The most recent trading session ended with TJX (TJX) standing at $96.65, reflecting a -0.88% change from the previous trading day’s close. The stock missed the S&P 500, which registered a loss of 0.32% for the day. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a technical index, lost 0.2%.
Shares of the parent of TJ Maxx, Marshalls and other stores have seen an increase of 6.32% over the last month, outpacing the Retail Wholesale sector’s gain of 5.56% and the S&P 500’s gain of 4.59%.
Investors will be eagerly watching TJX’s performance in its upcoming earnings release. The company’s upcoming EPS is projected at $1.11, representing a 24.72% increase compared to the same quarter last year. At the same time, our most recent consensus estimate projects revenue of $16.14 billion, reflecting an 11.15% increase from the corresponding quarter last year.
Investors should also note some recent adjustments to analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive rating revisions a sign of optimism about the company’s business outlook.
Based on our research, we believe these rating revisions are directly related to near-term stock moves. To take advantage of this, we created the Zacks Rank, a unique model that incorporates these rating changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive out-of-control track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate moved 0.16% higher in the past month. Currently, TJX carries a Zacks Rank of #3 (Hold).
In the context of valuation, TJX currently trades with a Forward P/E ratio of 23.73. This represents a premium compared to its industry’s average Forward P/E of 21.73.
It should be further noted that TJX currently holds a PEG ratio of 2.11. 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. The retail industry – Discount Stores currently had an average PEG ratio of 2.11 as of yesterday’s close.
The Retail – Discount Stores industry is part of the Retail-Wholesale sector. This industry, which currently has a Zacks Industry Rank of 88, finds itself in the top 35% rungs of all 250+ industries.
The Zacks Industry Rank measures 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.
Be sure to use Zacks.com to follow all of these stock movement metrics, and more, in the upcoming trading sessions.
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The TJX Companies, Inc. (TJX): Free Analysis Report
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