TJX Retained at Neutral - Analyst Blog
2012年7月17日 - 2:44AM
Zacks
We recently reiterated our Neutral recommendation on The
TJX Companies (TJX). The company posted first-quarter
fiscal 2013 earnings of 55 cents per share, inching past the Zacks
Consensus Estimate by a penny. Reported earnings shot up 41% from
the prior-year earnings of 39 cents a share.
The better-than-expected first quarter results came on the back
of an 11.0% year-on-year rise in net sales. The growth was driven
by higher same-store sales in all of its stores.
Over the past several months, the company has been reporting
higher same-store sales. Buoyed by strong sales, management raised
its second quarter fiscal 2013 estimates.
Strong performance from domestic and the international stores
(Canada and Europe) led to sales growth that outpaced management’s
expectations. Further, well-chosen stocks at the stores
consistently improved customer traffic during the period.
Ongoing economic challenges in the developed nations have
compelled the consumer spending to shift from high-end products to
low priced goods. This is a benefit for discount stores like TJX
Companies, which demonstrates top-line growth even during
recessionary times.
However, the company is facing challenges with increasing input
costs, which are hurting its margins. The company fears that this
will become severe in the coming quarters.
Absence of international exposure deprives TJX of the benefits
of high growth opportunities of the developing nations like China,
Brazil, India, Mexico, Russia and Southeast Asia.
Based in Framingham, Massachusetts, The TJX Companies, Inc. is
the leading off-price retailer of apparel and home fashions in the
U.S. Currently, TJX Companies carries a Zacks #2 Rank (short-term
Buy rating).
TJX COS INC NEW (TJX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
TJX Companies (NYSE:TJX)
過去 株価チャート
から 6 2024 まで 7 2024
TJX Companies (NYSE:TJX)
過去 株価チャート
から 7 2023 まで 7 2024