Latest news with #Marshall's
Yahoo
7 days ago
- Business
- Yahoo
Analysts Are Saying TJX Companies Is a Buy Despite Lackluster Quarterly Earnings. Are They Right?
While the retailer showed growth in the first quarter of its fiscal 2026, its guidance left something to be desired. Nevertheless, a pack of analysts published bullish notes on the TJ Maxx and Marshall's owner after its earnings. These 10 stocks could mint the next wave of millionaires › TJX Companies (NYSE: TJX), the retail conglomerate that owns TJ Maxx and Marshall's, didn't wow the market with its most recent quarterly performance. In mid-May it published first-quarter of its fiscal 2026 results that disappointed investors, who traded out of the company's stock mainly due to weaker-than-expected guidance. Somewhat counter-intuitively, however, a clutch of analysts tracking TJX stock reiterated their bullish takes on the company, with several going so far as to raise their price targets. Let's unpack the reasons for this and determine whether such optimism is justified. One indisputably positive element of TJX's first quarter was that the company managed to grow its most crucial sales figures. Its top line was slightly over $13.1 billion, representing improvement of 5% on a year-over-year basis -- rather a high rate for a discount retailer, and one that's been in the game as long as TJX. That top-line number also exceeded the consensus analyst estimates, if only slightly. Same-store sales, always a crucial metric in the retail game, also didn't look bad -- they increased by 3% during the period. Meanwhile, the company's overall store count grew by 26 (to an end-quarter tally of 5,121), and of course that rise was at least partially responsible for the higher net sales. Net income, based on GAAP (generally accepted accounting principles), went in the opposite direction, dipping by 3% to a shade over $1 billion. Like overall sales, this very modestly exceeded the average pundit projection. So there wasn't anything overly concerning in TJX's key metrics for the quarter. The rub, however, was in the company's guidance. With the proviso that its assumptions were based on the state of the U.S.-China tariff dispute as of May 21, management provided an outlook for both its current (second) quarter, and the entirety of fiscal 2026. TJX is modeling comparable sales growth of 2% to 3% year over year for the quarter, with earnings per share (EPS) coming in at $0.97 to $1. The latter range is 1% to 4% over the actual second quarter of fiscal 2025 result, yet those analysts following the company's stock have an average $1.04 estimate for the metric. For the entirety of this fiscal year, TJX is anticipating that "comps" will rise at a 2% to 3% clip, which is somewhat dispiriting given that fiscal 2025's growth was 4%. Anyway, this should filter down into per-share earnings of $4.34 to $4.43, meaning year-over-year improvement of at least 2%. Again, though, the consensus analyst estimate is some distance north of that range, at $4.49. It's safe to say that that bottom-line guidance misses were the chief drivers of the stock's post-earnings sell-off. The continued uncertainty over the state of our up-and-down tariff spat with China wasn't helping sentiment. either. None of this dissuaded most of the analysts making those projections. A typical reaction was the one from Bank of America Securities' Lorraine Hutchinson, who confidently reiterated her buy recommendation on the stock and $145 per share price target (which anticipates double-digit upside for the shares of 15%). According to reports, Hutchinson feels that TJX is still effectively targeting "trade down" consumers, i.e. folks looking to save money by purchasing more modestly priced items than previously. At the same time, management is doing a fine job leveraging quality branded products to capture market share in a range of demographics. As for tariffs, the analyst essentially believes that they are already priced into the stock. She wrote that much of the pressure of the tariffs is contained, at least in this current quarter. With those factors, the BofA Securities pundit slightly increased her EPS forecasts for both this and next fiscal year. Let's get down to it -- does all this make TJX shares a buy? I'd say yes. I agree with bullish takes like Hutchinson's, sharing the observations that management is working well with what it has to offer customers. I, too, am impressed with its efforts to fine-tune product mix. By my personal observation. TJ Maxx and Marshall's outlets continue to be durably popular and well trafficked. I think there are solid reasons for this. Another reason to like TJX is that it is one of the steadiest and most reliable dividend payers in the retail sector. In fact, its latest dividend raise is about to kick in, for the 28th time in the last 29 years. That combination of good prospects for fundamental growth and a regular payout constantly boosting shareholder income is appealing to me. I'm siding with the bulls on TJX stock. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $340,468!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,070!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $639,271!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 19, 2025 Bank of America is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America and TJX Companies. The Motley Fool has a disclosure policy. Analysts Are Saying TJX Companies Is a Buy Despite Lackluster Quarterly Earnings. Are They Right? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
22-05-2025
- Boston Globe
In R.I., 9 of 14 Belgian Malinois dogs seized after running amok in Narragansett shopping plaza
