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Growth & Income

The TJX Companies, Inc.

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June 22, 2009 | Comment(s): 0
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TJX

Companies highlighted in this weekly wrap include The TJX Companies, Inc. (TJX - Analyst Report), Nu Skin Enterprises (NUS - Snapshot Report), Strayer Education, Inc. (STRA - Analyst Report), Phillips-Van Heusen Corp. (PVH - Snapshot Report) and Stepan Company (SCL - Snapshot Report).

The TJX Companies, Inc. (TJX - Analyst Report) continues to see bullish earnings forecasts from analysts. The current full-year consensus estimate of $2.17 per share is a penny above the estimates that were issued earlier this month, when we last featured TJX as a Growth and Income pick, and was also bumped up from projections of $2.10 over the past 30 days.

The most accurate full-year projection stands higher at $2.20 per share.

For the following year, analysts are calling for earnings of $2.37 per share, above last month’s $2.35.

The most accurate estimate is more bullish at $2.43 per share.

In early June, the company reported sales for the month of May and reiterated its outlook for the second quarter.

Same-store sales grew 5% on a year-over-year basis. Total sales jumped 4% to $1.49 billion.

The TJX Companies also noted that it continues to see earnings coming in between 43 cents and 49 cents per share for the second quarter.

Analysts are forecasting second-quarter earnings of 49 cents, up from last month’s 48 cents and the 2 months-ago estimates of 41 cents.

Read the June 04, 2009 commentary on TJX and learn about the company’s strong first quarter

Last Week's Growth and Income Zacks Rank Buy Stocks

Nu Skin Enterprises (NUS - Snapshot Report) recently declared a quarterly dividend of $0.115 per share, noting that it is payable on June 25 to shareholders of record on June 15. The company is yielding an industry-leading 3%. Read the full analysis on NUS.

Strayer Education, Inc. (STRA - Analyst Report) has seen solid share price advances against the broader market. The company has also been the subject of higher estimate revisions on a record first quarter. Read the full analysis on STRA.

Phillips-Van Heusen Corp. (PVH - Snapshot Report) is seeing bullish estimate revisions as its share price soars past the market. The current full-year earnings forecast of $2.26 per share was upped from last month’s $2.19. During the past 3 months, PVH’s shares more than tripled the S&P 500. Read the full analysis on PVH.

Stepan Company (SCL - Snapshot Report) is a solid Growth and Income pick that has also seen strong momentum lately. The stock has more than doubled the performance of the broader market over the past 3 months as analysts upped full-year earnings estimates by 36.5% to $2.77 per share. Read the full analysis on SCL.

Read the full analyst report on TJX

 

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