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The TJX Companies, Inc. (NYSE:TJX) is scheduled to report its Q2 2013 results on August 14, 2012, before market opens. The street expects EPS and revenue of $0.54 and $5.98B, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from TJX and the news from its closest competitors.

The TJX Companies, Inc. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last four quarters. In the last quarter it reported $0.55 EPS, just above analyst estimates of $0.54.

The TJX Companies, Inc. EPS Historical Results vs Estimates

The consensus EPS estimate is $0.54 based on 25 analysts' estimates, up from $0.45 a year ago. Revenue estimates are $5.98B, up from $5.47B a year ago. The median target price by analysts for the stock is $47.00.

Average recommendation: Overweight

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On June 20, 2012, Wells Fargo upgraded the company from Hold to Strong Buy.
  • On May 20, 2012, Canaccord Genuity downgraded the company from Buy to Hold.
  • On May 4, 2012, MKM Partners reiterated Buy rating for the company.
  • On May 4, 2012, FBR Capital reiterated Outperform rating for the company.
  • On April 9, 2012, FBR Capital reiterated Outperform rating for the company.
  • On February 23, 2012, RBC Capital Mkts reiterated Outperform rating for the company.
  • On February 23, 2012, Barclays Capital reiterated Overweight rating for the company.

Latest News

  • On August 2, 2012, The TJX Companies, Inc. reported July 2012 sales results. Sales for the four-week period ended July 28, 2012, were $1.8 billion, up 8% over the $1.6 billion achieved during the four-week period ended July 30, 2011. For the 26-week period ended July 28, 2012, sales reached $11.8 billion, a 10% increase over the $10.7 billion achieved in the same period last year.
  • On July 5, 2012, TJX Companies Inc raised second quarter of 2013 and fiscal 2013 guidance. The Company expects second quarter of 2013 earnings per share (NYSEARCA:EPS) in the range of $0.52-$0.53 and EPS of $2.31-$2.39 for fiscal 2013.
  • On Jul. 5, 2012, The TJX Companies, Inc. reported June 2012 sales results. Sales for the five-week period ended June 30, 2012, were $2.3 billion, up 9% over the $2.1 billion achieved during the five-week period ended July 2, 2011. For the 22-week period ended June 30, 2012, sales reached $10.0 billion, a 10% increase over the $9.1 billion achieved in the same period last year.
  • On May 31, 2012, TJX Companies Inc announced that with above-plan sales in May, it now expect second quarter 2013 earnings per share to be at the high end of previously estimated range of $0.47-$0.50.
  • On May 15, 2012, TJX Companies Inc announced that for the second quarter of 2013, it expects diluted earnings per share to be in the range of $0.47 to $0.50. For fiscal 2013, it is raising its guidance for diluted earnings per share to be in the range of $2.27 to $2.37. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.51 for the second quarter of 2013.
  • On April 3, 2012, TJX Companies Inc announced that its Board of Directors has raised the amount of its quarterly dividend by 21% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.115 per share, payable May 31, 2012, to shareholders of record on May 10, 2012.
  • On February 22, 2012, TJX Companies Inc announced that for fiscal 2013, on a GAAP basis, the Company expects diluted earnings per share to be in the range of $2.21 to $2.31. For the first quarter of 2013, on a GAAP basis, it expects fully diluted earnings per share to be in the range of $0.45 to $0.47. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.20 for fiscal 2013; EPS of $0.44 for the first quarter of 2013.

Competitors

J. C. Penney Company (NYSE:JCP), Kohl's Corp. (NYSE:KSS), Macy's, Inc. (NYSE:M), Target Corp. (NYSE:TGT), and Wal-Mart (NYSE:WMT) are peers for comparison for The TJX Companies and the table below provides the key metrics for these companies and the industry.

The TJX Companies, Inc. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies for the last one year period.

TJX Chart

TJX data by YCharts

Competitors' Latest Development

  • On July 23, 2012, Reuters reported that J.C. Penney Co Inc raised $248 million by selling part of its stake in a Simon Property Group Inc unit.
  • On July 10, 2012, Reuters reported that J C Penney Company Inc announced another 350 job cuts at its Plano, Texas headquarters, completing a reorganization of its home office designed to help it bring costs in line with those of rivals.
  • On July 5, 2012, Macy's Inc reaffirmed fiscal 2012 guidance and expects same store sales to rise by approximately 3.7%, with earnings per diluted share in the range of $3.25 to $3.30. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.37 for fiscal 2012.
  • On July 5, 2012, Target Corp. announced that combined with the outlook for July, the Company is on-track to deliver second quarter sales and adjusted earnings per share in line with the guidance provided at the time of first quarter earnings release.
  • On June 13, 2012, Target Corp. announced that its Board of Directors has declared a quarterly dividend of $0.36 per common share. The dividend is payable September 10, 2012 to shareholders of record at the close of business August 15, 2012.
  • On June 12, 2012, The Economic Times reported that Wal-Mart Stores, Inc. plans to snap ties with companies that supply products to its stores if they are involved in any kind of corrupt practices, making it the first retail company to undertake such a stringent initiative in India.
  • On June 11, 2012, Reuters reported that New York City's pension funds became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials.
  • On May 31, 2012, Kohl's Corporation announced that it now expect second quarter 2012 comparable store sales to be modestly negative.
  • On May 18, 2012, Macy's Inc announced that it declared a regular quarterly dividend of $0.20 per share on Macy's common stock, payable July 2, 2012, to shareholders of record at the close of business on June 15, 2012.
  • On May 17, 2012, Wal-Mart Stores Inc announced that for second quarter of 2013, it expects diluted earnings per share from continuing operations to range between $1.13 and $1.18. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.16 for second quarter of 2013.
  • On May 16, 2012, Target Corp. announced that for the second quarter of 2012, it expects adjusted EPS of $1.04 to $1.14 and GAAP EPS of $0.94 to $1.04. For fiscal 2012, the Company has raised its guidance by 5 cents and now expects adjusted EPS of $4.60 to $4.80 and GAAP EPS of $4.10 to $4.30. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.00 for the second quarter of 2012; EPS of $4.29 for fiscal 2012.
  • On May 15, 2012, J C Penney Company Inc reaffirmed fiscal 2012 earnings guidance and expects earnings per share of $2.16 per share which excludes non-cash qualified pension expense, restructuring charges and markdown reserves as the Company transition merchandise assortment.
  • On May 10, 2012, Kohl's Corporation announced that for the second quarter of 2012, it expects earnings of $0.96 to $1.02 per diluted share. The guidance is based on total sales growth of 2% to 3% and comparable store sales growth of flat to 1% and includes expected second quarter share repurchases of $250 million.
  • On May 9, 2012, Macy's Inc announced that it continues to expect same-store sales to grow by approximately 3.5% for the remainder of fiscal 2012. When added to the first quarter's reported results, same-store sales growth for fiscal 2012 as a whole now is expected to be approximately 3.7% -- slightly higher than previous guidance for a same-stores sales increase of approximately 3.5% in fiscal 2012.

Technical Overview


The stock has a market capitalization of $33.45B and is currently trading at $45.14 with a 52 week range of $25.31 - $45.50. The stock's year-to-date performance has been 40.62%. It is currently trading above 20, 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Earnings Preview: TJX Companies Reports Q2 Results August 14