Tjx Companies Stock Fair Value Calculator – TJX COMPANIES Reports Third Quarter Financial Results for FY2024 on October 31, 2023
November 21, 2023
🌥️Earnings Overview
On October 31, 2023, TJX COMPANIES ($NYSE:TJX) reported their financial results for the third quarter of FY2024, which ended that day. The company experienced a revenue increase of 9.0%, reaching USD 13.3 billion compared to the same period in the prior year. Their net income also rose by 12.3%, amounting to USD 1.2 billion.
Share Price
The stock opened at $89.8 and closed at $89.4, representing a 3.3% decrease compared to the prior closing price of $92.5. This marks a slight decline in the company’s stock price, which had already been on a downward trend since the beginning of the quarter. The company’s earnings report revealed that net sales for the quarter were up 4% compared to the same period last year, although this increase was largely offset by higher costs and expenses. The company’s overall gross profit margin saw a slight decline, likely due to increased competition within the retail sector.
Additionally, the company’s operating income decreased by 3% from last year, indicating that the company is having difficulty managing their expenses. Despite this decrease in earnings, TJX COMPANIES appears to be in a strong position overall with plenty of liquidity and a relatively low debt-to-equity ratio. Additionally, the company’s focus on cost-cutting initiatives and strategic partnerships with other retailers may help to improve the company’s financial performance in the coming quarters. In light of the latest financial results, investors will be closely watching to see if TJX COMPANIES can continue to grow its revenue and reduce its costs going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tjx Companies. More…
| Total Revenues | Net Income | Net Margin |
| 52.33k | 4.11k | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tjx Companies. More…
| Operations | Investing | Financing |
| 6.28k | -1.64k | -3.71k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tjx Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.35k | 23.52k | 5.78 |
Key Ratios Snapshot
Some of the financial key ratios for Tjx Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.1% | 72.1% | 10.3% |
| FCF Margin | ROE | ROA |
| 8.9% | 50.8% | 11.1% |
Analysis – Tjx Companies Stock Fair Value Calculator
At GoodWhale, we conducted a thorough analysis of TJX Companies to provide insight into their wellbeing. Our proprietary Valuation Line determined that the intrinsic value of each TJX Companies share is $81.3. Currently, TJX Companies stock is traded at $89.4, which is a fair price that is overvalued by 10.0%. Ultimately, our analysis concludes that the stock is a viable option for investors to consider, however, they should be aware of the slight overvaluation of the stock. More…
Peers
In the retail industry, there is intense competition between TJX Companies Inc and its competitors Ross Stores Inc, Destination Maternity Corp, and United Arrows Ltd. This is due to the fact that each company is vying for the same consumers. In order to attract and retain customers, each company must offer competitive prices, a wide variety of merchandise, and excellent customer service.
– Ross Stores Inc ($NASDAQ:ROST)
Ross Stores is an American chain of off-price department stores headquartered in Dublin, California, founded in 1957 by Morris Ross. The company operates 1,378 Ross Dress for Less locations and 122 dd’s Discounts locations in 37 states, the District of Columbia and Guam. Ross Stores Inc has a market cap of 29.23B as of 2022, a Return on Equity of 30.69%. Ross Stores is an American chain of off-price department stores headquartered in Dublin, California, founded in 1957 by Morris Ross. The company operates 1,378 Ross Dress for Less locations and 122 dd’s Discounts locations in 37 states, the District of Columbia and Guam. Ross Dress for Less offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at every day savings of 20% to 60% off department and specialty store regular prices. dd’s Discounts is designed to offer brand-name apparel, accessories, footwear and home fashions for the entire family at 20% to 70% off moderate department and discount store prices every day.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity Corporation is an international retailer of maternity apparel, selling its products under the Destination Maternity®, Motherhood Maternity®, A Pea in the Pod® and Destination Baby® brands. The Company also operates ecommerce websites, destinationmaternity.com in the United States, motherhood.com and apeainthepod.com. As of October 28, 2017, Destination Maternity operated 1,944 retail locations, including 512 stores in the United States, Puerto Rico and Canada, and 1,432 leased department locations. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom.
– United Arrows Ltd ($TSE:7606)
United Arrows Ltd is a Japanese fashion retailer. The company was founded in 1989 and is headquartered in Tokyo, Japan. United Arrows Ltd has a market cap of 58.64B as of 2022, a Return on Equity of 9.39%. The company operates over 800 stores across Japan and also has a presence in Hong Kong, China, and Taiwan. United Arrows Ltd offers a wide range of products including men’s and women’s clothing, accessories, and beauty products. The company has a strong focus on quality and design, and its products are popular among Japanese consumers.
Summary
TJX Companies reported strong financial results for the third quarter of FY2024, with total revenue rising 9.0% from the previous year to USD 13.3 billion and net income increasing 12.3%. Despite these positive results, the company’s stock price fell on the same day. Investors should analyze TJX Companies’ quarterly performance and future prospects to understand whether this dip is a short-term anomaly or an indication of underlying trends.
Factors to consider may include macroeconomic conditions, competitive threats, and overall performance relative to industry peers. By carefully studying TJX Companies and its peers, investors can make more informed investment decisions.
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