For its fourth fiscal quarter (ending January 31), The TJX Companies Inc (NYSE: TJX) has reported a 36% increase in E.P.S. from $0.90 a year ago to $1.22 in the current quarter. This performance was $0.11 better than the consensus estimate of $1.11. For the latest four quarters through January 31, E.P.S. were $3.86 versus $3.00 for the same period a year ago — an increase of 29%.
Recent Price Action
On 2/28/24, The TJX Companies Inc (NYSE: TJX) stock rose modestly by 0.6%, closing at $101.10. Moreover, unusually high trading volume at 164% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TJX is expected to continue to be a major Value Builder.
TJX Companies has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. TJX Companies has a slightly negative Appreciation Score of 34 but a very high Power Rating of 86, and the High Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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