ROSS STORES (ROST)

EARNINGS RELEASE - AUGUST 20 (AMC)

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:         -.26/share     REV:  2,470/M
___________________________________________________________
     NEXT QTR:  EPS:           .82/share    REV:   3,630/M
____________________________________________________________
     FULL YR:     EPS:           .91/share    REV:   12,420/M
____________________________________________________________

     LAST QTR:  EPS:          .03/share     ACTUAL:  -.87/share  (MISS)

____________________________________________________________

BEAT/MISS RECORD:  66% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) –5.16, -3.12, -3.02

EXPECTED JUMP MOVE THIS QUARTER:  8%

——–

*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin

Links To Latest News and Headlines

29 Oct, 2020 @ 20:06 by Yahoo! Finance

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

26 Oct, 2020 @ 12:30 by Yahoo! Finance

Ross Stores announces the recent opening of 30 Ross Dress for Less® (“Ross”) and nine dd's DISCOUNTS® stores across 17 different states in October. These new locations complete the Company's store growth plans for fiscal 2020 with the addition of 66 new stores.

Ross Stores, Inc. (NASDAQ: ROST) (the “Company”) today announced the closing on October 21, 2020 of its previously announced public offering of $500 million aggregate principal amount of 0.875% senior notes due 2026 (the “2026 notes”) and $500 million aggregate principal amount of 1.875% senior notes due 2031 (the “2031 notes”). The sale of the 2026 notes and 2031 notes resulted in net proceeds of approximately $987.2 million, after deducting underwriting discounts and estimated transaction expenses. The Company used the net proceeds from the offering to fund the early settlement of its pending tender offers.

Ross Stores, Inc. (NASDAQ: ROST) (the “Company”) today announced the expected settlement date of October 22, 2020 (the “Early Settlement Date”) and the Total Consideration (as set forth in the Offer to Purchase (as defined below)) to be paid at the Early Settlement Date, for the Securities (as defined below) that were validly tendered at or prior to the Early Tender Date (as set forth in the Offer to Purchase) and are accepted for purchase in connection with its previously announced cash tender offers (the “Tender Offers”) for up to an aggregate principal amount of the outstanding senior notes listed in the table below (the “Securities”) such that the aggregate amount payable upon settlement (exclusive of accrued and unpaid interest) for all Securities purchased in the Tender Offers does not exceed $1,000,000,000 (the “Aggregate Tender Cap”).

Ross Stores, Inc. (NASDAQ: ROST) (the “Company”) today announced the pricing of a public offering of $500 million aggregate principal amount of senior notes due 2026 (the “2026 notes”) and $500 million aggregate principal amount of senior notes due 2031 (the “2031 notes” and together with the 2026 notes, the “notes”). The 2026 notes will be issued at a price to public of 99.436% of their principal amount and will bear interest at a rate of 0.875% per annum. The 2031 notes will be issued at a price to public of 99.631% of their principal amount and will bear interest at a rate of 1.875% per annum. The Company intends to use the net proceeds from this offering to fund the repurchase of certain of its outstanding senior notes that have been validly tendered and not withdrawn prior to the early tender date of the Company’s previously announced tender offers. The offering of the notes is anticipated to settle on October 21, 2020, subject to customary closing conditions.

StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.

“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up  Looking forward to having you on-board ASAP”

There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory. 

Members who are too busy to manual trade can use Trade Assist. For more information visit here

Avg Daily Volume: 3,244,403    Market Cap: 30.62B
Sector: Services    Short Interest: 1.18

Ticker delayed 20 minutes

JUMP BACK

NOTICE: All material on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.