TJX Companies

Macy’s (NYSE:M) and Kohl’s (NYSE:KSS) stocks were down 6.0% and 6.3% as of 12:45 PM ET today following a rating downgrade.

Macy’s (NYSE:M) stock rose 4.0% as of 10:00 AM ET on June 9. The company said that it has experienced better-than-expected sales at reopened stores.

On May 21, TJX Companies (NYSE:TJX) reported weaker-than-expected results for the first quarter of fiscal 2021. COVID-19 impacted the results.

Kohl (NYSE:KSS) stock rose 4.1% in pre-market hours trading today. However, the stock fell 2.2% as of 12:31 PM ET amid volatile market conditions.

Best Buy reported impressive fourth-quarter results due to strong holiday sales. The company’s overall revenue grew 2.7% YoY to $15.20 billion.

TJX Companies stock touched a new 52-week high of $64.95 on Wednesday. The company declared strong fourth-quarter results and a dividend hike.

Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.

Burlington Stores (BURL) beat analysts’ earnings expectations in the first three quarters of fiscal 2019. Here’s what to expect in 2020.

Off-price retailers emerged as consistent performers in the retail space. The stock of Ross Stores (ROST) and TJX Companies (TJX) surged 38.8% and 34.9%

Macy’s (M) earnings for the third quarter yet again reflected the struggle that’s facing department stores in this highly competitive retail market.

Yesterday, Macy’s (M) stock fell 10.9% after department store peer Kohl’s (KSS) announced weak third-quarter results and shared a gloomy outlook.

TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.

TJX Companies (TJX) is scheduled to announce its fiscal 2020 third-quarter earnings results on November 19. Its third quarter ended on November 2.

US retail sales grew by 3.5% in the first half of 2019. The retail sector of the S&P 500 Index includes 29 stocks representing a broad variety of retailers.

The US retail industry is transforming at a rapid rate. Let’s take a look at the top seven retailers in the US by market capitalization.

The retail sales for 2018 were $4.3 trillion. From January to July 2019, the retail sales in this category rose 3.5% over the comparable period in 2018.

Walmart (WMT) has a long history and strong brand name recognition. But is there reason to believe WMT stock could actually withstand an economic meltdown?

Ross Stores (ROST) stock fell 2.1% as of 3:41 PM ET today as Goldman Sachs downgraded the off-price retailer to “sell” from “neutral.”

Off-price retailer TJX Companies (TJX) reported upbeat sales and earnings for the first quarter of fiscal 2020, which ended on May 4.

TJX Companies’ (TJX) gross margin contracted 40 basis points on a year-over-year basis to ~28.5% in the first quarter of fiscal 2020.

TJX Companies’ (TJX) earnings beat analysts’ expectations in three out of four quarters of fiscal 2019 and were in line with estimates in the fourth quarter of fiscal 2019.

On May 14, Baird initiated coverage of TJX Companies (TJX) stock with an “outperform” rating and a price target of $63.

While several retailers and department stores are closing down stores amid intense competition from online retailers, off-price retailers TJX Companies and Ross Stores (ROST) see a tremendous opportunity to grow their store base.

Margins of both TJX Companies (TJX) and Ross Stores (ROST) have been under pressure due to higher freight costs and wages.

TJX Companies’ (TJX) sales grew 8.7% to $39 billion in fiscal 2019.

Both TJX Companies and Ross Stores have delivered higher YTD returns than the 18.0% YTD total returns of the S&P 500 Index.

Burlington Stores announced its CEO succession plan and its updated outlook for the first quarter of fiscal 2019 after the markets closed on April 23.

Burlington Stores stock surged 9.1% on April 24 in reaction to the CEO succession plan it announced after the markets closed on April 23.

2018 wasn’t a good year for the US consumer sector due to escalating trade war tensions and a slowing economy.

TJX Companies (TJX) currently has a “buy” recommendation from the majority of the analysts following the off-price retailer’s stock.

Ross Stores and Burlington Stores stocks have risen 8.9% and 1.2%, respectively, on a year-to-date basis as of January 14.

TJX Companies’ (TJX) domestic business consists of its Marmaxx and HomeGoods divisions.

TJX Companies (TJX) has been delivering consistent sales growth even in a challenging retail market.

Burlington Stores (BURL) is slated to announce its results for the third quarter of fiscal 2018 on November 28. Here’s what you can expect.

TJX Companies and Ross Stores fell 4.4% and 9.4%, respectively, on November 20, the day they announced their earnings results.

TJX Companies (TJX) surpassed analysts’ earnings expectations in the second quarter of fiscal 2019 after missing expectations in the first quarter.

