TJX Companies Inc. (TJX) - NYSE
  • Wed, Jun. 8, 2:24 PM
    | Wed, Jun. 8, 2:24 PM | 2 Comments
  • Thu, May 26, 2:30 PM
    • Discounters are rallying in full force after Dollar General (DG +4.6%) and Dollar Tree (DLTR +12.5%) both posted Q1 profit ahead of expectations.
    • Steady consumer demand, tight expense control, and an easing of promotional pressure underpinned both reports.
    • Retail Dive may have arrived at the heart of the matter, by noting that dollar stores attract different shoppers than the retailers which have been ravaged by Amazon's growth.
    • "We are part of what I consider, in this economic environment, the most attractive sector in retail," said Dollar Tree CEO Bob Sasser.
    • Investors seem to agree. Ollie's Bargain Outlet Holdings (OLLI +7.6%), Burlington Stores (BURL +7.8%), Big Lots (BIG +2.7%), Five Below (FIVE +2.9%), Ross Stores (ROST +0.9%), TJX Companies (TJX +1%), Tuesday Morning (TUES +1.9%), and Fred's (FRED +6.2%) are all pushing higher.
    | Thu, May 26, 2:30 PM | 3 Comments
  • Tue, May 17, 9:04 AM
    • TJX Companies (NYSE:TJX) cruises past analyst estimates with a Q1 report that could lift sentiment a bit over the broad retail sector.
    • Comparable-store sales improved 7% during the quarter for TJX, with all divisions delivering positive growth.
    • Gross profit margin improved 50 bps to 28.8% as buying and occupancy leverage kicked in.
    • Total sales were up 10% for TJX with the company's total square footage up 5% Y/Y. Inventory was up 7% Y/Y.
    • TJX raises full-year EPS guidance to $3.35-$3.42 vs. $3.29-$3.38 prior and $3.46 consensus. Higher wages are expected to pull on profits (more detail expected on the conference call).
    • Previously: TJX beats by $0.05, beats on revenue (May 17)
    • TJX +4.06% premarket to $78.25.
    | Tue, May 17, 9:04 AM | 5 Comments
  • Tue, May 17, 8:37 AM
    • TJX (NYSE:TJX): Q1 EPS of $0.76 beats by $0.05.
    • Revenue of $7.54B (+9.8% Y/Y) beats by $250M.
    • Shares +2.6% PM.
    • Press Release
    | Tue, May 17, 8:37 AM | 11 Comments
  • Mon, May 16, 5:30 PM
    | Mon, May 16, 5:30 PM | 4 Comments
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Fri, May 13, 9:59 AM
    • A strong report on retail sales isn't working magic with shares of some of the larger U.S. chain stores.
    • Wal-Mart (WMT -2.4%), Target (TGT -2.1%), Macy's (M -1.8%), Best Buy (BBY -1.3%), Walgreen Boots Alliance (WBA -0.4%), TJX Companies (TJX -1.4%), and Costco (COST -0.6%) are some of the names taking their cues from the steady roll of disappointing Q1 earnings reports.
    • An intriguing pullout from the retail sales breakdown for April is also a potential factor. Non-store retailers (think Amazon (NASDAQ:AMZN)) increased sales by over 10% Y/Y during the month to easily top all other categories.
    • Previously: Retail sales: Consumers spending, just not where they used to (May 13)
    | Fri, May 13, 9:59 AM | 7 Comments
  • Wed, May 11, 8:32 AM
    • The department store sector is on watch for volatility after Macy's issues an alarming warning on sales trends.
    • "We are seeing continued weakness in consumer spending levels for apparel and related categories," reads the pinpoint assessment from Macy's.
    • Investors in the department store sector are already scrambling with Kohl's (NYSE:KSS) down 3.62% in premarket trading, J.C. Penney (NYSE:JCP) off 3.64%, and Nordstrom (NYSE:JWN) 2.17% lower. The damage doesn't end there with Ross Stores (NASDAQ:ROST) losing 2.6% and TJX Companies (NYSE:TJX) off by 1%. Dillard's (NYSE:DDS) and Sears Holdings (NASDAQ:SHLD) haven't opened yet.
    | Wed, May 11, 8:32 AM | 24 Comments
  • Tue, Mar. 29, 12:04 PM
    • TJX (NYSE:TJX) declares $0.26/share quarterly dividend, 24% increase from prior dividend of $0.21.
