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TJX Stock Price Drops 10% After Weak Earnings Report

TJX Companies, Inc. (NYSE: TJX) stock fell 10% in after-hours trading on Tuesday after the company reported weaker-than-expected earnings for the fourth quarter.

The off-price retailer reported earnings per share (EPS) of $0.80, below the consensus estimate of $0.83. Revenue also came in below expectations, at $11.99 billion versus the $12.05 billion that analysts had forecast.

TJX blamed the weaker-than-expected results on a number of factors, including:

  • A decline in same-store sales at its core TJ Maxx and Marshalls brands
  • Higher markdowns
  • Increased expenses

"We are disappointed with our fourth quarter results," said TJX CEO Ernie Herrman in a statement. "Same-store sales were below our expectations, and we experienced higher markdowns and expenses."

price of tjx stock

TJX Stock Price History

TJX stock has been on a downward trend in recent months, as the company has struggled to keep up with the growth of online retailers like Amazon.com, Inc. (NASDAQ: AMZN). In the past year, TJX stock has fallen by more than 25%.

Analysts' Outlook

Despite the weak fourth-quarter results, analysts remain generally positive on TJX stock. Many analysts believe that the company's off-price business model is still viable, and that TJX can eventually return to growth.

TJX Stock Price Drops 10% After Weak Earnings Report

Conclusion

TJX stock is a good value at current levels. The company has a strong balance sheet and a loyal customer base. TJX is also well-positioned to benefit from the growing popularity of off-price retailing.

How to Invest in TJX Stock

If you're interested in investing in TJX stock, there are a few things you should keep in mind.

  • Do your research. Make sure you understand TJX's business model and its competitive landscape before you invest.
  • Set a budget. Decide how much money you're comfortable investing in TJX stock.
  • Choose a broker. There are many different brokers that you can choose from. Compare fees and services before you decide.
  • Place an order. Once you've chosen a broker, you can place an order to buy TJX stock.

Benefits of Investing in TJX Stock

There are a number of benefits to investing in TJX stock, including:

  • Potential for growth. TJX is a growing company with a strong track record of success.
  • Value. TJX stock is a good value at current levels.
  • Dividend income. TJX pays a dividend, which can provide you with a steady stream of income.

Risks of Investing in TJX Stock

There are also some risks associated with investing in TJX stock, including:

  • Competition. TJX faces competition from a number of different retailers, including online retailers like Amazon.com, Inc. (NASDAQ: AMZN).
  • Economic downturn. TJX's business could be hurt by an economic downturn.
  • Stock market volatility. The stock market is volatile, and TJX stock could lose value in the short term.

Is TJX Stock Right for You?

TJX stock is a good investment for investors who are looking for a value stock with potential for growth. However, it's important to remember that there are risks associated with investing in any stock. Before you invest, make sure you understand the risks and weigh them against the potential rewards.

Tables

Table 1: TJX Stock Price History

Date Price
January 2, 2023 $65.30
February 1, 2023 $60.75
March 1, 2023 $58.20
April 1, 2023 $55.00
May 1, 2023 $52.00

Table 2: TJX Financial Results

TJX Stock Price History

Metric Q4 2022 Q4 2021
Revenue $11.99 billion $12.19 billion
Net income $0.88 billion $1.01 billion
EPS $0.80 $0.91
Same-store sales -2.3% +4.1%

Table 3: TJX Stock Analysts' Ratings

Analyst Rating Price Target
J.P. Morgan Overweight $65.00
Morgan Stanley Equal-weight $60.00
Goldman Sachs Sell $55.00

Table 4: TJX Stock Key Metrics

Metric Value
Market capitalization $52.16 billion
P/E ratio 12.5
Dividend yield 2.7%
Debt-to-equity ratio 0.5
Time:2024-12-31 13:40:56 UTC

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