TJX Cos. Shares Inch Up Despite Overall Market Decline
August 11, 2023
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On Thursday, TJX ($NYSE:TJX) Cos. Inc. experienced a slight increase of 0.48% to $86.02 in the stock market, despite the S&P 500’s decline. TJX Companies is an American multinational off-price department store corporation headquartered in Framingham, Massachusetts. It also operates an e-commerce site under the T.J. Maxx name. TJX has a strong presence in the retail industry, with a focus on offering customers brand-name apparel, footwear, home goods, and other items at discounted prices.
The company has developed a steady following of loyal customers who recognize the value of their merchandise and appreciate the wide selection of items that TJX offers. Despite the overall market dip, TJX’s sales and revenues have been on the rise, leading to an increase in its stock price. Although it is only a slight shift, this is a positive sign for the company and investors alike.
Share Price
At the opening, TJX Companies‘ stock was valued at $86.6, however, it closed the day at $85.4, a 0.7% decrease from the previous closing price of 86.0. The decline in stock value could be attributed to the greater volatility in the overall market. Despite the downturn, TJX Companies has seen a steady rise in its stock over the last year. 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 |
| 50.31k | 3.8k | 7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tjx Companies. More…
| Operations | Investing | Financing |
| 5.46k | -1.51k | -3.21k |
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 |
| 28.68k | 22.26k | 5.53 |
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 |
| 10.9% | 31.8% | 10.0% |
| FCF Margin | ROE | ROA |
| 7.9% | 49.3% | 10.9% |
Analysis
At GoodWhale, we conducted an analysis of TJX COMPANIES‘s financials and the results reveal that TJX COMPANIES is strong in asset, dividend, profitability, and medium in growth according to our Star Chart. We classify TJX COMPANIES as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This type of company could be of interest to investors who are looking for moderate returns over a long period of time. In addition, TJX COMPANIES has a high health score of 8/10 with regard to its cashflows and debt, making it capable to safely ride out any crisis without the risk of bankruptcy. 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
Investing analysis of TJX Companies shows that the stock price has risen by 0.48% to $86.02 today, despite the overall weak performance in the stock market. Analysts believe TJX Companies is a strong, stable investment due to its track record of consistent growth and profits as well as its ability to remain competitive in the retail market. The company recently announced plans to further expand its product offerings and customer base, which is expected to further increase its revenue and profits in the long-term.
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