SCHEDULE 13G/A: BlackRock Amends Stake in Ross Stores, Reports 6.9% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a 6.9% beneficial ownership stake in Ross Stores Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 22,616,546 shares of Ross Stores Inc. common stock.
- This ownership represents 6.9% of the total outstanding common shares of Ross Stores Inc.
- BlackRock holds sole voting power over 20,714,160 shares.
- BlackRock holds sole dispositive power over all 22,616,546 shares.
- The filing is an Amendment No. 17 to a Schedule 13G, indicating ongoing reporting of its passive investment.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Ross Stores Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) reporting a passive ownership stake. It contains factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure by a large institutional investor, BlackRock, detailing its passive ownership stake in a publicly traded retail company, Ross Stores Inc. It reflects BlackRock's ongoing portfolio management activities rather than a specific strategic move related to the retail industry.
Stakeholder Impact
- Shareholders of Ross Stores Inc. are informed of BlackRock's continued significant, passive ownership stake, which may provide a degree of stability given BlackRock's long-term investment horizon.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. authorizing individuals to sign SEC filings. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G amendment. |
| 2025-04-17 | Filing date of the Schedule 13G Amendment No. 17 by BlackRock, Inc. |
Keywords
BlackRock, Ross Stores Inc., Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Retail
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