Subscribers to Schaeffer's Weekend Trader options recommendation service received this TJX commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.TJX Companies Inc (NYSE:TJX) stock just hit a fresh record high after completing a bullish cup-and-handle pattern on the daily chart. With this technical support in place, now looks like a good time to wei ...

TJX (TJX) closed the latest trading day at $95.50, indicating a +0.79% change from the previous session's end. This change lagged the S&P 500's 1.23% gain on the day. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 1.7%.Heading into today, shares of the parent of T.J. Maxx, Marshalls and other stores had gained 3.69% over the past month, outpacing the Retail-Wholesale sector's loss of 0.02% and the S&P 500's gain of 0.94% in that time.The investment community will be closely monitori ...

TJX (TJX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is a po ...

TJX (TJX) ended the recent trading session at $95.03, demonstrating a -0.23% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had gained 5.89% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.89% and the S&P 500's gain ...

Cindy OrdBack in March, I placed a “Buy” rating on The TJX Companies (NYSE:TJX) saying that while it was not cheap, the company was in an ideal environment and that it should be a nice beneficiary of industry de-stocking issues. In September, meanwhile, I raised my price target from $100 to $120, noting the company was firing on all cylinders. The stock is up about 25% since my initial write-up. Let’s catch up on the name. Company Profile As a refresher, TJX is an off-price retailer in both the apparel ...

Joe HendricksonSummary Following my coverage on The TJX Companies (NYSE:TJX), which I recommended a buy rating due to the business's solid execution, continuous market share gains, and its ability to improve its margin profile, this post is to provide an update on my thoughts on the business and stock. I remain buy-rated for TJX as I see the business performing really well and being in a good position to continue growing. Near-term growth in 4Q24 should be a good one given its inventory position and the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 28, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 1-4908 The TJX Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2207613 (State or other jurisdicti ...

The TJX Companies, Inc. (NYSE:TJX) Q3 2024 Results Conference Call November 15, 2023 11:00 AM ET Company Participants Ernie Herrman - President and CEO Debra McConnell - Global Communications John Klinger - EVP and CFO Conference Call Participants Lorraine Hutchinson - Bank of America Paul Lejuez - Citigroup Adrienne Yih - Barclays Matthew Boss - JPMorgan Chuck Grom - Gordon Haskett Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Michael Binetti - Evercore ISI Dana Telsey - Telsey Advisory Group ...