    • Forward yield 1.33%
    • Payable June 2; for shareholders of record May 12; ex-div May 10.
    • Earlier (Feb. 25)
    | Tue, Mar. 29, 12:04 PM | 6 Comments
  • Tue, Mar. 29, 11:33 AM
    • TJX Companies (TJX +0.3%) plans to make $1.5M to $2.0M in buybacks during FY17.
    • The disclosure came as part of an announcement by the company of a 24% increase in its quarterly dividend payout rate to $0.26 per share.
    | Tue, Mar. 29, 11:33 AM | 11 Comments
  • Mon, Mar. 21, 10:43 AM
    | Mon, Mar. 21, 10:43 AM
  • Thu, Feb. 25, 9:10 AM
    • TJX (NYSE:TJX) plans to increase its quarterly dividend by 0.26/share from 0.21/share, resulting in an annual yield of 1.43%.
    • The dividend will be payable in June.
    • The company plans to repurchase approx. $1.5B-$2.0B (4% of outstanding shares) of common stock in FY16, The company has balance of $1.5B of repurchase under existing plan.
    | Thu, Feb. 25, 9:10 AM | 7 Comments
  • Wed, Feb. 24, 9:15 AM
    • TJX Companies (NYSE:TJX) reports comparable-store sales rose 6% in Q4, a strong mark compared to retail peers.
    • Comp growth by division: Marmaxx +6%, HomeGoods +6%, TJX Canada +14%, TJX Europe +1% (constant currency).
    • Pretax profit margin -50 bps to 11.9%.
    • Gross profit margin rate +50 bps to 28.7% on improved merchandise margins.
    • SG&A expense rate +100 bps to 16.7%.
    • Inventory +16% Y/Y to $3.7B (+5% on a per-store basis).
    • Guidance: TJX expects Q1 EPS of $0.68 to $0.70 vs. $0.74 consensus and full-year EPS of $3.29 to $3.38 vs. $3.61 consensus.
    • Previously: TJX beats by $0.05, beats on revenue (Feb. 24 2016)
    • TJX +1.22% premarket to $73.58.
    | Wed, Feb. 24, 9:15 AM
  • Wed, Feb. 24, 8:38 AM
    • TJX (NYSE:TJX): Q4 EPS of $0.99 beats by $0.05.
    • Revenue of $8.96B (+8.0% Y/Y) beats by $230M.
    • Shares -0.95% PM.
    • Press Release
    | Wed, Feb. 24, 8:38 AM
  • Tue, Feb. 23, 5:30 PM
    | Tue, Feb. 23, 5:30 PM | 6 Comments
  • Fri, Feb. 12, 10:54 AM
    • Consumer spending in the U.S. showed some strength in January to defy some of the signals being sent by equity markets.
    • "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said econimist Paul Ashworth.
    • Though data shows consumers have pulled back on some big-ticket categories to save more, there's some pockets of retail that could surprise this year - especially if gas prices move closer to $1/gallon.
    • Companies that consumers interface with daily or weekly are more likely to benefit than those in the luxury discretionary space where falling 401K or profit-sharing plan values weigh a bit heavy on demand (home improvement, jewelry, high-end auto, etc), note analysts.
    • Potentially sitting in that sweet space: Ross Stores (NASDAQ:ROST), TJX Companies (NYSE:TJX), Ulta Salon (NASDAQ:ULTA), Columbia Sportswear (NASDAQ:COLM), Skechers (NYSE:SKX), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Dollar General (NYSE:DG), Target (NYSE:TGT), Party City (NYSE:PRTY), Churchill Downs (NASDAQ:CHDN), Isle of Capri (NASDAQ:ISLE), Penn National Gaming (NASDAQ:PENN), Boyd Gaming (NYSE:BYD), Casey's General Stores (NASDAQ:CASY), McDonald's (NYSE:MCD), Cracker Barrel (NASDAQ:CBRL)... add your own in the comments.
    | Fri, Feb. 12, 10:54 AM | 44 Comments
Company Description
The TJX Cos., Inc. operates as an off-price apparel and home fashions retailer in the United States and worldwide. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx segment operates T.J. Maxx and Marshalls chains in the U.S. It sells family... More
Sector: Services
Industry: Department Stores
Country: United States