Jan. 21, 2014, 11:24 AM
- TJX Companies (TJX -3.3%) slips after Sterne Agee downgrades the retailer to a Neutral rating from Buy.
- The investment firm also chipped off $2 from its price target on TJX to take it to $66.
- The risk-reward profile on TJX is less favorable due to the overall retail climates, warn analysts with Sterne.
Dec. 4, 2013, 4:49 PM
- S&P lifts its corporate credit rating on TJX Companies (TJX) to A+ from A.
- The outlook is stable.
- S&P says the move "reflects a reassessment of the company's financial risk profile with regards to stronger credit protection measures, which [are forecast to] remain in-line with current levels over the next two years."
Dec. 3, 2013, 1:39 PM
Nov. 26, 2013, 11:15 AM
- E-commerce sales this holiday season will rise 14% to 17% this year to top the marks of the last three years, forecasts Jefferies. Cyber Monday sales are tapped to see +20% Y/Y sales growth.
- The ongoing channel shift away from brick-and-mortar becomes even more pronounced when auto, restaurants, and gas are backed out of retail sales tallies. Apparel sellers are forecast to be the hardest hit, although on-trend names such as Under Armour (UA), Macy's (M), Gap (GPS), and Lululemon (LULU) should outperform.
- The strong Cyber Monday rush could hurt foot-traffic reliant chains such as TJX Companies (TJX), J.C. Penney (JCP), Barnes & Noble (BKS), Ultra Salon (ULTA), and DSW (DSW) - according to some trends dug up by Placed.com.
- The positive read on e-commerce sales bodes well for Amazon (AMZN), Retailmenot (SALE), eBay (EBAY), Overstock. com (OSTK), and Blue Nile (NILE) - although high expectations are already likely factored into share price.
- Related ETFs: XLY, VCR, IYC, SCC, FXD, UCC, RCD, FDIS, PSCD, PEZ.
Nov. 19, 2013, 11:52 AM
- TJX Companies (TJX +1%) lowered its guidance for Q4 to $7.6B-$7.7B, from a previous view of $7.96B. The company sees Q4 comparable store sales growth of 1% to 2% and sets its Q4 EPS estimate just below Street estimates.
- Earlier, the retailer beat earnings estimates with its Q3 report on brisk comparable store sales of 5%.
- What to watch: TJX has been one of the most resilient retail companies in the sector, so its conservative view of the holiday season could create another ripple of worry.
- Related ETFs: XRT, PMR, RTH, VDC
Nov. 19, 2013, 8:46 AM
Nov. 19, 2013, 12:05 AM
Nov. 18, 2013, 5:30 PM
Oct. 21, 2013, 5:47 PM
Oct. 16, 2013, 2:31 PM
- Retail stocks are retaking some ground after being one of the hardest hit sectors on consumer fears of an extended government shutdown and default.
- Department store chains aimed at budget-conscious shoppers are leading the pack.
- Advancers: TJX Companies (TJX) +3.4%, Stage Stores (SSI) +2.8%, Ross Stores (ROST) +1.7%, Bon-Ton Stores (BONT) +4.6%, Five Below (FIVE) +2.0%.
Sep. 20, 2013, 12:58 PM
Sep. 20, 2013, 12:45 PM
- Analysts see a new website from T.J. Maxx having an impact on the sector with the department store chain sitting in the sweet spot of retail at the moment.
- Lazard predicts e-commerce will account for 10% of revenue for parent TJX Companies (TJX -0.2%) within three to five years.
- Should Gap (GPS -1.3%) and Ross Stores (ROST -0.4%) be worried?
Sep. 19, 2013, 2:46 PM
- T.J. Maxx (TJX) launched its new website today without much fanfare, despite the fact the retail chain took over eight years off since its first stab at e-commerce.
- The department store offers a potpourri of different assortments, sizes, and styles which led to back-end difficulties for the website back in 2004.
Sep. 10, 2013, 9:10 AM
- Strong results from Five Below (FIVE) and PriceSmart (PSMT) serve as another strong indicator to retail analysts that consumers are altering their shopping preferences.
- A basket of thrifty-minded stocks - which might include Five Below, PriceSmart, TJX Companies (TJX), and Ross Stores (ROST) - is on pace for a banner year.
Sep. 8, 2013, 10:12 AM
- Economists forecast retail sales rose 0.4% in August which will mark a slight acceleration from July's pace, although they note auto sales likely accounted for a good portion of the month's momentum.
- The early read on September for U.S. retailers is that a continuation of weak mall traffic and a heightened promotional stance is occurring.
- By sector, retailers with a mix of healthcare products (WAG, COST) or sitting in the sweet spot where consumer "trade down" (TJX, ROST, SIG) to their products are holding up better than many apparel sellers (AEO, ARO, LTD, GPS, M, KSS).
- Related ETFs: XRT, RTH, PMR, RETL.
Aug. 28, 2013, 10:50 AM
- Retail traffic to U.S. stores has declined in 8 out of the last 10 weeks, according to data compiled from ShopperTrak.
- Though a few on-trend firms such as Michael Kors (KORS +0.1%) and Express (EXPR +8.5%) are still firing on all cylinders, and a heat wave in the Midwest has had an effect, the overall trend for the back-to-school season and holiday season looks weak.
- Analysts also think consumers are likely to pick up their reliance on deals as discretionary spending on housing and automobiles "crowds out" normal outlays.
- Related ETFs: XRT, RTH, PMR, RETL.
- Related stocks: APP, AEO, ANF, AZO, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, HD, JCP, JNY, JWN, KSS, LTD, LULU, M, NDN, ODP, ORLY, PIR, RGS, RL, SKS, SPLS, TGT, TIF, TJX, UA, UNFI, URBN, VFC, WMT, WRC, ZLC.
TJX vs. ETF Alternatives
TJX Companies Inc is an off-price apparel and home fashions retailer in the United States and other countries. Its stores offer family apparel, including footwear & accessories; home fashions, such as home basics, accent furniture, lamps, among others.
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