Financial Performance - Net sales increased 8% to $12.8 billion for Q2 FY2024 compared to $11.8 billion in Q2 FY2023[72] - Consolidated comp store sales increased 6% for Q2 FY2024[72] - Diluted earnings per share for Q2 FY2024 were $0.85, up from $0.69 in Q2 FY2023[72] - Pre-tax profit margin for Q2 FY2024 was 10.4%, a 1.2 percentage point increase from 9.2% in Q2 FY2023[72] - Cost of sales ratio decreased by 2.6 percentage points to 69.8% in Q2 FY2024 compared to 72.4% in Q2 FY2023[72] - SG&A expense ratio increased by 1.7 percentage points to 20.1% in Q2 FY2024 compared to 18.4% in Q2 FY2023[72] - Net sales for the six months ended July 29, 2023 totaled $24.5 billion, a 6% increase from $23.2 billion in the same period of FY2023[76] - Comp store sales increased 4% for the first six months of FY2024[76] - Net income for Q2 fiscal 2024 was $1 billion, or $0.85 per diluted share, compared to $810 million, or $0.69 per diluted share, in Q2 fiscal 2023[87] Segment Performance - Net sales for Marmaxx in Q2 fiscal 2024 were $7.9 billion, a 9% increase compared to $7.2 billion in Q2 fiscal 2023, driven by an 8% increase in comp store sales[92] - Segment profit margin for Marmaxx increased to 13.7% in Q2 fiscal 2024 from 12.9% in Q2 fiscal 2023, driven by improved merchandise margin[93] - Net sales for HomeGoods in Q2 fiscal 2024 were $2 billion, an 8% increase compared to $1.9 billion in Q2 fiscal 2023, with a 4% increase in comp store sales[96] - Segment profit margin for HomeGoods increased to 8.7% in Q2 fiscal 2024 from 2.7% in Q2 fiscal 2023, driven by higher merchandise margin[97] - Net sales for TJX Canada in Q2 fiscal 2024 were $1.2 billion, a 2% decrease compared to Q2 fiscal 2023, with a 1% increase in comp store sales[99] - Segment profit margin for TJX Canada decreased to 15.7% in Q2 fiscal 2024 from 15.8% in Q2 fiscal 2023, driven by higher incentive compensation costs[99] - TJX International's net sales for Q2 fiscal 2024 increased by 8% to $1.6 billion compared to $1.5 billion in Q2 fiscal 2023, driven by a 4% positive foreign currency impact and a 3% increase in comp store sales[103] - TJX International's net sales for the first six months of fiscal 2024 increased by 4% to $3 billion compared to $2.9 billion in the same period last year, with a 4% increase in comp store sales partially offset by a 1% negative foreign currency impact[103] - TJX International's segment profit margin decreased to 2.0% in Q2 fiscal 2024 from 7.0% in Q2 fiscal 2023, primarily due to a reserve related to a German government COVID program receivable and higher administrative costs[104] - TJX International's segment profit margin decreased to 2.3% in the first six months of fiscal 2024 from 4.0% in the same period last year, driven by similar factors as in Q2[104] E-commerce Performance - The Marmaxx e-commerce sites represented less than 3% of Marmaxx's net sales in Q2 fiscal 2024[93] - The HomeGoods e-commerce website represented less than 1% of HomeGoods net sales in Q2 fiscal 2024[97] - TJX International launched online shopping in Germany and Austria during Q2 fiscal 2024, with e-commerce sales representing less than 3% of net sales for the quarter[103] Cash Flow and Capital Allocation - The company returned $932 million to shareholders through share repurchases and dividends in Q2 FY2024[72] - TJX held $4.6 billion in cash as of July 29, 2023, with $1.5 billion available under credit facilities, and plans to use operating cash flow and cash on hand for debt repayment[107] - TJX's operating activities generated net cash inflows of $2.1 billion for the first six months of fiscal 2024, compared to $6 million in the same period last year, primarily due to changes in merchandise inventories[108] - TJX anticipates capital spending for fiscal 2024 to be between $1.7 billion and $1.9 billion, funded by existing cash balances and internally generated funds[109] - TJX repurchased and retired 13.1 million shares for $1 billion in the first six months of fiscal 2024, with $2.5 billion remaining under its stock repurchase programs[112] Risks and Uncertainties - No material changes in primary risk exposures or management of market risks from the Annual Report on Form 10-K for the fiscal year ended January 28, 2023[117] - Forward-looking statements include anticipated operating and financial performance, business plans, dividends, share repurchases, and pension payout impact[116] - Risks and uncertainties include execution of buying strategy, inventory management, customer trends, competition, and operational expansion[116] - COVID-19 or other public health issues may affect operations and consumer behavior[116] - Challenges in labor costs, workforce management, and personnel recruitment and retention[116] - Fluctuations in quarterly operating results, market expectations, and economic conditions[116] - Potential impacts of mergers, acquisitions, divestitures, and real estate activities[116] - Compliance with evolving regulations, including environmental, social, and governance matters[116] - Risks related to merchandise quality, safety, and sourcing, as well as data security and IT systems[116] - Outcomes of litigation, legal proceedings, and changes in laws or accounting standards[116] Inventory and Expenses - Consolidated average per store inventories decreased by 6% at the end of Q2 FY2024[72] - TJX's general corporate expense increased to $194 million in Q2 fiscal 2024 from $188 million in Q2 fiscal 2023, driven by higher incentive and share-based compensation costs[106] Foreign Currency Impact - Foreign currency had a $0.01 negative impact on earnings per share in Q2 fiscal 2024[87]

The TJX Companies, Inc. (NYSE:TJX) Q2 2024 Earnings Conference Call August 16, 2023 11:00 AM ET Company Participants Ernie Herrman - Chief Executive Officer and President Debra McConnell - Investor Relations John Klinger - Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Brooke Roach - Goldman Sachs Mark Altschwager - Robert W. Baird Marni Shapiro - The Retail Tracker Alex Straton - Morgan Stanley Robert Drbul - Guggenheim Securities Dana ...