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TJX (TJX) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, TJX (TJX - Free Report) closed at $130.08, marking a -1.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.51%. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
The stock of parent of T.J. Maxx, Marshalls and other stores has fallen by 1.93% in the past month, leading the Retail-Wholesale sector's loss of 6.89% and undershooting the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. On that day, TJX is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 3.91%. Alongside, our most recent consensus estimate is anticipating revenue of $15.81 billion, indicating a 4.61% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.22 per share and revenue of $63.91 billion, which would represent changes of +10.36% and +5.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for TJX. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. At present, TJX boasts a Zacks Rank of #2 (Buy).
Investors should also note TJX's current valuation metrics, including its Forward P/E ratio of 25.22. For comparison, its industry has an average Forward P/E of 21.39, which means TJX is trading at a premium to the group.
Also, we should mention that TJX has a PEG ratio of 2.37. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Discount Stores was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 25, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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TJX (TJX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, TJX (TJX - Free Report) closed at $130.08, marking a -1.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.51%. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
The stock of parent of T.J. Maxx, Marshalls and other stores has fallen by 1.93% in the past month, leading the Retail-Wholesale sector's loss of 6.89% and undershooting the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. On that day, TJX is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 3.91%. Alongside, our most recent consensus estimate is anticipating revenue of $15.81 billion, indicating a 4.61% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.22 per share and revenue of $63.91 billion, which would represent changes of +10.36% and +5.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for TJX. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. At present, TJX boasts a Zacks Rank of #2 (Buy).
Investors should also note TJX's current valuation metrics, including its Forward P/E ratio of 25.22. For comparison, its industry has an average Forward P/E of 21.39, which means TJX is trading at a premium to the group.
Also, we should mention that TJX has a PEG ratio of 2.37. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Discount Stores was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 25, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.