TJX COMPANIES INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. TJX COMPANIES INC has weak liquidity. Currently, the Quick Ratio is 0.61 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 6.06% 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||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||7366.07||6981.88|
|Net Income ($mil)||594.96||622.66|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||2430.85||2262.03|
|Total Assets ($mil)||11592.05||10669.24|
|Total Debt ($mil)||1623.82||1274.19|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||31.35||31.35|
|Return on Assets||18.54||20.24|
|Return on Equity||49.13||52.37|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||688.9||711.2|
|Div / share||0.18||0.15|
|Book value / share||6.35||5.8|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4179774.0||4221045.0|
BUY. TJX COMPANIES INC's P/E ratio indicates a discount compared to an average of 26.69 for the Specialty Retail industry and a value on par with the S&P 500 average of 19.74. For additional comparison, its price-to-book ratio of 10.33 indicates a significant premium versus the S&P 500 average of 2.73 and a significant premium versus the industry average of 7.70. The current price-to-sales ratio is below the S&P 500 average, but above the industry average.
|TJX 21.65||Peers 26.69||TJX 16.37||Peers 20.29|
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 18.53||Peers 21.76||TJX 3.35||Peers 2.32|
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 10.33||Peers 7.70||TJX 2.36||Peers 1.53|
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.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
TJX is expected to have an earnings growth rate that significantly exceeds its peers.
|TJX 1.58||Peers 1.47||TJX 4.55||Peers 7.76|
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 significantly trails its peers on the basis of sales growth
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