|Bid||53.20 x 800|
|Ask||53.21 x 1300|
|Day's Range||52.70 - 53.24|
|52 Week Range||41.49 - 56.64|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||21.85|
|Earnings Date||May 21, 2019|
|Forward Dividend & Yield||0.92 (1.68%)|
|1y Target Est||57.52|
A couple of key events this week that will be grabbing the attention of market watchers include the FOMC meeting minutes and retail earnings.
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TJX, the parent company of TJMaxx, is the biggest of the off-price retailers, a segment of the industry that’s been more insulated against Amazon and other e-commerce incursions.
The top two off-price retailers have a unique ability to shrug off the headwinds that often undermine their rivals' results.
This market can't seem to make up its mind, Jim Cramer told his Mad Money viewers Friday. Trade will be top of mind on Monday, Cramer said, as we wait to see if there will be any additional retaliation from China. Cramer said rainy weather could impact Home Depot's lucrative gardening season, but TJX should do well as that company buys merchandise, not from China, but from other retailers.
Let's see if investors should consider buying TJX stock before its Q1 earnings results after retail bellwethers Walmart (WMT) and Macy's (M) showed positive same-store sales growth and continued e-commerce expansion.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar shifts to retail next week at a very interesting time. With trade tensions rising, earnings reports in the sector need to be watched closely.Industry leader Walmart (NYSE:WMT) reported this week, posting strong results in its fiscal first quarter. But in the wake of potential 25% tariffs on Chinese goods, the retail giant announced it would raise prices. That commentary appears to have dampened a rally in WMT stock, which gained just 1.4% despite handily beating earnings estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe response to Walmart earnings sets up several interesting earnings reports last week as other retail leaders disclose their own fiscal Q1 numbers. Given a strong economy and high consumer confidence, more earnings beats seem likely. But with the trade war an obvious near-term concern, it may be that next week, too, it's forward-looking commentary, rather than backward-looking numbers, that capture investor attention.And given the companies reporting next week, that could drive trading as earnings season winds down. Key auto parts retailers Advance Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO) will try and reverse recent declines while facing significant potential tariff exposure. Walmart's key brick-and-mortar retailer may detail its own challenges and its plan to respond. The two housing leaders report. And the off-price channel sees a pair of key earnings reports. * 10 Baby Boomer Stocks to Buy Next week would have been big for the retail sector regardless. With recent developments, it might be huge for the entire market. Home Depot (HD)Source: Shutterstock Earnings Report Date: Tuesday, May 21, before market openThere might not be a better stock than Home Depot (NYSE:HD) to give a read on the current market. Home Depot's exposure to housing has been a drag on the stock of late: HD stock actually has been flat since the beginning of last year. Even with housing stocks recovering nicely this year, HD has weakened in recent weeks. Earnings from Home Depot should give a read on how the market is performing … and also reflect consumer sentiment in the key repair and remodel category.Home Depot also has direct exposure to the new tariffs and indirect exposure to the potential economic harm they could cause. And so the commentary from Home Depot management and the reaction in HD stock on Tuesday both should be watched closely. Do Home Depot executives believe the economy is strong enough to withstand more tariffs? And will investors believe them?Home Depot also has the nagging problem of a potential revival at competitor Lowe's Companies (NYSE:LOW). Lowe's reports on Wednesday morning, adding another data point regarding strength in the sector … and another potential mover for HD stock. TJX Companies (TJX)Source: Mike Mozart via FlickrEarnings Report Date: Tuesday, May 21, before market openOff-price retailers, including industry leader TJX Companies (NYSE:TJX), have largely escaped the worries about competition from Amazon (NASDAQ:AMZN) and other retailers. TJX stock took a hit in the Q4 market selloff, but recently challenged 2018 highs before pulling back of late.Here, too, tariffs likely will be a key part of the post-earnings discussion. Like Home Depot, TJX sees a rival report next week: Ross Stores (NASDAQ:ROST) is scheduled to release Q1 earnings after the close on Thursday. * Top 7 Dow Jones Stocks of 2019 -- So Far These two earnings reports likely won't have the same potentially market-moving impact as those from Home Depot and Lowe's. But for a sector whose valuations have returned to the past level, and which remains surprisingly immune to e-commerce, the key will be stability. TJX needs to show that growth is continuing … and that its moat remains intact. With so many uncertainties already in this market, investors don't want to deal with anymore. Target (TGT)Source: Mike Mozart via Flickr (Modified)Earnings Report Date: Wednesday, May 22, before market openTarget Corporation (NYSE:TGT) heads into its Q1 earnings report in need of good news. The rollout of one-day shipping from Amazon in late April sent TGT shares tumbling, and they haven't recovered yet. Tariff concerns likely are weighing on TGT stock as well, given the company doesn't have quite the same scale as WMT and that Target already is spending heavily on its omnichannel initiatives.That spend is a key reason why I've remained skeptical toward TGT stock … and it leaves the company with little room for error on Wednesday morning. If Walmart, which is relentless in its focus, is raising prices, Target may have to do the same.But those higher prices may push consumers away, hitting the traffic growth the company needs to leverage its rising operating expenses. It makes Target somewhat of a microcosm for the fears about tariff impacts more generally. And it makes the reaction to Target earnings a potential sign of what might be to come for U.S. stocks.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Hibbett's (HIBB) solid omni-channel and store rationalization efforts should aid top and bottom-line growth in first-quarter fiscal 2020. However, soft margins are concerning.
Lowe's (LOW) customer-centric approach as well as robust marketing and merchandising efforts bode well. These may favorably impact first-quarter results.
Wayfair, the Boston-based online furniture retailer, joined the ranks of Massachusetts businesses with a spot on Fortune magazine’s list of 500 of the highest-grossing companies in the United States.
Increased focus on discounted retailing and rising number of active customers may provide cushion to Vishop's (VIPS) Q1 results. Also, it is on track to improve margins via cost containment efforts.
Michaels (MIK) grapples with soft margins due to elevated costs. But its focus on delivering enhanced omni-channel experience by integrating e-commerce and in-store operations looks promising.
It's time to take a look at why Target stock might be worth buying as the company heads into its first quarter 2019 earnings results on Wednesday, May 22.
Baird Gives TJX an 'Outperform' Rating ahead of Q1 Results(Continued from Prior Part)First-quarter earningsTJX Companies’ (TJX) earnings beat analysts’ expectations in three out of four quarters of fiscal 2019 and were in line with estimates in
Baird Gives TJX an 'Outperform' Rating ahead of Q1 Results(Continued from Prior Part)Sales growth trendTJX Companies’ (TJX) sales have beaten analysts’ expectations for five consecutive quarters. The company’s sales grew 1.5% to $11.1 billion
Baird Gives TJX an 'Outperform' Rating ahead of Q1 ResultsBaird initiates coverageOn May 14, Baird initiated coverage of TJX Companies (TJX) stock with an “outperform” rating and a price target of $63. Baird believes TJX Companies can sustain
Macy's (M) continued to register positive comparable sales and witnessed double-digit growth in the digital business during the first quarter of fiscal 2019.
TJX Companies Inc NYSE:TJXView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for TJX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TJX. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding TJX totaled $5.72 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. TJX credit default swap spreads are at their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Lorraine Hutchinson, retail analyst at Bank of America Merrill Lynch, and CNBC's Courtney Reagan join "The Exchange" to discuss the impact of tariffs between the U.S. and China on the retail sector.