ROSS STORES, INC.
ROST · Retail-Family Clothing Stores · 320.8M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $805M (gross $950M, SBC $145M)
Reference price $216.95 · est. market cap ~$69.6B — last insider sale, 2026-03-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A84Off-price retailer with strong profitability, elite free cash flow, and low leverage.
Strengths
- Strong profitability and returns — operating margin 11.9% (77th), ROE 34.7%, ROA 13.8%
- Elite free cash flow — FCF $2.21B (90th), FCF margin 9.7% (88th)
- Low leverage — D/E 0.16 (29th)
Risks
- Tariff/inflation and consumer-spending sensitivity — risk factors flag tariffs and consumer confidence as material
- Thin quick liquidity — 1.04 (80th) — inventory-driven
- Sourcing/supply-chain exposure — qualitative (per 10-K)
Notable findings
- Customer concentration~16% of revenue from one customer/distributor — 5% 16
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $4.6B cash & investments
- Insider sellingInsider selling — 8 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$10M, last 6mo) Form 4 ↗
- AccumulatingInstitutional holders rose 15→17 QoQ (2025-12-31→2026-03-31)
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +3 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP, RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
27.7%
Operating margin
11.9%
Net margin
9.4%
Return on equity
34.7%
Return on assets
13.8%
ROIC
29.7%
Revenue growth (QoQ)
7.3%
Net-income growth
2.6%
Debt / equity
0.2×
Net debt / EBITDA
-1.1×
Current ratio
1.6×
Free cash flow
$2.2B
EBITDA
$3.2B
Tangible book value
$6.2B
Cash & investments
$4.6B
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | GARRETT SHARON D | Gift | 1.4K | — |
| 2026-05-29 | Mueller Patricia H | Gift | 1.4K | — |
| 2026-05-29 | Mueller Patricia H | Gift | 1.4K | — |
| 2026-05-29 | GARRETT SHARON D | Gift | 1.4K | — |
| 2026-05-21 | MILLIGAN STEPHEN D | Grant | 896 | — |
| 2026-05-21 | BUSH MICHAEL J | Grant | 896 | — |
| 2026-05-21 | BJORKLUND GUNNAR K | Grant | 896 | — |
| 2026-05-21 | GARRETT SHARON D | Grant | 896 | — |
| 2026-05-21 | BJORKLUND GUNNAR K | Grant | 643 | — |
| 2026-05-21 | Cannizzaro Edward G | Grant | 896 | — |
| 2026-05-21 | Sutton Doniel | Grant | 896 | — |
| 2026-05-21 | Mueller Patricia H | Grant | 896 | — |
| 2026-03-27 | Burrill Jeffrey P | Gift | 565 | — |
| 2026-03-26 | Sheehan William W II | Sell | 4.9K | $216.95 |
| 2026-03-25 | Hartshorn Michael J. | Sell | 16K | $214.91 |
| 2026-03-25 | Sykes Karen | Sell | 5.5K | $213.40 |
| 2026-03-24 | Fleming Karen | Sell | 7.0K | $212.75 |
| 2026-03-24 | Brinkley Stephen C | Sell | 4.2K | $212.91 |
| 2026-03-24 | Hartshorn Michael J. | Sell | 6.1K | $214.52 |
| 2026-03-20 | Conroy James Grant | Grant | 55K | — |
| 2026-03-20 | Sheehan William W II | Grant | 2.6K | — |