RISPCA received a call from animal control to respond to the scene around 11 a.m., as officials were uncomfortable allowing the owner of the dogs to continue on the journey with such a large number of animals, Kezirian said. Advertisement When Kezirian arrived, he learned the 14 dogs had run amok in the shopping center, but the owner had been able to corral them back in his SUV by the time Kezirian got there, Kezirian said. Seeing the vehicle stuffed like a 'clown car,' Kezirian said the scene left him feeling like he was daydreaming. Advertisement 'I felt like I was at a red light …. and someone behind me was repeatedly beeping the horn, because there were so many dogs in this car that they were repeatedly rubbing up against the horn button, and the horn in that car was going off constantly,' he said. 'That's how many of those dogs were in the car.' Kezirian said it was reported that at least three dogs, when they were loose, entered the nearby Marshall's and HomeGoods stores. Cait Sincerny told 'It was chaotic at first,' she said. 'Everyone was just shocked at what they were seeing.' Belgian Malinois are 'a breed that's bred to be protective,' Kezirian said. 'It's highly sought after, if you get the right dog, for police work,' he said. 'They appear to be similar to, but a bit taller and lankier than most German Shepherds [and are] highly intelligent and very protective of the owner.' A plan was ultimately devised to drive the dogs to a nearby ball field that was fenced and gated, so the owner could remove the dogs one by one, under the condition that several of them would be surrendered, according to Kezirian. 'When he opened the door to start taking the dogs out one at a time, the dogs rushed the door, and all 14 of the dogs escaped at one time,' Kezirian said. In the fray, some dogs began attacking a younger one, he said. 'They were mauling that dog until one of the police officers from Narragansett …, went in – with great personal risk – and scooped that dog up,' Kezirian said. Advertisement The officer pepper-sprayed the attacking dogs, and turned over the injured one to the RISPCA, he said. According to Kezirian, the dog was severely injured and was in surgery until later Wednesday night, but is expected to survive. RISPCA also took in two others, and the animal shelter took custody of six others, as per an arrangement negotiated with the owner, Kezirian said. The man was not criminally charged and was cooperative, he said. Narragansett police and South Kingstown Animal Control did not immediately return requests for additional information on Thursday. 'The negotiated deal allowed the owner to keep five of them, and the reason I did that is that two of them were epileptic and would not have been adoptable,' Kezirian said. 'Two of them were older and he was clearly attached to them and appeared to be in good enough condition, and one was a dog that I, from a practical perspective, couldn't handle on site and he could.' According to Kezirian, if dogs are not seized with an agreement and are part of a criminal case, they can be 'in the system for months or years as the case proceeds through the court' before they can be put up for adoption. 'We make these difficult decisions in a lot of these instances so that we can take immediate ownership and we can deal with these dogs and place them more quickly for the benefit of the animal,' he said. 'It's always a difficult choice when we negotiate these but that's the incentive for that agreement.' Kezirian said the three dogs RISPCA took were all between nine and 12 months old and underweight, but otherwise are 'relatively healthy.' The owner said he ran out of money and had been rationing their food during the trip, according to Kezirian. Advertisement However, Narragansett police officers 'of their own accord, made sure that he had food in the car before he left,' he said. Kezirian said RISPCA regularly sees cases involving hoarding tendencies, which he suspects was a factor in what happened in this instance. But he has never encountered anything quite like what happened on Wednesday, 'with animals in a parking lot running free,' he said. 'When these dogs bolted out of that car, it was more than just looking like a clown car,' he said, describing when the dogs were let loose on the ball field. 'They were just tumbling out of that car and chasing that other dog. It was a pretty ugly scene.' Christopher Gavin can be reached at
Yahoo
26-03-2025
- Yahoo
DC man says armed suspects tried to steal his car with daughter, granddaughter inside
The Brief A D.C. grandfather says he was held at gunpoint by two men during an attempted carjacking. He says the men tried to steal his car, while his daughter and granddaughter were still inside it. D.C. police are continuing their search for the two suspects. WASHINGTON - A D.C. grandfather tells FOX 5 he's still feeling shocked and upset after two men armed with a gun tried to carjack him in the Chevy Chase neighborhood Monday night. Malcolm Jordan, 51, says he was at a Marshall's in the 5300 block of Wisconsin Avenue around 7 p.m. when a dark-colored Dodge Hellcat pulled up next to his Audi SUV, where his 7-year-old granddaughter and 8-year-old daughter were seated. He says one of the suspects got out of the Hellcat and confronted Jordan while the other remained in the car, pointing a gun at him. The man then jumped into Jordan's car and attempted to steal it using a USB device, but according to Jordan, it didn't work. The suspect got out of Jordan's car and the two men drove off in the Hellcat, leaving the grandfather and young girls shaken. "t's an inconvenience because I had my daughter and granddaughter with me. It gives them nightmares. I don't want them to have to go through that as well," Jordan said. D.C. police are urging anyone with information to contact them. The Source Metropolitan Police Department, FOX 5 reporting
