NasdaqGS:ROSTSpecialty Retail
Ross Stores Shelf Plan Raises Questions On Growth Uses And Valuation
Ross Stores (NasdaqGS:ROST) filed a new shelf registration for up to US$3.25b in common stock shortly after reporting a strong first quarter with robust sales and earnings.
The filing allows the company to issue shares over time, giving it flexibility to raise equity capital when it chooses.
This corporate action follows what management described as a blowout Q1, drawing attention to how Ross Stores might use additional capital.
Ross Stores operates off price apparel and home merchandise...