 Oct 20
8-K
Ross Stores Announces Early Results and Upsize of Its Cash Tender Offers for Its Outstanding Debt Securities
16 Oct 20
8-K
Termination of a Material Definitive Agreement
7 Oct 20
8-K
Ross Stores Announces Tender Offers for Outstanding Debt Securities
1 Oct 20
8-K
Departure of Directors or Certain Officers
29 Sep 20
8-K
Ross Stores Reports Second Quarter Results
20 Aug 20
8-K
Entry into a Material Definitive Agreement
6 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
26 May 20
8-K
Ross Stores Reports First Quarter Results
21 May 20
Registration and prospectus
424B2
Prospectus for primary offering
20 Oct 20
FWP
Free writing prospectus
19 Oct 20
424B2
Prospectus for primary offering
19 Oct 20
424B2
Prospectus for primary offering
3 Apr 20
FWP
Free writing prospectus
2 Apr 20
424B2
Prospectus for primary offering
2 Apr 20
S-3ASR
Automatic shelf registration
2 Apr 20
S-8
Registration of securities for employees
16 May 17
S-8
Registration of securities for employees
29 Mar 16
424B5
Prospectus supplement for primary offering
16 Sep 14
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
7 Apr 20
DEFA14A
Additional proxy soliciting materials
7 May 19
PX14A6G
Letter to shareholders
22 Apr 19
DEFA14A
Additional proxy soliciting materials
18 Apr 19
DEF 14A
Definitive proxy
8 Apr 19
DEFA14A
Additional proxy soliciting materials
8 Apr 19
DEF 14A
Definitive proxy
9 Apr 18
DEFA14A
Additional proxy soliciting materials
9 Apr 18
DEF 14A
Definitive proxy
3 Apr 17
Other
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
28 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
24 May 17
NO ACT
No action letter
30 Jan 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
29 May 14
UPLOAD
Letter from SEC
7 Jul 11
CORRESP
Correspondence with SEC
22 Jun 11
Ownership
SC 13G/A
ROSS STORES / PRICE T ROWE ASSOCIATES ownership change
16 Feb 21
SC 13G/A
ROSS STORES / VANGUARD ownership change
10 Feb 21
SC 13G/A
ROSS STORES / FMR ownership change
8 Feb 21
SC 13G/A
ROSS STORES / BlackRock ownership change
1 Feb 21
4
ROSS STORES / Brian R. Morrow ownership change
15 Sep 20
4
ROSS STORES / Travis Marquette ownership change
15 Sep 20
4
ROSS STORES / BARBARA RENTLER ownership change
26 Aug 20
4
ROSS STORES / MICHAEL K KOBAYASHI ownership change
26 Aug 20
4
ROSS STORES / Michael J. Hartshorn ownership change
26 Aug 20
4
ROSS STORES / Travis Marquette ownership change
26 Aug 20
Transcripts
2020 Q3
Earnings call transcript
19 Nov 20
2020 Q2
Earnings call transcript
20 Aug 20
2020 Q1
Earnings call transcript
21 May 20
2019 Q4
Earnings call transcript
3 Mar 20
2019 Q3
Earnings call transcript
21 Nov 19
2019 Q2
Earnings call transcript
22 Aug 19
2019 Q1
Earnings call transcript
23 May 19
2018 Q4
Earnings call transcript
5 Mar 19
2018 Q3
Earnings call transcript
20 Nov 18
2018 Q2
Earnings call transcript
23 Aug 18
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