Vanguard Amends Ross Stores Stake; Passive Investment Update

Ticker: ROST · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment, retail

TL;DR

**Vanguard just updated their Ross Stores ownership filing, confirming their passive stake.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership stake in Ross Stores Inc. as of December 29, 2023. This filing, an amendment number 14, updates their previous disclosures regarding their passive investment in the retail company. This matters to investors because Vanguard is a significant institutional holder, and changes in their reported ownership can signal shifts in large-scale investor sentiment or portfolio rebalancing, though this specific filing doesn't detail a change in ownership percentage.

Why It Matters

This filing confirms Vanguard's continued significant, passive ownership in Ross Stores, providing transparency on a major institutional investor's position. It's an update, not necessarily a change in their actual holdings.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate risk or significant change in company fundamentals.

Analyst Insight

Investors should note that this is a routine update from a major passive investor, not an active change in strategy or a significant buy/sell signal. It primarily serves as a transparency update regarding Vanguard's existing position in Ross Stores.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like The Vanguard Group, is updating their previously reported beneficial ownership of a company's securities, in this case, Ross Stores Inc.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified with IRS Identification No. 23-1945930 and organized in Pennsylvania.

What is the subject company of this filing?

The subject company is Ross Stores Inc., a retail-family clothing store with CIK 0000745732, located at 5130 Hacienda Drive, Dublin, CA 94568.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as stated in the filing.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

From the Filing

0001104659-24-021862.txt : 20240213 0001104659-24-021862.hdr.sgml : 20240213 20240213171358 ACCESSION NUMBER: 0001104659-24-021862 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ROSS STORES, INC. CENTRAL INDEX KEY: 0000745732 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 941390387 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37304 FILM NUMBER: 24629464 BUSINESS ADDRESS: STREET 1: 5130 HACIENDA DRIVE CITY: DUBLIN STATE: CA ZIP: 94568 BUSINESS PHONE: 9259654400 MAIL ADDRESS: STREET 1: 5130 HACIENDA DRIVE CITY: DUBLIN STATE: CA ZIP: 94568 FORMER COMPANY: FORMER CONFORMED NAME: ROSS STORES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01845-rossstoresinc.htm SCHEDULE 13G/A rossstoresinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 14)* Name of issuer:  Ross Stores Inc Title of Class of Securities:  Common Stock CUSIP Number:  778296103 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  778296103 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 448,337 7.  SOLE DISPOSITIVE POWER 27,118,440 8.  SHARED DISPOSITIVE POWER 1,451,000 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,569,440 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.49% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Ross Stores Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 5130 Hacienda Drive Dublin, CA 94568-7579 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock

View on Read The Filing