TJX’s (TJX) margins have been under pressure due to the impact of higher wages and a rise in input costs including freight costs.

TJX Companies (TJX) stock has risen by an impressive 40.6% on a YTD basis as of November 13.

Amazon (AMZN) is introducing its “try before you buy” fashion service called Prime Wardrobe in the UK market.

Burlington Stores’ (BURL) 12-month forward PE multiple has declined 8.3% since the announcement of its fiscal Q2 2018 results.

Burlington Stores (BURL) has had same-store sales growth for 22 consecutive quarters, which reflects the strength of its off-price business model.

TJX Companies (TJX) generated double-digit sales growth in its TJX Canada and TJX International segments in the second fiscal quarter of 2019.

TJX Companies (TJX) plans to declare its results for fiscal Q2 2019 on August 21.

As of July 31, Ross Stores (ROST) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.0x.

Ross Stores (ROST) has generated same-store sales growth for 37 consecutive quarters.

As of July 5, Five Below (FIVE) was trading at a 12-month forward PE multiple of 36.4x.

Five Below (FIVE) stock has been on an uptrend on 2018 and has gained 47.9% YTD (year-to-date) as of July 5.

TJX Companies (TJX) stock has risen 12.6% since the company announced its results for the first quarter of fiscal 2019 in May.

Wayfair (W) stock has risen 41.9% this year to $113.87. The stock rose 129% in 2017.

Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5.

Ross Stores (ROST) expects its fiscal second-quarter operating margin to reach 13.3%–13.5%, down from 14.9% in the fiscal second quarter of 2017.

Off-price retailer Ross Stores (ROST) stock fell 6.8% on May 25, as investors were displeased with its lower-than-expected earnings outlook.

TJX Companies (TJX) surpassed analysts’ consensus sales estimate in fiscal Q1 2019 but lagged on earnings expectations.

The stock price of leading off-price retailer TJX Companies (TJX) was up 1.8% as of 10:53 AM EST today. The company announced its results for the first quarter of fiscal 2019.

Burlington Stores (BURL) generated net sales of $1.94 billion in fiscal 4Q17, which exceeded analysts’ consensus sales estimate of $1.89 billion.

On March 8, 2018, Ross Stores (ROST) was trading at a 12-month forward PE (price-to-earnings) multiple of 18.4x.

Monster Beverage (MNST) is scheduled to announce its 4Q17 earnings results on February 28. The company’s revenue is expected to rise 11.8% YoY.

Dollar Tree (DLTR) has continued its solid performance into 2018. The discount retailer has already risen 7% during the first two weeks of the new year as of January 12, 2018.

Ross Stores (ROST) stock is up 10.9% on a YTD (year-to-date) basis as of November 20.

TJX Companies’ adjusted EPS rose 9.9% on a year-over-year basis in fiscal 3Q18.

TJX Companies (TJX) disappointed investors with lower-than-expected sales in fiscal 3Q18.

TJX Companies (TJX) has exceeded analysts’ earnings expectations in nine of the past ten quarters and was in line with estimates in one quarter.

In fiscal 2Q18, which ended on July 29, 2017, TJX Companies (TJX) generated sales of $8.4 billion, beating analysts’ sales estimate of $8.3 billion.

As of September 15, 2017, Burlington Stores (BURL) was trading at a 12-month forward PE (price-to-earnings) ratio of 20.8x.

Burlington Stores (BURL) is taking several initiatives to deliver continued strong sales growth rates in a challenging market.

Burlington Stores (BURL) proved the strength of its off-price business model amid a challenging retail environment, reporting an 8.6% rise in revenue in fiscal 2Q17.

Dollar General (DG) released its fiscal 2Q17 results on Thursday, August 31, 2017. The results relate to the three-month period ending August 4, 2017.

Dollar Tree Stores (DLTR) is covered by 26 Wall Street analysts. Together, they rate the company a 2.3 on a scale of 1.0 (“strong buy”) to 5.0 (“strong sell”).

Dollar Tree Store (DLTR) stock rose 5.6% on August 24, 2017, after the company reported better-than-expected results and raised its guidance.

