(TJX) The TJX Companies – Strong Momentum and Stellar Fundamentals

November 3rd, 2009

The TJX Companies, Inc. (TJX) recently upped its earnings guidance. For the fiscal year, the company sees earnings coming in between $2.46 – $2.54 per share. Analysts polled by Zacks are currently calling for earnings of $2.57 per share, an increase from last month’s $2.41.

Company Description

The TJX Companies is a discount retailer, selling apparel and home fashions worldwide. The Company operates 882 T.J. Maxx, 811 Marshalls, 323 HomeGoods, and 141 A.J. Wright stores in the United States. In Canada, The TJX Companies operates 203 Winners, 75 HomeSense and 3 STYLESENSE stores, and in Europe, 243 T.K. Maxx and 8 HomeSense stores.

TJX Sees Higher Earnings

The company recently upped its earnings guidance. For the fiscal year, the company sees earnings coming in between $2.46 – $2.54 per share. Analysts polled by Zacks are currently calling for earnings of $2.57 per share, an increase from last month’s $2.41.

TJX Companies is scheduled to announce earnings for the third quarter on November 17.

Solid September Sales

The company announced that sales for the month of September were up 8% year-over-year at $2.0 billion. Consolidated comparable store sales jumped 7%.

Strong Momentum and Stellar Fundamentals

TJX stacks up well against the market, outperforming the major averages over the past year and over the short-term. Shares are trading near a 52-week high.

TJX’s return on equity (ROE) of 40% more than doubles the industry average of 18%. The company’s net profit margin of 5% tops the industry average of 3%. The Growth and Income pick also offers an industry-leading dividend yield of 1.3%.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
TJX Cos. Increases Dividend 25% (Disciplined Approach to Investing, 4/8/10)
Daily Stock Report On The TJX Companies, Inc. (NYSE:TJX) Stock Picks Sizzled The Investors (Penny Stock DD, 12/9/11)
Financial Report On The TJX Companies, Inc. (NYSE:TJX) (Penny Stock DD, 10/26/11)
TJX Dividend Capture ($TJX) (Robert Weinstein Trading Blog, 10/27/11)
Read more on TJX Companies at Wikinvest

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