53.60 +0.10 (0.19%)
After hours: 7:59PM EDT
|Bid||53.56 x 1200|
|Ask||53.65 x 1100|
|Day's Range||51.62 - 53.52|
|52 Week Range||41.49 - 57.15|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||21.92|
|Forward Dividend & Yield||0.92 (1.79%)|
|1y Target Est||N/A|
The leading off-price retailer saw a slowdown in comp sales growth last quarter, but it remains on track for strong long-term growth in sales and earnings.
Target and Home Depot each have seven locations in the Islands, TJ Maxx has five, including its Marshalls stores, and Lowe's has four Hawaii stores.
Amazon and its ecommerce wave have swallowed up 10s of thousands of brick-and-mortar stores in the retail apocalypse. Retailers everywhere are scrambling to find their niche with the shifting consumer.
Off-price retailer TJX Companies Inc (NYSE: TJX) reported second-quarter results Tuesday that were notable for EPS at the high end of guidance and comps that fell short of Street estimates. Bank of America Merrill Lynch analyst Lorraine Hutchinson maintained a Buy on TJX Companies with an unchanged $65 price target.
TJX met Q2 earnings views but missed on revenue and gave weak guidance, as rival off-price apparel retailer Ross is due Thursday.
President Trump and Federal Reserve, Home Depot (HD) and TJX (TJX) earnings, a broader look at the retail industry amid the ongoing U.S.-China trade war, and why Garmin (GRMN) is a Zacks Rank 1 (Strong Buy) stock on this episode of Free Lunch.
TJX stock is falling on Tuesday morning, following the discount retailer’s disappointing second-quarter earnings report and guidance.
The major stock indexes were squarely lower in morning trade Tuesday. Home Depot surged into a buy zone after earnings.
TJX (TJX) delivered earnings and revenue surprises of 0.00% and -1.03%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- TJX Companies Inc., the owner of the Marshalls and TJ Maxx chains, reported sales growth that missed analysts’ projections, even as foot traffic into its stores continued to grow. The shares slipped.Comparable sales rose 2% in the second quarter, below the average estimate for 3% growth, according to Consensus Metrix, and down from last year’s speedier 6% pace.Key InsightsInventory swelled to $5.1 billion as of the beginning of August, up from $4.5 billion a year earlier. That could be a red flag for investors that less popular items are piling up. Similar issues have plagued other department stores in recent quarters.Still, even as same-store sales grew less than expected, the retailer’s popular “treasure hunt” shopping experience is still driving buyers into stores. The company logged its 20th straight quarter of customer traffic increases at TJX and Marmaxx, it said, setting it apart from rivals who haven’t been able to get new shoppers to visit as internet competitors grow.TJX’s results add to recent gloomy news from other retailers. Macy’s Inc. slashed its profit outlook for the year and J.C. Penney Co. missed same-store sales estimates last week.Market ReactionThe shares fell as much as 3.5% on Tuesday. TJX stock was up 15% this year through Monday’s close.Get MoreFor more on the results, click here.For the company statement, click here.(Adds shares trading)To contact the reporters on this story: Olivia Rockeman in New York at email@example.com;Jordyn Holman in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Jim Cramer in his "Mad Money" program Monday night told viewers that all retailers are not created equal. Tuesday, after the company reported earnings, however, Cramer then advised investors to wait to buy. In this daily bar chart of TJX, below, we can see a rally from late December, but over the past five to six months, prices have "rolled over" with support developing around $49.
TJX Cos. stock fell 3.5% in Tuesday premarket trading after the off-price retail company reported second-quarter sales that missed expectations and the company gave weak guidance. Net income totaled $759.0 million, or 62 cents per share, up from $739.6 million, or 58 cents per share, last year. Sales of $9.78 billion, were up from $9.33 billion in 2018. The FactSet consensus was for EPS of 62 cents and sales of $9.9 billion. Consolidated same-store sales were up 2%,, below the 3.1% growth FactSet forecast, with TJX International up 6% and Marmaxx up 2%. For the third quarter, TJX expects EPS in the range of 63 cents to 65 cents and same-store sales up 1% to 2% on a consolidated basis. The FactSet guidance is for 68 cents and same-store sales growth of 2.4%. For the year, the company is guiding for EPS of $2.56 to $2.61 with same-store sales growth of 2% to 3%. FactSet expects EPS of $2.62 with same-store sales growth of 3.3%. TJX stock has gained 15.2% for the year to date while the S&P 500 index is up 16.6% for the period.
TJX Companies (NYSE: TJX ) reported second-quarter earnings of 62 cents per share, which met the analyst consensus estimate. This is a 47.01% decrease over earnings of $1.17 per share from the same period ...
on original shows and movies for its new video streaming service that it hopes will challenge the likes of Netflix, Disney and AT&T-owned HBO. The company’s new TV+ service will go live within the next two months, according to people briefed on its plans, in an attempt to pre-empt the launch of Disney Plus, which is scheduled to debut in the US in November. Apple has not yet revealed pricing or other key details for its TV+ subscription service, but said new content would be added every month after the service launches in more than 100 countries.
Discount clothing and home decor chain TJX posts strong fiscal second-quarter earnings as consumers continue to flock to its TJ Maxx and Marmaxx-branded stores in search of what the company itself calls the 'treasure hunt' shopping experience, though lower guidance pushes its stock lower.