TJX(TJX)
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Why Was TJX Stock Up 6% In A Day?
Forbes· 2024-08-23 15:00
PARAGUAY - 2024/08/19: In this photo illustration, the TJX Companies, Inc. logo is displayed on a ... [+] smartphone screen. (Photo Illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNote: TJX fiscal year 2024 ended February 3, 2024The TJX Companies stock (NYSE: TJX), an off-price retailer that owns Marshalls, TJ Maxx, and HomeGoods, rose 6.1% on 21st August, as compared to a 0.4% increase in the S&P 500 index. In sharp contrast, TJX’s peer Target st ...
TJX Companies Gains Analyst Confidence With Consecutive Earnings Beats And Market Share Growth
Benzinga· 2024-08-22 17:40
Several analysts raised their price targets for The TJX Companies, Inc. TJX following yesterday’s strong second-quarter results.TJX reported EPS of $0.96 (+13%) and $13.468 billion in sales, which exceeded estimates, driven by a 4% rise in comparable store sales.The company raised its FY25 EPS outlook to $4.09-$4.13 and expects third-quarter EPS between $1.06 and $1.08, despite slightly missing estimates.BofA Securities analyst Lorraine Hutchinson raised the price target to $135 from $115 while maintaining ...
The Rally in TJX Companies Stock is Far From Over
MarketBeat· 2024-08-22 13:20
TJX Companies NYSE: TJX stock price surged following the Q2 earnings release because its quality operations and market conditions combined to drive better-than-expected results, leading to improved guidance. The reason it will continue to rise is the analysts. The analysts' response to the news is overwhelmingly bullish, leading this stock to higher highs because off-price retail is hot. TJX Companies TodayTJXTJX Companies$120.23 +6.92 (+6.11%) 52-Week Range$86.71▼$120.89Dividend Yield1.25%P/E Ratio29.83Pri ...
TJX Sales Climb as Consumers ‘Keep Seeking Value'
PYMNTS.com· 2024-08-21 21:47
TJ Maxx/Marshalls’ parent TJX continues to benefit from value-chasing consumers.The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons.“We’re convinced that consumers will keep seeking value,” CEO Ernie Herman told analysts during an earnings call. “We believe our strategy of trading across a broad range of income and age demographics differentiates us ...
TJX(TJX) - 2025 Q2 - Earnings Call Transcript
2024-08-21 19:05
The TJX Companies, Inc. (NYSE:TJX) Q2 2025 Earnings Conference Call August 21, 2024 11:00 AM ET Company Participants Ernie Herrman - Chief Executive Officer & President Deb McConnell - Senior Vice President, Global Communications, IR John Klinger - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Lorraine Hutchinson - Bank of America Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Paul Lejuez - Citigroup Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Michael ...
The TJX Companies: 5,000 Stores Strong And Dominating
Seeking Alpha· 2024-08-21 17:36
Siripak Pason We have closely been following restaurant and retail stocks for signs of and economic slowdown. Quite frankly, the inputs are mixed. On the one hand, retail sales and consumer confidence prints have been rather positive, but on the other, we have heard a lot of concern on many conference calls from management teams citing a slowing and changing consumer. However, the consumer is voting with their dollar, as they say. While household budgets have been crushed by inflation in living expenses ...
Why TJX Stock Jumped To A Record High Wednesday
Investopedia· 2024-08-21 17:31
Key TakeawaysTJX, the parent company of retailers like TJ Maxx, HomeGoods, and Marshall's, reported better second-quarter earnings than analysts had expected as value-seeking consumers boost sales.TJX stock rose nearly 6% to record levels after the report was released Wednesday.The retailer also announced an investment in Brands for Less, a discount retailer with locations across the Middle East as TJX looks to expand its international efforts. Shares of TJX Companies (TJX), which operates discount retailer ...
Why TJX Companies Stock Just Jumped 6%
The Motley Fool· 2024-08-21 16:46
Yes, TJX had a great second quarter. But does its stock now cost too much?Shares of The TJX Companies (TJX 6.13%) -- probably better known to shoppers as T.J. Maxx -- ran up 5.9% through 10:45 a.m. ET after the company announced a beat on both sales and earnings estimates Wednesday morning.Heading into the quarter, analysts forecast TJX would earn $0.92 per share on $13.3 billion in sales. In fact, it earned $0.96 per share, and its revenue approached $13.5 billion. TJX second-quarter earningsTJX reported a ...
The TJX Companies (TJX) Q2 Earnings Top Estimates, View Raised
ZACKS· 2024-08-21 15:56
The TJX Companies, Inc. (TJX) posted strong second-quarter fiscal 2025 results, wherein the top and bottom lines increased year over year and came ahead of the Zacks Consensus Estimate. Buoyed by strong second-quarter results, management raised its full-year guidance for both the pretax profit margin and earnings per share.The company’s second-quarter performance exceeded expectations, with comparable sales being fueled entirely by higher customer transactions across all divisions. A significant milestone w ...
TJX Stock Earnings: TJX Companies Beats EPS, Beats Revenue for Q2 2025
Investor Place· 2024-08-21 15:52
TJX Companies (NYSE:TJX) just reported results for the second quarter of 2025.TJX Companies reported earnings per share of 96 cents. This was above the analyst estimate for EPS of 92 cents.The company reported revenue of $13.47 billion.This was 1.19% better than the analyst estimate for revenue of $13.31 billion.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share ...