|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||70.75 - 71.45|
|52 Week Range||66.44 - 80.92|
|PE Ratio (TTM)||20.06|
|Forward Dividend & Yield||1.25 (1.77%)|
|1y Target Est||N/A|
The TJX Companies' (TJX) off-price model and initiatives to drive sales helps it draw traffic. However, high wage costs are likely to impact bottom line.
When looking for discounts in the retail and home furnishing sectors, shoppers often resort to TJ Maxx, Marshalls, and Home Goods, all of whom are owned by off-price retail group TJX Companies Inc (NYSE:TJX). Comparable sales growth has remained resiliently positive, despite digital commerce encroachment. Operating margins are under pressure due to wage increases, but overall, positive comps and solid gross profit improvement have powered robust earnings growth over the past decade.
Off-price retailer Ross Stores (ROST) exceeded analysts’ earnings expectations for the sixth consecutive quarter in fiscal 3Q17, which ended on October 28, 2017.
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Amazon.com is threatening to cannibalize the sales of a large swath of retailers. However, a handful of best-in-class retail companies have Amazon-proof business models.
There are two potential concerns when it comes to TJX Companies Inc (NYSE:TJX). As with all areas of retail, Amazon.com, Inc. (NASDAQ:AMZN) and other e-commerce providers create a potential competitive threat. TJX news in terms of traffic has been pretty solid, with the figure rising 2% even in what looked like a disappointing Q3 report last week.
TJX Companies (TJX) announced its fiscal 3Q18 results on November 14, 2017. Its revenue missed analysts’ estimates by 1.5%.
As the holiday shopping season approaches, it’s natural to turn toward would-be retail winners as good investments for the typical end-of-year rally. The shares fell 4% after the company reported its worst quarterly same-stores sales performance since 2009, and the big headline was that revenue missed Wall Street’s expectations.
Aside from the US, TJX Companies (TJX) operates off-price stores in Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia.
Ross Stores overcame the headwinds that hurt other retailers last quarter, posting 8% sales growth and a 16% surge in earnings per share.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. TJX Cos. • TJX-NYSE Overweight • Price $67.94 on Nov. 14 by Morgan Stanley The retailer of off-price clothes and home accessories, which operates under seven retail names, including T.J. Maxx and Marshalls, reported flat comp sales, missing both buy-side expectations and initial company guidance of 1% to 2% increases. In our view, this is a testament to the power of the off-price business model and experienced management.
The parent company of TJ Maxx, Marshalls, and Home Goods is a bright spot among retailers, but that isn’t translating into positive returns.