In the latest trading session, TJX (TJX - Free Report) closed at $45.81, marking a -0.63% move from the previous day. This change lagged the S&P 500's daily loss of 0.02%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 12.42% in the past month. In that same time, the Retail-Wholesale sector lost 2.11%, while the S&P 500 lost 2.56%.
Investors will be hoping for strength from TJX as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, TJX is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 1.45%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.98 billion, up 0.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.45 per share and revenue of $38.83 billion. These totals would mark changes of +21.29% and +8.26%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TJX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.78% lower within the past month. TJX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, TJX is holding a Forward P/E ratio of 18.85. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 18.85.
Investors should also note that TJX has a PEG ratio of 1.73 right now. 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 1.49 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 184, putting it in the bottom 28% 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.
To follow TJX in the coming trading sessions, be sure to utilize Zacks.com.