TJX's stock rallies as profit beat offsets same-store sales miss and downbeat outlook
Shares of TJX Companies Inc. TJX, -0.09% rallied 1.7% in premarket trading Wednesday, after the discount apparel and home fashions retailer beat fiscal first-quarter profit expectations but missed on same-store sales and provided a downbeat outlook for the current quarter. Net income for the quarter to May 4 rose to $1.07 billion, or 93 cents a share, from $891 million, or 76 cents a share, in the same period a year ago, to beat the FactSet consensus for earnings per share of 88 cents.
Off-price retailer TJX lifts annual profit forecast on strong demand, lower costs
TJX Cos raised its annual profit forecast and beat first-quarter sales estimates on Wednesday, helped by easing costs and robust demand.
The TJX Companies, Inc. (NYSE:TJX) to Post Q1 2026 Earnings of $0.98 Per Share, Telsey Advisory Group Forecasts
The TJX Companies, Inc. (NYSE:TJX – Free Report) – Stock analysts at Telsey Advisory Group issued their Q1 2026 EPS estimates for TJX Companies in a research report issued on Friday, May 17th. Telsey Advisory Group analyst D. Telsey forecasts that the apparel and home fashions retailer will post earnings per share of $0.98 for the quarter. Telsey Advisory Group currently has a “Outperform” rating and a $112.00 price target on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $4.10 per share. Telsey Advisory Group also issued estimates for TJX Companies’ Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.19 EPS and Q4 2026 earnings at $1.33 EPS. Several other brokerages have also weighed in on TJX. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. TD Cowen lifted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Finally, Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, February 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.71. Check Out Our Latest Stock Report on TJX TJX Companies Stock Up 1.4 % TJX opened at $100.29 on Monday. The stock’s fifty day simple moving average is $97.05 and its 200 day simple moving average is $94.83. TJX Companies has a 1-year low of $75.65 and a 1-year high of $102.84. The stock has a market cap of $113.63 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.87. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Institutional Investors Weigh In On TJX Companies Hedge funds have recently added to or reduced their stakes in the company. Manhattan West Asset Management LLC raised its holdings in shares of TJX Companies by 0.4% in the 1st quarter. Manhattan West Asset Management LLC now owns 24,670 shares of the apparel and home fashions retailer’s stock worth $2,502,000 after acquiring an additional 103 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in shares of TJX Companies by 3.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after purchasing an additional 104 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in shares of TJX Companies by 3.7% during the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after purchasing an additional 104 shares in the last quarter. Tandem Investment Advisors Inc. boosted its holdings in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after purchasing an additional 106 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in TJX Companies by 2.6% in the 1st quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock worth $427,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock. Insider Activity at TJX Companies In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders. TJX Companies Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.50%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is currently 38.86%. TJX Companies announced that its Board of Directors has approved a share buyback plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued. TJX Companies Company Profile (Get Free Report) The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.
The TJX Companies (TJX) Q1 Earnings Coming Up: Factors to Note
The TJX Companies, Inc. (TJX Quick QuoteTJX - Free Report) is likely to register top- and bottom-line growth when it reports first-quarter fiscal 2025 earnings on May 22.The Zacks Consensus Estimate for quarterly revenues is pegged at $12.5 billion, suggesting an increase of 5.8% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 87 cents per share, indicating 14.5% growth from the year-ago quarter’s figure. The off-price retailer has a trailing four-quarter earnings surprise of 6.3%, on average.The TJX Companies, Inc. Price and EPS Surprise The TJX Companies, Inc. price-eps-surprise | The TJX Companies, Inc. Quote Things To NoteThe TJX Companies is experiencing positive trends in the Marmaxx segment, supported by strong performance in apparel and home goods categories. Robust momentum in its HomeGoods division, courtesy of the rise in customer traffic, bodes well.The company is dedicated to enhancing growth through effective marketing strategies and loyalty programs. Management is also on track with several initiatives to strengthen its e-commerce business. The continuation of these trends is likely to have aided TJX’s performance in the to-be-reported quarter.For the fiscal first quarter, it expects an overall comparable store sales increase of 2-3%. Management expects a quarterly pretax profit margin of 10.5-10.6% for the quarter under review. Management envisions fiscal first-quarter earnings per share (EPS) in the range of 84-86 cents, reflecting year-over-year growth.Yet, the company is not immune to the adverse impacts of the high cost of sales and operating expenses. Management anticipates fiscal first-quarter SG&A expenses, as a percentage of sales of 19.5%, up 50 basis points, thanks to incremental store wage and payroll costs.Unlocking Value in TJXFrom a valuation perspective, TJX Companies’ shares present an attractive opportunity, trading at a discount relative to industry benchmarks. With a forward 12-month price-to-earnings ratio of 23.78, below the industry’s average of 29.61, the stock offers compelling value for investors seeking exposure to the sector.Recent market movements show TJX’s shares rising 2.2% in the past three months compared with the industry’s growth of 4.9%. Trading at $100.29 as of May 17, the company’s shares are likely to gain momentum, as our proven model predicts that the company is likely to beat earnings estimates in the impending release.What the Zacks Model UnveilsOur proven model predicts an earnings beat for The TJX Companies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. The TJX Companies has a Zacks Rank #2 and an Earnings ESP of +3.47% at present.More Stocks With Favorable CombinationHere are some more companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.Dollar Tree (DLTR Quick QuoteDLTR - Free Report) currently has an Earnings ESP of +2.24% and a Zacks Rank of 3. The company is likely to register a top-line increase when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for Dollar Tree’s quarterly revenues is pegged at $7.6 billion, suggesting growth of 4.3% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here. However, the Zacks Consensus Estimate for Dollar Tree’s quarterly earnings of $1.45 suggests a drop of 1.4% from the year-ago quarter’s levels. DLTR has a trailing four-quarter negative earnings surprise of 1.9%, on average.Macy’s (M Quick QuoteM - Free Report) currently has an Earnings ESP of +48.57% and a Zacks Rank of 3. The company is likely to register a decline in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly EPS of 18 cents suggests a sharp decline from the year-ago tally of 56 cents.Macy’s top line is also expected to decrease year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $4.82 billion, which suggests a decline of 3.2% from the prior-year quarter’s figure. Macy’s has a trailing four-quarter earnings surprise of 47.7%, on average.American Eagle Outfitters (AEO Quick QuoteAEO - Free Report) currently has an Earnings ESP of +6.84% and a Zacks Rank #3. The company is likely to register an increase in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly EPS of 27 cents suggests an increase of 58.8% from the year-ago quarter’s levels.American Eagle Outfitters’ top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $1.15 billion, calling for an increase of 5.9% from the figure reported in the year-ago quarter. AEO has a trailing four-quarter earnings surprise of 22.7%, on average.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
Unlocking Q1 Potential of TJX (TJX): Exploring Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of TJX (TJX) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
TJX (TJX) Ascends While Market Falls: Some Facts to Note
TJX (TJX) reachead $98.92 at the closing of the latest trading day, reflecting a +0.45% change compared to its last close.
