TJX (TJX) concluded the latest trading day at $95.50, signaling a modest +0.79% change from the previous session's close. However, this adjustment fell behind the S&P 500's 1.23% gain for the day. Concurrently, the Dow rose by 1.06%, and the Nasdaq, known for its tech-heavy stocks, recorded a 1.7% increase.
Looking back over the past month, shares of the parent company of T.J. Maxx, Marshalls, and other stores experienced a positive trend, gaining 3.69%. This outpaced the Retail-Wholesale sector's marginal loss of 0.02% and the S&P 500's gain of 0.94% during the same period.
Investors are eagerly anticipating TJX's upcoming earnings report. The projected earnings per share (EPS) stand at $1.11, reflecting a substantial 24.72% increase from the same quarter last year. Additionally, the latest consensus estimate predicts revenue to be $16.14 billion, indicating an 11.15% increase compared to the previous year's same quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.75 per share and revenue of $53.95 billion. These figures represent changes of +20.58% and +8.04%, respectively, from the prior year.
Recent changes to analyst estimates for TJX should not escape investors' attention. Such modifications often signify the evolving landscape of near-term business trends. Positive estimate revisions are generally interpreted as a positive sign for the company's business outlook.
Research indicates a direct correlation between estimate changes and near-term stock prices. Investors can leverage the Zacks Rank, a model that considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a proven track record of outperformance, externally audited, with #1 ranked stocks delivering an average annual return of +25% since 1988. Presently, TJX holds a Zacks Rank of #3 (Hold).
In terms of valuation, TJX is currently trading at a Forward P/E ratio of 25.26, representing a premium compared to its industry's average Forward P/E of 23.7.
Additionally, TJX boasts a PEG ratio of 2.24. The PEG ratio, akin to the widely-used P/E ratio, incorporates the company's expected earnings growth rate. As of the market close yesterday, the Retail - Discount Stores industry had an average PEG ratio of 2.24.
The Retail - Discount Stores industry, part of the Retail-Wholesale sector, currently holds a Zacks Industry Rank of 62, positioning it in the top 25% of all 250+ industries. The Zacks Industry Rank assesses the strength of individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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The title is a bit confusing – needs clarity.
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