|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||96.96 - 98.02|
|52 Week Range||66.44 - 98.02|
|PE Ratio (TTM)||22.30|
|Earnings Date||Aug 21, 2018|
|Forward Dividend & Yield||1.56 (1.63%)|
|1y Target Est||95.91|
Massachusetts can lay claim to 1 percent of the 500 largest companies in the world, even though its share of the global population is a fraction of that. Fortune magazine released its annual list of the world’s 500 highest-grossing companies on Thursday.
On Wednesday, July 18, 2018, the Dow Jones Industrial Average and the S&P 500 edged 0.32% and 0.22% higher, respectively at the closing bell, while the NASDAQ Composite stayed bearish, finishing marginally lower by 0.01%. Taking into consideration yesterday’s market sentiment, WallStEquities.com assessed the following Services equities this morning: Tech Data Corp. (NASDAQ: TECD), Dillard's Inc. (NYSE: DDS), The TJX Cos. Inc. (NYSE: TJX), and Walmart Inc. (NYSE: WMT).
Over the last three months, the best mutual funds have continued to focus their investments on retailers like Macy's, Kohl's and TJX, as well as medical stocks like Abiomed, Boston Scientific and UnitedHealth.
Asking the question of job applicants in Massachusetts is now illegal. But some large local companies have extended the ban to their offices in other states and countries.
Good news for CA, Inc. (NASDAQ:CA) shareholders was bad news for Broadcom (NASDAQ:AVGO) owners. The market is ultimately saying Broadcom is overpaying for the headache of integrating the two companies, however, as AVGO shares ended Thursday’s action in the red to the tune of 13.7%. On balance though, Broadcom was the exception to the norm rather than the norm yesterday.
TJX stock is the IBD Stock Of The Day as it trades slightly below a 96.92 entry point, an add-on buy point that follows a more-than-20% climb from its most recent breakout.
Retailers have been strong in 2018, notably off-price Ross Stores, TJX and Burlington Stores. Those three stocks, plus Dollar General, are in or near buy points.
As of July 5, Five Below (FIVE) was trading at a 12-month forward PE multiple of 36.4x. Since its first-quarter results on June 6, Five Below’s valuation multiple has increased ~16%.
Hobby Lobby Stores Inc., Burlington Stores Inc. and TJX Cos. are among the retailers expected to fill the spaces vacated by defunct retailer Toys “R” Us Inc., according to one of the nation’s biggest owners of open-air shopping centers. Many retailers also bid on Toys “R” Us locations in bankruptcy court, including Big Lots Inc., Scandinavian Designs, Ashley Homestores Ltd. and Ollie’s Bargain Outlet Holdings Inc., a filing shows. Many of the larger empty big-box storefronts will be filled by hobby stores soon, said Conor Flynn, chief executive of Kimco Realty Corp.
As of June 28, TJX Companies (TJX) was trading at a 12-month forward PE (price-to-earnings) ratio of 19.3x. TJX Companies’ sales and adjusted EPS (earnings per share) grew 11.6% and 17.1%, respectively, in the first quarter of fiscal 2019. For fiscal 2019, which ends on February 2, 2019, analysts expect TJX Companies’ sales to rise 6.2% to $38.1 billion.
TJX Companies’ (TJX) EPS (earnings per share), excluding the impact of one-time items, grew 17.1% to $0.96 in the first quarter of fiscal 2019, which ended on May 5. TJX Companies’ adjusted EPS in the first quarter of fiscal 2019 excluded a $0.17 benefit associated with the Tax Cuts and Jobs Act. For the second quarter of fiscal 2019, TJX Companies expects its adjusted EPS in the $0.87 to $0.89 range compared to $0.85 in the second quarter of fiscal 2018.
Cos. are among the retailers expected to fill the spaces vacated by defunct retailer Toys “R” Us Inc., according to one of the nation’s biggest owners of open-air shopping centers. , chief executive of Kimco Realty Corp., said recently many of the larger empty big-box outlets will be filled by hobby stores. “Hobby Lobby especially is very aggressive,” in that space, said Mr. Flynn last month at the Jefferies Global Consumer Conference.
TJX Companies’ (TJX) sales grew by 11.6% to $8.7 billion in the first quarter of fiscal 2019, which ended on May 5. TJX Companies’ same-store sales grew 3.0% in the first quarter of fiscal 2019. Higher customer traffic drove the company’s sales.
The majority of analysts covering TJX Companies (TJX) rate the stock a “buy.” As of June 28, TJX Companies had a “buy” recommendation from 17 out of 26 analysts covering the leading off-price retailer. Eight analysts had a “hold” rating, and one analyst had a “sell” recommendation.
TJX Companies (TJX) stock has risen 12.6% since the company announced its results for the first quarter of fiscal 2019 in May. The fiscal first quarter ended on May 5. Atlantic Equities downgraded its rating, as it doesn’t foresee a high likelihood of significant outperformance by TJX Companies in the short term. In June, UBS initiated its coverage of TJX Companies stock with a “sell” rating, and Wedbush initiated its coverage with a “neutral” rating.
The retail landscape has been undergoing a fundamental change with technology playing a major role and the focus shifting to online shopping. Be it department stores, discount retailers, supermarket chains or grocery players, all are in the race of survival of the fittest.
Pick up in retail sales is welcome news for retailers. However, unhealthy price competition to gain market share and attract footfall might weigh on margins.
TJX Companies Inc (NYSE: TJX ) shares are up 24 percent year to-date, but now appear fairly valued, according to Atlantic Equities. The Analyst Analyst Daniela Nedialkova downgraded TJX from Overweight ...