TJX Companies (TJX) Falling In After-Hours Activity
Trade-Ideas LLC identified
(
) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified TJX Companies as such a stock due to the following factors:
- TJX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $189.5 million.
- TJX is down 2.1% today from today's close.
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More details on TJX:
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The stock currently has a dividend yield of 1.2%. TJX has a PE ratio of 22. Currently there are 14 analysts that rate TJX Companies a buy, no analysts rate it a sell, and 7 rate it a hold.
The average volume for TJX Companies has been 3.2 million shares per day over the past 30 days. TJX Companies has a market cap of $48.4 billion and is part of the services sector and retail industry. The stock has a beta of 0.74 and a short float of 1.4% with 2.60 days to cover. Shares are up 0.7% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates TJX Companies as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- TJX COMPANIES INC has improved earnings per share by 9.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TJX COMPANIES INC increased its bottom line by earning $3.15 versus $2.95 in the prior year. This year, the market expects an improvement in earnings ($3.30 versus $3.15).
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Specialty Retail industry average. The net income increased by 6.1% when compared to the same quarter one year prior, going from $517.62 million to $549.34 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 9.1%. Since the same quarter one year prior, revenues slightly increased by 6.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Specialty Retail industry and the overall market, TJX COMPANIES INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- You can view the full TJX Companies Ratings Report.
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