Wider gross margin Ross Stores’ (ROST) gross and operating margins expanded in fiscal 2Q17, which ended July 29, 2017. The company’s gross margin expanded ~25 basis points to 29.5% in fiscal 2Q17. The company’s gross margin expansion was driven by a wider merchandise margin, and lower occupancy costs and distribution expenses. However, a rise in […]

Sales beat estimates Off-price retailer Ross Stores (ROST) generated sales of $3.43 billion in fiscal 2Q17, which ended July 29, 2017. The company’s fiscal 2Q17 sales exceeded analysts’ estimate of $3.37 billion, marking the fifth consecutive quarter in which it has done so. Strong sales growth Ross Stores’ sales grew 7.9% YoY (year-over-year) in fiscal […]

Earnings beat estimates The TJX Companies (TJX) delivered adjusted EPS (earnings per share) of $0.85 in fiscal 2Q18, which ended July 29, 2017. The company exceeded analysts’ earnings expectation of $0.84. The company’s EPS rose 1.2% YoY (year-over-year) in fiscal 2Q18. Headwinds and tailwinds The TJX Companies’ adjusted EPS growth in fiscal 2Q18 was driven […]

For fiscal 2Q18, TJX expects its fiscal 2Q18 gross margin to be in the 28.6%–28.7% range, compared with its gross margin of 29.4% in fiscal 2Q17.

As of June 26, TJX Companies, Ross Stores, and Burlington Stores were trading at 12-month forward PE ratios of 17.7x, 17.5x, and 21.7x, respectively.

Off-price retailers TJX Companies, Ross Stores, and Burlington Stores have low-cost operating models, in contrast to department stores.

Tennessee-based Dollar General (DG) is slated to release results for 1Q17 on Wednesday, May 31, 2017.

Off-price retailer TJX Companies (TJX) disappointed investors when it missed analysts’ sales estimates for fiscal 1Q18, which ended on April 29, 2017.

TJX Companies (TJX) exceeded analysts’ earnings expectations in all the quarters of fiscal 2016 and fiscal 2017.

In fiscal 4Q17, which ended on January 28, 2017, TJX Companies’ gross margin declined by 40 basis points on a year-over-year basis to 28.3%.

On April 25, 2017, TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) were trading at 12-month forward PE ratios of 20.2x, 20.6x, and 25.1x, respectively.

On April 25, 2017, TJX Companies (TJX) stock rose 4.9% on a year-to-date basis. On the same date, Ross Stores (ROST) and Burlington Stores (BURL) stock fell 1.3% and 15.3%, respectively, YTD.

In fiscal 2016, Ross Stores’s gross margin increased 50 basis points to 28.7%.

Despite a rough retail environment, off-price retailers TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) have been delivering strong sales growth. In this series, we’ll compare their margins, stock price movements, and analyst recommendations.

Headquartered in Tennessee, Dollar General (DG) is the largest discount store retailer in the United States in terms of total sales.

Dollar Tree reported better-than-expected quarterly sales and earnings for 4Q16. Its EPS rose 35% YoY to $1.36.

As of fiscal 3Q16, which ended October 29, 2016, TJX Companies (TJX) was operating 3,785 stores across the United States, Canada, Europe, and Australia.

For fiscal 4Q16, analysts expect sales for TJX Companies, Ross Stores, and Burlington Stores to rise 5.4%, 6.4%, and 7.5%, respectively.

Major off-price retailers TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) performed well in 2016, attracting consumers with attractive bargain deals.

Dollar Tree is currently trading at a one-year forward price-to-earnings (or PE) multiple of 21x, operating in the middle of its 52-week PE range of 18x–24.8x.

Dollar Tree (DLTR), a leading operator of discount stores in the United States, reported its results for 3Q16 on November 22, 2016.

TJX Companies’ (TJX) stock price fell ~1.0% on November 15 despite strong results announced by the company for fiscal 3Q17.

TJX Companies’ adjusted EPS (earnings per share) of $0.91 in fiscal 3Q17 beat analysts’ consensus estimate of $0.87. It beat estimates for eight quarters.

Dollar Tree (DLTR) will release its results for 3Q16 on November 22, 2016. The results relate to the three-month period ending October 2016.

In fiscal 3Q16, Nordstrom Rack stores’ sales rose 8.3% YoY to $958 million. Its off-price Rack stores delivered higher sales growth than US full-line stores.

As of October 4, 77% of analysts had a “buy” recommendation for TJX Companies (TJX) and 23% had a “hold” recommendation.

Among the major off-price retailers, TJX Companies (TJX) is the largest player with an extensive store count of 3,675 stores as of July 30, 2016.

In fiscal 2Q16, which ended on July 30, 2016, Burlington Stores’ gross margin (including other revenue) was 39.9%.

One of the key strengths of off-price retailers is efficient inventory management.

Off-price retailers like TJX Companies, Ross Stores, and Burlington Stores have outperformed major department stores like Macy’s and Kohl’s so far this year.

Burlington Stores (BURL) stock has risen by 88.5% to $81.46 YTD. It rose 3.1% on August 25, 2016, the day the company announced its fiscal 2Q16 results.