TJX (TJX - Free Report) closed at $111.14 in the latest trading session, marking a -0.26% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.28%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 1.19%.
Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had gained 12.86% over the past month. This has outpaced the Retail-Wholesale sector's gain of 5.41% and the S&P 500's gain of 2.24% in that time.
Investors will be hoping for strength from TJX as it approaches its next earnings release, which is expected to be November 13, 2018. In that report, analysts expect TJX to post earnings of $1.21 per share. This would mark year-over-year growth of 21%. Our most recent consensus estimate is calling for quarterly revenue of $9.45 billion, up 7.9% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.89 per share and revenue of $38.40 billion, which would represent changes of +21.04% and +7.08%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.32% higher. TJX is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, TJX currently has a Forward P/E ratio of 22.78. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 22.78.
Also, we should mention that TJX has a PEG ratio of 2.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TJX's industry had an average PEG ratio of 1.77 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.