SEC Form SC 13G/A filed

2/16/21 12:23:39 PM ET

Clothing/Shoe/Accessory Stores

Consumer Discretionary

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SC 13G/A 1 rost13gadec20.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3) ROSS STORES, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 778296103 (CUSIP NUMBER) December 31, 2020 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. ROWE PRICE ASSOCIATES, INC. 52-0556948 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 17,724,130 6. Shared Voting Power* 0 7. Sole Dispositive Power* 47,968,112 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 47,968,112 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 13.4% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: ROSS STORES, INC. Item 1(b) Address of Issuer's Principal Executive Offices: 5130 HACIENDA DRIVE, DUBLIN, CALIFORNIA 94568 Item 2(a) Name of Person(s) Filing: (1) T. ROWE PRICE ASSOCIATES, INC. ("Price Associates") Item 2(b) Address of Principal Business Office: 100 E. Pratt Street, Baltimore, MD 21202 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 778296103 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Associates. (2) With respect to securities owned by any one of the T. Rowe Price Funds, only the custodian for each of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions so paid. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. ROWE PRICE ASSOCIATES, INC. Date: February 16, 2021 Signature: /s/ David Oestreicher Name & Title: David Oestreicher, Executive Vice President 12/31/2020

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Recent Analyst Ratings for

$ROST

Date	Price Target	Rating	Analyst
5/18/2026	$270.00	Buy	Truist
3/4/2026	$220.00 → $240.00	Market Perform → Outperform	Telsey Advisory Group
2/25/2026	$175.00 → $220.00	Market Perform	Telsey Advisory Group
1/8/2026		Buy	Deutsche Bank
12/10/2025	$199.00	Buy	Guggenheim
11/21/2025	$160.00 → $175.00	Market Perform	Telsey Advisory Group
10/31/2025		Buy	Erste Group
10/15/2025		Neutral	BTIG Research

More analyst ratings

SEC Form SC 13G/A filed

2/16/21 12:23:39 PM ET

$ROST

Clothing/Shoe/Accessory Stores

Consumer Discretionary

Get the next $ROST alert in real time by email

Recent Analyst Ratings for

$ROST

Date	Price Target	Rating	Analyst
5/18/2026	$270.00	Buy	Truist
3/4/2026	$220.00 → $240.00	Market Perform → Outperform	Telsey Advisory Group
2/25/2026	$175.00 → $220.00	Market Perform	Telsey Advisory Group
1/8/2026		Buy	Deutsche Bank
12/10/2025	$199.00	Buy	Guggenheim
11/21/2025	$160.00 → $175.00	Market Perform	Telsey Advisory Group
10/31/2025		Buy	Erste Group
10/15/2025		Neutral	BTIG Research

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SEC Form SC 13G/A filed

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SEC Filings

SEC Form 10-Q filed by Ross Stores Inc.

Ross Stores Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 144 filed by Ross Stores Inc.

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Insider Trading

Director Garrett Sharon D gifted 1,354 shares and received a gift of 1,354 shares, decreasing direct ownership by 39% to 2,113 units (SEC Form 4)

Director Mueller Patricia H gifted 1,354 shares and received a gift of 1,354 shares, decreasing direct ownership by 39% to 2,113 units (SEC Form 4)

Director Bjorklund Gunnar K was granted 1,539 shares, increasing direct ownership by 7% to 24,481 units (SEC Form 4)

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Press Releases

Ross Stores Reports Robust First Quarter Sales and Earnings Results, Significantly Exceeding Guidance

Ross Stores Announces Quarterly Dividend

Ross Stores, Inc. Announces First Quarter 2026 Earnings Release and Conference Call

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Analyst Ratings

Truist initiated coverage on Ross Stores with a new price target

Ross Stores upgraded by Telsey Advisory Group with a new price target

Telsey Advisory Group reiterated coverage on Ross Stores with a new price target

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Insider Purchases

Fleming Karen was granted 3,447 shares and bought $5,230 worth of shares (35 units at $147.51), increasing direct ownership by 6% to 65,608 units (SEC Form 4)

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Leadership Updates

Proficient Auto Logistics Appoints Brenda Frank to Board of Directors

Ross Stores Appoints Karen Fleming President and Chief Merchandising Officer of dd's DISCOUNTS

Ross Stores Appoints Stephen Brinkley as President, Operations

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Financials

Ross Stores Reports Robust First Quarter Sales and Earnings Results, Significantly Exceeding Guidance

Ross Stores Announces Quarterly Dividend

Ross Stores, Inc. Announces First Quarter 2026 Earnings Release and Conference Call

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Ross Stores Inc.