Key Details
Price
$126.36Last Dividend
$0.38Annual ROE
65.48%Beta
0.62Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
Nov 20, 2024Recent annual earnings:
Feb 28, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 14, 2024Next split:
N/ARecent split:
Nov 07, 2018Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Consumer spending is cautious and inflation remains high, which affects retail growth. TJX Companies reported impressive results for the third quarter and has raised its expectations for the entire year. Ross Stores has a solid advantage due to its loyal customers, but its plans for expansion are not very innovative.
Consumers are being careful with their spending due to ongoing economic challenges, which has led to mixed results for major retail companies in the third quarter. Ross Stores, TJX Companies, and Gap experienced different outcomes, facing some difficulties related to changing shopping habits, while also seeing strength in the off-price and value markets.
I maintain a hold rating for TJX because of its complicated valuation and will wait for signs of faster growth before making an upgrade. The TJX Companies had a good performance in Q3, with a 6% increase in revenue, thanks to strong sales growth in their stores and better profit margins. Their plans for international expansion in countries like Mexico, the UAE, Saudi Arabia, and Spain look promising, but they need to be carried out successfully to maintain a high valuation.
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Retailers and industry associations are warning that the tariffs suggested by President-elect Trump might result in increased prices. They are concerned about the potential impact on consumers.
President-elect Donald Trump's extensive tariff plans have raised significant worries among companies and economists. He has proposed a 20% tax on all imports to the US and even higher rates, reaching 60%, on products from China and other important trading partners.
During an earnings call, TJX Companies CEO Ernie Herrman mentioned that the company might gain from the tariffs on imported goods suggested by President-elect Trump.
TJX Companies, Inc. announced on Wednesday that its earnings for the third quarter were higher than anticipated.
Goldman Sachs analyst Brooke Roach has confirmed a Buy rating for TJX Companies, Inc. and set a price target of $137.
Regardless of the cautious outlook, the stock price of TJX Companies NYSE: TJX could reach a new peak this year due to ongoing retail trends. These trends include an increase in spending from budget-minded customers, strong performance, solid profit margins, good cash flow, and returns on capital, all of which are likely to persist.
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