|Bid||76.18 x 1100|
|Ask||95.38 x 45900|
|Day's range||94.25 - 95.25|
|52-week range||66.44 - 95.91|
|PE ratio (TTM)||21.86|
|Earnings date||21 Aug 2018|
|Forward dividend & yield||1.56 (1.86%)|
|1y target est||94.95|
The TJX Companies, Inc. today announced the declaration of a quarterly dividend on its common stock of $.39 per share payable September 6, 2018, to shareholders of record on August 16, 2018.
Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5. The off-price retailer generated net sales of $1.52 billion, exceeding analysts’ expectation of $1.49 billion. Burlington Stores’ sales grew 12.8% on a year-over-year basis.
Some analysts revised their price targets for Ross Stores (ROST) stock after the company announced its fiscal first-quarter results after the markets closed on May 24. On May 25, Deutsche Bank lowered its price target to $91.00 from $94.00. Jefferies raised its price target to $76.00 from $73.00, and J.P. Morgan increased its price target to $92.00 from $91.00.
Ross Stores’ (ROST) gross margin grew about 20 basis points on a year-over-year basis to 29.7% in its fiscal first quarter. The company’s gross margin benefited from 30 basis points of higher merchandise margin as well as a decline of 15 basis points in distribution costs resulting from the shift in timing of packaway-related expenses to the fiscal second quarter. Its gross margin also benefited from its leverage of 15 basis points in occupancy costs.
Ross Stores (ROST) generated sales of $3.59 billion in the fiscal first quarter, ahead of the analysts’ expectation of $3.54 billion. Ross Stores’ sales grew 8.5% on a year-over-year basis in the fiscal first quarter while its same-store sales were up 3.0%.
The stock price of off-price retailer Ross Stores (ROST) declined 6.8% on May 25, as investors were displeased with the company’s lower-than-expected earnings outlook. Ross Stores announced its results for the fiscal first quarter after the market closed on May 24.
The off-price retailer explains how its latest results point to a long runway of sales and profit gains ahead.
TJX Companies (TJX) gains from sturdy comps, courtesy of effective merchandising efforts. However, higher wages and freight expenses are concerns.
The retailer maintained its trajectory of strong long-term sales and earnings growth last quarter. Nevertheless, the stock pulled back in after-hours trading on Thursday -- creating a nice buying opportunity.
TJX Companies’ (TJX) gross margin declined by ten basis points to 28.9% year-over-year in the first quarter of fiscal 2019, which ended on May 5. Its gross margin declined due to a lower merchandise margin at the company’s HomeGoods segment due to an increased markdown recorded earlier in its fiscal first quarter. TJX Companies’ operating margin improved 30 basis points year-over-year to 11.1% in the first quarter of fiscal 2019.
After the closing bell, Ross Stores earnings topped for the quarter, but the off-price retailer's current-quarter guidance fell short of views.
If you’re in the market for something new from Ralph Lauren Corp. you may have to shop around a bit more. Ralph Lauren (RL) Chief Executive Patrice Louvet said, on the Wednesday morning earnings call, that the luxury brand closed about 25% of its U.S. department store distribution during fiscal 2018, as well as 31 directly-operated retail stores. “Combined, these actions are repositioning our overall store base to deliver high-quality future sales growth,”Louvet said, according to a FactSet transcript.
TJX Companies (TJX) has surpassed analysts’ expectations for the seventh time in the past nine quarters. Its net sales of $8.7 billion in the first quarter of fiscal 2019 came in ahead of the consensus analyst estimate of $8.5 billion. Investors were impressed with the 11.6% year-over-year growth compared to 3.2% sales growth in the previous year.
TJX Companies (TJX) surpassed analysts’ consensus sales estimate in the first quarter of fiscal 2019 but lagged on earnings expectations. Its adjusted EPS of $0.96 missed the consensus analyst expectation of $1.02. It excluded a $0.17 benefit associated with a lower US corporate tax rate.
TJX Companies (TJX) stock rose 3.2% on May 22, the day the company announced its results for the first quarter of fiscal 2019. Then the stock rose 0.5% on May 23. TJX reported strong sales growth of 11.6% in the first quarter.
TJX Cos. , whose portfolio of off-price chains includes T.J. Maxx and Marshalls, saw its price target jump to $105 from $98 at Susquehanna Financial Group, with analysts calling it "one of the best business models in the entirety of retail." Susquehanna rates TJX shares positive. Susquehanna thinks the company should "continue to drive sales and earnings growth well into the future." MKM Partners also raised TJX's price target, to $99 from $94. "The comp momentum in 1Q was an upside surprise and occurred despite residual merchandising and freight issues, which are in the rearview mirror." MKM rates TJX shares buy.