|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||108.19 - 109.65|
|52 Week Range||66.44 - 111.91|
|PE Ratio (TTM)||23.39|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||1.56 (1.43%)|
|1y Target Est||113.71|
Microsoft, MercadoLibre, Target, Burlington Stores and TJX highlighted as Zacks Bull and Bear of the Day
The TJX Companies, Inc. (TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced today that Rosemary T. Berkery has been elected to its Board of Directors. Ms. Berkery, age 65, was Chairman of UBS Bank USA and Vice Chairman of UBS Wealth Management Americas, a bank and a wealth management firm, from March 2010 until April 2018, also serving as CEO of UBS Bank USA from March 2010 until December 2015. Before joining UBS, she held a variety of roles over more than 25 years at Merrill Lynch & Co., Inc., the global securities and financial services business, until her departure in January 2009, including Executive Vice President and General Counsel from 2001 and Vice Chairman from 2007.
TJX Companies announced Monday a 2-for-1 split of its common stock, to be effected in the form a stock dividend. The discount retailer's stock was down 0.7% in afternoon trade. If approved at the shareholders meeting scheduled for Oct. 22, the stock dividend will be distributed on Nov. 6 to shareholders of record on Oct. 30. Separately, the company declared a regular quarterly dividend of 39 cents a share, on a pre-split basis, to be payable Dec. 6 to shareholders of record on Nov. 15. "TJX has a long and successful track record, and this stock split underscores our great confidence in the continued success of our company," said Chief Executive Ernie Herrman. Earlier, shoe retailer Steve Madden Ltd. had announced a 3-for-2 stock split. The stock has soared 46.5% over the past months, closing at a record $111.44 on Sept. 4. In comparison, the SPDR S&P Retail ETF has rallied 24.8% and the S&P 500 has climbed 15.8%.
The TJX Companies, Inc. (TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced that its Board of Directors has approved a 2-for-1 stock split of the Company’s common stock by means of a stock dividend. Implementation of the stock split is subject to approval by TJX shareholders of an increase in the number of authorized shares of the Company’s common stock from 1.2 billion shares to 1.8 billion shares, and related Board approval. The increase will be voted on at a special shareholders meeting that is anticipated to be held on October 22, 2018, at which shareholders of record on September 27, 2018 would be entitled to vote.
David Einhorn (Trades, Portfolio), an investor whose talents won him acclaim with his Greenlight hedge fund since its founding in 1996, hit a bad patch this year. Warning! GuruFocus has detected 8 Warning Signs with AAPL. General Motors (GM), which is about 26% of his long portfolio, sank 15% year to date.
Amazon (AMZN) is steadily changing minds. Apparel retailer J.Crew has now joined the growing list of big-name retailers lining up to sell their items on Amazon’s online marketplace. It once rejected the idea of listing products on Amazon’s platform. But times have changed, and understanding seems to have gotten better. And maybe J.Crew is betting that the potential benefits of selling on Amazon will outweigh the risks of doing so since Amazon is currently its competitor in the apparel retail business.
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Jim Cramer zooms through his take on fans' favorite stocks in a special edition of the lightning round.
According to Deloitte's annual holiday retail sales forecast, sales are expected to jump over 5% to $1.1 trillion between the period of November and January.