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:
"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."
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.
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.
If you're interested in investing in TJX stock, there are a few things you should keep in mind.
There are a number of benefits to investing in TJX stock, including:
There are also some risks associated with investing in TJX stock, including:
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.
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
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 |
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