NYSE:TJX
$42.13
(3/12 4:00PM)
+0.9%
| Open | $41.97 |
Mkt Cap | $17.7 Billion |
| High | $42.35 |
52Wk High | $42.35 |
| Low | $41.82 |
52Wk Low | $24.82 |
| Volume | 4.6 Million |
Avg Vol 10D | 4.3 Million |
Ockham's Rating/Recommendation Summary
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TJX Revenue
Cash earnings is the most important factor in our analysis, but it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 10 years. For, TJX the high and low end of the Price to Sales per share ratios are 0.97x and 0.64x respectively.
Notice that TJX's current Price to Sales per share ratio is 0.87x, which is somewhat above its historical average. As such, the current Price to Sales ratio suggests a neutral share price forecast. In order for us to become more positive about TJX we would need to see a drop in the Price to Sales ratio of 8% given current sales per share levels in order to return to its historical weighted average.
TJX Cash Earnings
Cash Earnings is always one of the most important factors to review for a company and, more importantly, an investment in a stock. TJX is below its historical average multiple of Cash Earnings. Looking at the last 10 years we can get a good understanding of what investors have grown to expect from TJX. For example, TJX's Cash Earnings ratio per share has fluctuated between 9.41 and 14.15 over this historical timeframe. This range is based upon a proprietary weighted methodology at Ockham, but can clearly show an investor where TJX is with respect to prior business periods.
With a historical average Cash Earnings ratio of 11.78, the current Cash Earnings ratio of 11.18 is a positive opportunity for value in the Ockham view. Naturally, we would love to see a deeper value opportunity for TJX, but to get there one of two things must occur (or both). Either the stock price must decline further to increase the long term buying opportunity, or the management at TJX needs to earn more cash. If either, or both, of these occur, then we could see a significant gap emerge between what investors were willing to pay for in the past, and where TJX is trading currently (latest close price of $42.13).
TJX Dividends
When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for TJX to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis.
The estimated annual dividend for TJX is $0.48 producing a current dividend yield of 1.14%. Much like our evaluation of Sales and Cash Earnings per share, we review dividend yields from TJX against the historic high and low levels over all available dividend history. Because dividends are a decision made exclusively by management, we view a healthy and rising dividend as a sign of confidence and strength. The highest dividend yield from TJX over previous years was 2.36% while the lowest dividend yield was 0.43%. It is never a good sign for a company to pay significantly lower dividends, in this case 18.28% below the median yield. Although, dividends are a relatively small portion of our analysis framework, we still see this as a negative factor.
Notice a Discussion Covering TJX Appeared Recently in the Financial News
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to The TJX Companies, Incorporated.
Ranking all stocks in terms of news coverage offers some interesting data. In the case of TJX, it is getting significantly more attention in recent news coverage than we are used to seeing. The TJX Companies, Incorporated receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.
“… We have new highs on most of the big names and nike's a new high and TJX, and home depot also at a new high. Finally good news on the ipo front. …”
Dividends and The TJX Companies, Incorporated Among the Topics Covered on Mad Money
For income investors, dividend news is obviously important. TJX's dividends were discussed recently on Mad Money.
The crowd at The Motley Fool does not like TJX and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on TJX. When looking at our entire coverage universe and ranking stocks by the attention they receive on RazorWire, it is clear that The TJX Companies, Incorporated has been talked about more than normal recently.
“… Jim, what's the deal with ross stores going up and the TJX going down. I can't find relevant news. Can you explain it to cramerica? We flagged them as a huge dividend ... …”
News Developing on Mad Money for TJX
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on TJX from Mad Money.
When looking at our entire coverage universe and ranking stocks by the attention they receive on RazorWire, it is clear that The TJX Companies, Incorporated has been talked about more than normal recently. The crowd at The Motley Fool does not like TJX and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on TJX.
“… They have become integrated and recognize that rather than sell off the merchandise to perhaps a TJX, they keep it in house. …”
Squawk On The Street: What is Happening with The TJX Companies, Incorporated Now?
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on TJX from Squawk On The Street.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, TJX has been less covered in the news compared to the rest of our universe of stocks. The crowd at The Motley Fool does not like TJX and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on TJX.
“… TJX also had better than expected so the high end and the lower end did really well. Even the middle guy, your buckle was -- we were expecting losses from buckle. They had ... …”
Notice a Discussion Covering TJX Appeared Recently in the Financial News
The TJX Companies, Incorporated is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Squawk Box.
When taking into account the amount of news coverage each stock normally sees as a percentage of the total, The TJX Companies, Incorporated has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on TJX because it trades within the price range that we would expect given current market conditions and fundamentals. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see The TJX Companies, Incorporated underperforming.
“… There is the defensive names out there where the consumer has really gone to in the downturn, names like TJX and ross stores or arrow postal and a couple other names, then you've ... …”
Imus In The Morning: What is Happening with The TJX Companies, Incorporated Now?
The latest news from Imus In The Morning on TJX is available through Ockham's news analytics platform RazorWire.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, TJX has been less covered in the news compared to the rest of our universe of stocks. The crowd at The Motley Fool does not like TJX and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on TJX.
“… Not moving much in the market and TJX, operates tj maxx and marshals, same-store sales, better than expected. Overall sales for all stores up 16% year over year and the company ... …”
Yearly Highs and TJX Recently Discussed on Closing Bell
Stick with it or dump it? Closing Bell discusses what an abnormally high price means for TJX's investors. Take note of Ockham's valaution on the stock as well.
The Ockham valuation currently has a Fairly Valued stance on TJX because it trades within the price range that we would expect given current market conditions and fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, The TJX Companies, Incorporated has actually sunk a bit in comparison to the others. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see The TJX Companies, Incorporated underperforming.
“… The discounters doing well, TJX, for example, we're expecting TJX up about 9%. We're expecting ross stores, sales up about 7%. Again, these are numbers. …”
TJX in Developing Markets on Street Signs
For growth, there is nowhere growing more rapidly than emerging markets. Recently, Street Signs talked about emerging markets and their impact on The TJX Companies, Incorporated.
The TJX Companies, Incorporated receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; TJX has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.
“… TJX is going to have a strong month. That's chatter is. Ross stores, big lots earlier today in their earnings report, they generally beat expectati that stock up throughout the ... …”
Fast Money Discussed TJX in Relation to M&A Activity
RazorWire captured a discussion on Fast Money that contained talk of M&A activity and TJX was mentioned as well.
The Ockham valuation currently has a Fairly Valued stance on TJX because it trades within the price range that we would expect given current market conditions and fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, The TJX Companies, Incorporated has actually sunk a bit in comparison to the others. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see The TJX Companies, Incorporated underperforming.
“… TJX. > > i&r cliffs. > > i'm bob pisani. See you tomorrow at 5:00 p. M. For more "fast money" on cnbc. > > > tomorrow m&a explosion. …”
Check Out Closing Bell and News on TJX
The latest news on Closing Bell in regards to TJX came through on RazorWire recently.
The TJX Companies, Incorporated receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. We noticed recently that in comparison to all other stocks we analyze in the news; TJX has received less coverage from the financial media in business television and blogs.
“… was a weak spot today. They've been higher of late, taking a bit of a downturn, tiffany, TJX and pier one give back today. …”