|Bid||100.35 x 1400|
|Ask||100.42 x 1300|
|Day's Range||99.20 - 100.53|
|52 Week Range||66.44 - 101.49|
|PE Ratio (TTM)||23.05|
|Earnings Date||Aug 21, 2018|
|Forward Dividend & Yield||1.56 (1.56%)|
|1y Target Est||98.14|
Earnings season for the most part has come to an end. And for the most part earnings reports were pretty good. As far as the broad market goes, however, “pretty good” wasn’t quite enough.
In this article I am going to calculate the intrinsic value of The TJX Companies Inc (NYSE:TJX) by taking the expected future cash flows and discounting them to today’s value.Read More...
TJX Companies’ (TJX) 12-month forward PE (price-to-earnings) ratio was 20.0x as of August 15. The company’s forward valuation multiple has risen 14.4% since the announcement of its results for the first quarter of fiscal 2019 in May. TJX Companies’ off-price retailer peers Ross Stores (ROST) and Burlington Stores (BURL) were trading at higher forward valuation multiples of 21.2x and 24.9x, respectively, as of August 15.
Can TJX Companies Deliver Strong Growth in Fiscal Q2? TJX Companies (TJX) delivered year-over-year growth of 17.1% in its adjusted EPS (earnings per share) in the first quarter of fiscal 2019. TJX Companies’ fiscal first quarter adjusted EPS excluded a benefit of $0.17 from lower US corporate taxes resulting from the new tax law.
Can TJX Companies Deliver Strong Growth in Fiscal Q2? TJX Companies (TJX) has surpassed analysts’ sales estimates in seven out of the past nine quarters. For the second quarter of fiscal 2019, which ended on August 4, analysts expect TJX Companies’ sales to rise 7.6% on a year-over-year basis to about $9.0 billion.
Can TJX Companies Deliver Strong Growth in Fiscal Q2? TJX Companies (TJX) plans to declare its results for fiscal Q2 2019 on August 21. The period ended on August 4. As of August 15, TJX Companies stock has risen 16.9% since the company announced its results for the first quarter of fiscal 2019 in May. Overall, the company’s stock has moved up by 29.5% on a YTD (year-to-date) basis.
David Einhorn was once considered one of the best stock pickers on Wall Street, and his fund, Greenlight Capital, was the cream of the crop in the hedge fund world. Year-to-date, Greenlight Capital is down 18%. Now, Einhorn and company are apparently looking in the retail sector for winners to help boost the fund’s performance.
TJX Companies (TJX) is likely to gain from its aggressive store plans, off-price model and efforts to drive e-commerce sales. These should help offset cost hurdles.
Spending at retailers is predicted to climb at least 4.5%, compared with a prior forecast range of 3.8% to 4.4%, per the National Retail Federation.
The Zacks Analyst Blog Highlights: Amazon.com, Ross Stores, TJX, Kohl's and American Eagle Outfitters
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ING ...
The TJX Companies, Inc. (TJX) today announced that it plans to release its second quarter Fiscal 2019 sales and earnings results on Tuesday, August 21, 2018, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Ernie Herrman, TJX’s Chief Executive Officer and President, will hold a conference call to discuss the Company’s second quarter Fiscal 2019 results, operations and business trends. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide.
TJX has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
As of July 31, Ross Stores (ROST) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.0x. The company’s valuation multiple has risen 5.0% since the announcement of the company’s fiscal first-quarter results in May. As discussed in part three of this series, Ross Stores raised its EPS (earnings per share) guidance for fiscal 2018. As of July 31, Ross Stores’ forward PE was higher than TJX Companies’ (TJX) forward PE ratio of 19.6x.
At the start of an analysts conference call on CBS earnings that was also broadcast on business television network CNBC, the company said it would not take questions about Moonves' reported behaviour or its legal battle with majority shareholder Shari Redstone over control of the U.S. media group. Moonves said the company's digital business, which includes Showtime and CBS All Access streaming services, will grow to 16 million domestic subscribers by 2022, up from a prior forecast for 8 million subscribers by 2020. CBS, whose shows include popular sitcom "The Big Bang Theory," said advertising revenue during the second quarter rose slightly to $1.32 billion (1.01 billion pounds).
Ralph Lauren earnings and sales surpassed first-quarter expectations Tuesday, sending the stock briefly past an entry point and into buy territory.
Ross Stores (ROST) has generated same-store sales growth for 37 consecutive quarters. Such consistent performance reflects the company’s ability to thrive even amid challenging market conditions. In fiscal 2017, which ended on February 3, Ross Stores’ same-store sales grew 4%.
On July 30, Cowen and Company raised its price target for Ross Stores (ROST) stock to $101 from $85. On June 22, Wedbush initiated coverage on Ross Stores with a “neutral” rating and a price target of $90. On June 11, Guggenheim increased its price target for Ross Stores to $95 from $85.