TJX COMPANIES INC's gross profit margin for the second quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. TJX COMPANIES INC has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 11.02% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||6917.21||6442.42|
|Net Income ($mil)||517.62||479.56|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||2468.33||2090.01|
|Total Assets ($mil)||10922.0||9926.04|
|Total Debt ($mil)||1623.77||1274.16|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||30.78||30.91|
|Return on Assets||19.93||20.13|
|Return on Equity||50.92||51.91|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||692.94||715.24|
|Div / share||0.18||0.15|
|Book value / share||6.17||5.38|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4221045.0||4015949.0|
BUY. TJX COMPANIES INC's P/E ratio indicates a discount compared to an average of 23.04 for the Specialty Retail industry and a value on par with the S&P 500 average of 19.69. For additional comparison, its price-to-book ratio of 9.71 indicates a significant premium versus the S&P 500 average of 2.72 and a significant premium versus the industry average of 6.47. The current price-to-sales ratio is below the S&P 500 average, but above the industry average.
|TJX 19.70||Peers 23.04||TJX 14.63||Peers 18.37|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
TJX is trading at a discount to its peers.
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
TJX is trading at a discount to its peers.
|TJX 16.82||Peers 19.35||TJX 2.63||Peers 1.96|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
TJX is trading at a valuation on par with its peers.
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
TJX trades at a significant premium to its peers.
|TJX 9.71||Peers 6.47||TJX 11.76||Peers 20.38|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
TJX is trading at a significant premium to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, TJX is expected to significantly trail its peers on the basis of its earnings growth rate.
|TJX 1.47||Peers 1.34||TJX 5.35||Peers 6.68|
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
TJX is trading at a valuation on par with its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
TJX trails its peers on the basis of sales growth
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