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 - Free Report) closed the most recent trading day at $147.33, moving +1.9% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The parent of T.J. Maxx, Marshalls and other stores's stock has climbed by 14.25% in the past month, exceeding the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of TJX in its upcoming release. The company is predicted to post an EPS of $1.33, indicating a 3.91% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.81 billion, up 4.61% from the year-ago period.
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.
It is also important to note the recent changes to analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. TJX is currently a Zacks Rank #3 (Hold).
Looking at valuation, TJX is presently trading at a Forward P/E ratio of 27.71. Its industry sports an average Forward P/E of 22.48, so one might conclude that TJX is trading at a premium comparatively.
One should further note that TJX currently holds a PEG ratio of 2.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TJX's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 5, finds itself in the top 3% echelons of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But TJX (TJX) Gained Today
TJX (TJX - Free Report) closed the most recent trading day at $147.33, moving +1.9% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The parent of T.J. Maxx, Marshalls and other stores's stock has climbed by 14.25% in the past month, exceeding the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of TJX in its upcoming release. The company is predicted to post an EPS of $1.33, indicating a 3.91% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.81 billion, up 4.61% from the year-ago period.
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.
It is also important to note the recent changes to analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. TJX is currently a Zacks Rank #3 (Hold).
Looking at valuation, TJX is presently trading at a Forward P/E ratio of 27.71. Its industry sports an average Forward P/E of 22.48, so one might conclude that TJX is trading at a premium comparatively.
One should further note that TJX currently holds a PEG ratio of 2.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TJX's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 5, finds itself in the top 3% echelons of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.