| 2026-03-20 | Sheehan William W II | Tax withheld | 4.6K | $211.19 |
| 2026-03-20 | Sykes Karen | Grant | 8.6K | — |
| 2026-03-20 | Sykes Karen | Tax withheld | 8.9K | $211.19 |
| 2026-03-20 | Fleming Karen | Grant | 13K | — |
| 2026-03-20 | Fleming Karen | Tax withheld | 9.9K | $211.19 |
| 2026-03-20 | Brinkley Stephen C | Grant | 8.6K | — |
| 2026-03-20 | Brinkley Stephen C | Tax withheld | 2.8K | $211.19 |
| 2026-03-20 | Burrill Jeffrey P | Grant | 1.7K | — |
| 2026-03-20 | Burrill Jeffrey P | Tax withheld | 3.0K | $211.19 |
| 2026-03-20 | Conroy James Grant | Tax withheld | 8.3K | $211.19 |
| 2026-03-20 | Hartshorn Michael J. | Grant | 23K | — |
| 2026-03-20 | Hartshorn Michael J. | Tax withheld | 23K | $211.19 |
| 2026-03-16 | Fleming Karen | Grant | 7.0K | — |
| 2026-03-11 | Sheehan William W II | Grant | 5.6K | — |
| 2026-03-11 | Hartshorn Michael J. | Grant | 8.5K | — |
| 2026-03-11 | Brinkley Stephen C | Grant | 6.1K | — |
| 2026-03-11 | Burrill Jeffrey P | Grant | 1.9K | — |
| 2026-03-11 | Conroy James Grant | Grant | 21K | — |
| 2026-03-11 | Sykes Karen | Grant | 6.6K | — |
| 2026-03-10 | Mueller Patricia H | Sell | 1.9K | $213.13 |
| 2026-03-10 | Sykes Karen | Sell | 2.6K | $213.91 |
| 2026-03-10 | BUSH MICHAEL J | Gift | 1.0K | — |
| 2025-10-09 | BALMUTH MICHAEL | Gift | 383 | — |
| 2025-10-08 | Brinkley Stephen C | Sell | 6.4K | $150.97 |
| 2025-10-01 | Sheehan William W II | Grant | 7.8K | — |
| 2025-10-01 | Burrill Jeffrey P | Grant | 4.6K | — |
| 2025-09-25 | Fleming Karen | Sell | 2.9K | $149.09 |
| 2025-09-24 | Conroy James Grant | Sell | 39K | $146.00 |
| 2025-09-12 | Brinkley Stephen C | Tax withheld | 6.6K | $147.90 |
| 2025-09-12 | Conroy James Grant | Tax withheld | 43K | $147.90 |
| 2025-09-12 | Fleming Karen | Tax withheld | 907 | $147.90 |
| 2025-09-12 | Orvos Adam M | Tax withheld | 7.9K | $147.90 |
| 2025-09-04 | Sykes Karen | Sell | 4.0K | $151.76 |
| 2025-09-03 | Fleming Karen | Sell | 1.0K | $151.06 |
| 2025-05-29 | GARRETT SHARON D | Gift | 1.5K | — |
| 2025-05-29 | GARRETT SHARON D | Gift | 1.5K | — |
| 2025-05-28 | Mueller Patricia H | Gift | 1.5K | — |
| 2025-05-28 | Mueller Patricia H | Gift | 1.5K | — |
| 2025-05-21 | GARRETT SHARON D | Grant | 1.2K | — |
| 2025-05-21 | BJORKLUND GUNNAR K | Grant | 1.2K | — |
| 2025-05-21 | ORBAN GEORGE | Grant | 1.2K | — |
| 2025-05-21 | BUSH MICHAEL J | Grant | 1.2K | — |
| 2025-05-21 | MILLIGAN STEPHEN D | Grant | 1.2K | — |
| 2025-05-21 | Mueller Patricia H | Grant | 1.2K | — |
| 2025-05-21 | Sutton Doniel | Grant | 1.2K | — |
| 2025-05-21 | Cannizzaro Edward G | Grant | 1.2K | — |
| 2025-04-02 | BALMUTH MICHAEL | Sell | 11K | $131.60 |
| 2025-04-02 | Sykes Karen | Sell | 5.0K | $130.48 |
| 2025-03-31 | Fleming Karen | Sell | 5.3K | $127.70 |
| 2025-03-31 | BALMUTH MICHAEL | Tax withheld | 2.6K | $127.79 |
