We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TJX (TJX) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
TJX (TJX - Free Report) ended the recent trading session at $142.49, demonstrating a -1.27% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.06%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
Shares of the parent of T.J. Maxx, Marshalls and other stores witnessed a gain of 3.48% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.29%, and underperforming the S&P 500's gain of 3.94%.
The upcoming earnings release of TJX will be of great interest to investors. In that report, analysts expect TJX to post earnings of $1.21 per share. This would mark year-over-year growth of 6.14%. At the same time, our most recent consensus estimate is projecting a revenue of $14.75 billion, reflecting a 4.91% rise from the equivalent quarter last year.
TJX's full-year Zacks Consensus Estimates are calling for earnings of $4.58 per share and revenue of $59.39 billion. These results would represent year-over-year changes of +7.51% and +5.37%, respectively.
Any recent changes to analyst estimates for TJX should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, TJX holds a Zacks Rank of #2 (Buy).
In the context of valuation, TJX is at present trading with a Forward P/E ratio of 31.54. This represents a premium compared to its industry average Forward P/E of 22.88.
It's also important to note that TJX currently trades at a PEG ratio of 3.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Discount Stores industry had an average PEG ratio of 2.57 as trading concluded yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 64, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TJX (TJX) Stock Declines While Market Improves: Some Information for Investors
TJX (TJX - Free Report) ended the recent trading session at $142.49, demonstrating a -1.27% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.06%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
Shares of the parent of T.J. Maxx, Marshalls and other stores witnessed a gain of 3.48% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.29%, and underperforming the S&P 500's gain of 3.94%.
The upcoming earnings release of TJX will be of great interest to investors. In that report, analysts expect TJX to post earnings of $1.21 per share. This would mark year-over-year growth of 6.14%. At the same time, our most recent consensus estimate is projecting a revenue of $14.75 billion, reflecting a 4.91% rise from the equivalent quarter last year.
TJX's full-year Zacks Consensus Estimates are calling for earnings of $4.58 per share and revenue of $59.39 billion. These results would represent year-over-year changes of +7.51% and +5.37%, respectively.
Any recent changes to analyst estimates for TJX should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, TJX holds a Zacks Rank of #2 (Buy).
In the context of valuation, TJX is at present trading with a Forward P/E ratio of 31.54. This represents a premium compared to its industry average Forward P/E of 22.88.
It's also important to note that TJX currently trades at a PEG ratio of 3.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Discount Stores industry had an average PEG ratio of 2.57 as trading concluded yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 64, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.