|Bid||0.00 x 900|
|Ask||45.59 x 2200|
|Day's range||45.04 - 46.41|
|52-week range||36.41 - 56.64|
|Beta (3Y monthly)||0.63|
|PE ratio (TTM)||18.53|
|Earnings date||27 Feb 2019|
|Forward dividend & yield||0.78 (1.51%)|
|1y target est||54.48|
TJX Companies (TJX) is gaining from sturdy comps, which have been benefiting from solid traffic. However, the company is grappling with escalated freight and wage costs.
Burlington Stores reported strong Q3 results, with earnings growth accelerating yet again. Shares of the off-price apparel retailer jumped early.
Burlington Stores (BURL) stock rose about 7% in pre-market hours on November 28 in reaction to strong results for the third quarter of fiscal 2018. Investors were also pleased as the off-price retailer raised its guidance for fiscal 2018. The company’s stock was up 10.6% as at 11:42 am EST today.
Rising costs, strong comparable sales, and forward earnings ambiguity are currently top of both executives' -- and investors' -- minds.
Burlington Stores (BURL) is slated to announce its results for the third quarter of fiscal 2018 on November 28. Burlington Stores’ stock has risen 20.6% on a year-to-date basis as of November 23. The company’s off-price model has helped it deliver same-store sales growth for 22 straight quarters.
Earlier in this series, we discussed the falls in the stocks of TJX Companies (TJX) and Ross Stores (ROST) following their third-quarter earnings releases. Negative sentiments in the retail sector and concerns about the impact of increased costs—mainly freight costs and wages—pulled down the companies’ valuation multiples.
Including the favorable impact of a tax benefit, TJX Companies’ (TJX) adjusted EPS rose 26% to $0.63 in the third quarter of fiscal 2019, which ended on November 3. Analysts had expected the leading off-price retailer to deliver adjusted EPS of $0.61. TJX Companies’ earnings growth was driven by higher sales, reduced net interest expenses, and a lower effective tax rate. The company’s fiscal 2019 third-quarter EPS also benefited from a lower diluted share count, reflecting the impact of share repurchases.
Off-price retailers TJX Companies (TJX) and Ross Stores (ROST) continued to outperform major department stores in terms of sales growth in their most recent quarters.
Both TJX Companies (TJX) and Ross Stores (ROST) exceeded earnings expectations in their fiscal third quarters. For TJX Companies, the third quarter of fiscal 2019 ended on November 3. For Ross Stores, the third quarter of fiscal 2018 ended on November 3.
Assessing The TJX Companies Inc’s (NYSE:TJX) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met Read More...
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