| 2025-03-25 | Hartshorn Michael J. | Sell | 10K | $129.10 |
| 2025-03-24 | Hartshorn Michael J. | Sell | 7.5K | $127.69 |
| 2025-03-21 | Orvos Adam M | Tax withheld | 2.1K | $123.54 |
| 2025-03-21 | BALMUTH MICHAEL | Grant | 60K | — |
| 2025-03-21 | BALMUTH MICHAEL | Tax withheld | 9.1K | $123.54 |
| 2025-03-21 | Fleming Karen | Grant | 9.8K | — |
| 2025-03-21 | Fleming Karen | Tax withheld | 5.5K | $123.54 |
| 2025-03-21 | Brinkley Stephen C | Grant | 9.8K | — |
| 2025-03-21 | Brinkley Stephen C | Tax withheld | 1.5K | $123.54 |
| 2025-03-21 | Orvos Adam M | Grant | 4.9K | — |
| 2025-03-21 | KOBAYASHI MICHAEL K | Grant | 9.8K | — |
| 2025-03-21 | KOBAYASHI MICHAEL K | Tax withheld | 9.7K | $123.54 |
| 2025-03-21 | Burrill Jeffrey P | Grant | 2.0K | — |
| 2025-03-21 | Burrill Jeffrey P | Tax withheld | 1.4K | $123.54 |
| 2025-03-21 | Sykes Karen | Grant | 4.9K | — |
| 2025-03-21 | Sykes Karen | Tax withheld | 6.7K | $123.54 |
| 2025-03-21 | Hartshorn Michael J. | Grant | 25K | — |
| 2025-03-21 | Hartshorn Michael J. | Tax withheld | 18K | $123.54 |
| 2025-03-17 | Fleming Karen | Sell | 5.3K | $125.73 |
| 2025-03-14 | BUSH MICHAEL J | Gift | 500 | — |
| 2025-03-12 | Fleming Karen | Grant | 11K | — |
| 2025-03-12 | Brinkley Stephen C | Grant | 9.5K | — |
| 2025-03-12 | BALMUTH MICHAEL | Grant | 12K | — |
| 2025-03-12 | Burrill Jeffrey P | Grant | 3.2K | — |
| 2025-03-12 | Hartshorn Michael J. | Grant | 13K | — |
| 2025-03-12 | Hartshorn Michael J. | Grant | 24K | — |
| 2025-03-12 | Sykes Karen | Grant | 10K | — |
| 2025-03-12 | Conroy James Grant | Grant | 34K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-27 | Shareholder vote | filing ↗ |
| 2026-05-21 | ResultsExhibits | filing ↗ |
| 2026-03-03 | ResultsExhibits | filing ↗ |
| 2025-11-24 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-20 | ResultsExhibits | filing ↗ |
| 2025-09-02 | Exec/director change | filing ↗ |
| 2025-08-21 | ResultsExhibits | filing ↗ |
| 2025-06-30 | Material agreement1.02 | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-02 | 2026-05-02 | 0000745732-26-000032 ↗ |
| 8-K | 2026-05-27 | 2026-05-20 | 0000745732-26-000027 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0000745732-26-000025 ↗ |
| 10-K | 2026-03-31 | 2026-01-31 | 0000745732-26-000006 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0000745732-26-000003 ↗ |
| 10-Q | 2025-12-10 | 2025-11-01 | 0000745732-25-000061 ↗ |
| 8-K | 2025-11-24 | 2025-11-19 | 0000745732-25-000058 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0000745732-25-000055 ↗ |
| 10-Q | 2025-09-10 | 2025-08-02 | 0000745732-25-000052 ↗ |
| 8-K | 2025-09-02 | 2025-08-28 | 0000745732-25-000049 ↗ |
| 8-K | 2025-08-21 | 2025-08-21 | 0000745732-25-000047 ↗ |
| 8-K | 2025-06-30 | 2025-06-27 | 0000745732-25-000036 ↗ |