|Bid||42.06 x 900|
|Ask||43.89 x 900|
|Day's Range||41.92 - 45.54|
|52 Week Range||32.72 - 64.95|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||16.40|
|Earnings Date||May 18, 2020|
|Forward Dividend & Yield||0.92 (2.10%)|
|Ex-Dividend Date||Feb 11, 2020|
|1y Target Est||61.38|
Moody's Investors Service, ("Moody's") today affirmed Ross Stores, Inc.'s ("Ross") senior unsecured rating at A2 and assigned a rating of A2 to its proposed senior unsecured notes offering. "Its excellent liquidity will enable the company to navigate the unprecedented disruption caused by the coronavirus pandemic and the potential for suppressed consumer demand", Boni added.
Companies that have already spent large amounts of money on buybacks are very likely to dramatically reduce their repurchases, an analyst warns.
Moody's Investors Service ("Moody's") today affirmed TJX Companies, Inc. (The) ("TJX") senior unsecured rating at A2 and commercial paper rating at Prime-1. Ratings could be downgraded if financial policies become more aggressive or operating performance remains pressured such that debt/EBITDA was sustained above 2.5x or retained cash flow/ net debt was sustained below 30%.
The Zacks Analyst Blog Highlights: Walt Disney, General Electric, Fiserv, S&P Global and TJX Companies
This current bear market is similar to 1987 in terms of the speed of the decline. When it bottoms has yet to be determined, but one thing is for certain, it will find a bottom. In fact, that is exactly what the market is doing, discovering price and searching for a bottom, asserts Kelley Wright, income investing expert and editor of Investment Quality Trends.
As a $2 trillion relief package makes its way through the U.S. Congress, some investors are finding bargains in consumer discretionary stocks that have been battered in the wake of the coronavirus pandemic. Provisions in the bill aimed at expanding unemployment benefits and supporting industries hit hardest by the pandemic - and thus keeping consumers' paychecks intact - would provide a boost to the sector, said Brian Jacobsen, a multi-asset strategist at Wells Fargo Asset Management. Nancy Tengler, chief investment officer of Laffer Tengler Investments, said her firm recently bought shares in Chipotle Mexican Grill Inc and off-price retailer TJX Companies Inc, and added to positions in Starbucks Corp and McDonald's Corp.
Already facing cash flow issues, Burlington-based manufacturer Circor International Inc. has borrowed $80 million from banks to help it during the coronavirus outbreak. Circor (NYSE: CIR) on Friday drew down more than half of a $150 million line of credit, according to a securities filing this week. The manufacturer, which makes components such as valves that are used by aerospace and other firms, is the latest publicly traded Massachusetts-based firm that’s tapped into credit in the face of the coronavirus.
Many retailers are announcing temporary store closures and withdrawing their guidance in response to the coronavirus pandemic.
Furniture chain Art Van, with a big presence in the Chicago area, is closing and liquidating all its stores after 61 years.
TJX Companies (TJX) closes its stores across the United States, Canada, Europe and Australia due to coronavirus concerns. Also, management withdraws its outlook for the first quarter and fiscal 2021.
The TJX Companies, Inc. (NYSE: TJX), today issued the following statement from TJX CEO and President Ernie Herrman following the Company’s COVID-19 Update press release on Thursday, March 19:
Is your favorite retailer open? Major shopping center operators in the Triad are leaving that up to their tenants, but properties that remain open are taking preventive measures, including the reduction of store hours.
Discount store operator TJX Cos Inc said on Thursday it was drawing down $1 billion from its existing credit line and suspending its share buyback program to maintain liquidity in a difficult period brought on by the coronavirus pandemic. Smaller rivals Ross Stores Inc and Burlington Stores Inc also suspended their buyback programs on Thursday, with Ross saying it would draw down $800 million from its existing credit line.
Citing the COVID-19 pandemic, the parent company of several retailers, including T.J. Maxx and Marshalls, said the closures go into effect today and are scheduled to last two weeks.
TJX Companies , the parent of T.J. Maxx, Marshalls and HomeGoods store chains, said Thursday it was suspending its stock repurchase program, evaluating its dividend program and cutting capital expenditures as it looks to maintain financial liquidity and flexibility given uncertainties related to the COVID-19 pandemic. The company's current dividend yield was 2.25%, compared with the implied yield for the S&P 500 of 2.52%. The retailer said it was also drawing down $1 billion from its credit facilities, and withdrawing its financial guidance. And starting Thursday, TJX said it is closing all of its stores in the U.S., Canada, Europe and Australia for two weeks, and temporarily closing its distribution centers and offices. The company said it plans to pay its store, distribution center and office employees for two weeks during the closures. The stock was little changed in midday trading, erasing an earlier gain of as much as 3.7%. Over the past month, the stock has slid 36.0%, while the SPDR S&P Retail ETF has declined 34.4% and the Dow Jones Industrial Average has lost 31.3%.
The TJX Companies, Inc. (NYSE: TJX), today announced several actions related to its response to the rapidly changing market uncertainty from the COVID-19 pandemic.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does TJX (TJX) have what it takes? Let's find out.
Today we'll take a closer look at The TJX Companies, Inc. (NYSE:TJX) from a dividend investor's perspective. Owning a...