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TJX (TJX) Stock Declines While Market Improves: Some Information for Investors
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TJX (TJX - Free Report) closed the most recent trading day at $140.71, moving -1.37% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day.
Heading into today, shares of the parent of T.J. Maxx, Marshalls and other stores had gained 1.92% over the past month, outpacing the Retail-Wholesale sector's loss of 2.75% and lagging the S&P 500's gain of 3.68%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. The company is predicted to post an EPS of $1.21, indicating a 6.14% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $14.75 billion, indicating a 4.91% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.64 per share and revenue of $60 billion, indicating changes of +8.92% and +6.47%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% higher. At present, TJX boasts a Zacks Rank of #2 (Buy).
With respect to valuation, TJX is currently being traded at a Forward P/E ratio of 30.76. This expresses a premium compared to the average Forward P/E of 22.72 of its industry.
One should further note that TJX currently holds a PEG ratio of 3.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.58 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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TJX (TJX) Stock Declines While Market Improves: Some Information for Investors
TJX (TJX - Free Report) closed the most recent trading day at $140.71, moving -1.37% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day.
Heading into today, shares of the parent of T.J. Maxx, Marshalls and other stores had gained 1.92% over the past month, outpacing the Retail-Wholesale sector's loss of 2.75% and lagging the S&P 500's gain of 3.68%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. The company is predicted to post an EPS of $1.21, indicating a 6.14% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $14.75 billion, indicating a 4.91% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.64 per share and revenue of $60 billion, indicating changes of +8.92% and +6.47%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% higher. At present, TJX boasts a Zacks Rank of #2 (Buy).
With respect to valuation, TJX is currently being traded at a Forward P/E ratio of 30.76. This expresses a premium compared to the average Forward P/E of 22.72 of its industry.
One should further note that TJX currently holds a PEG ratio of 3.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.58 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.