Latest news with #TJXCos
Bloomberg
21-05-2025
- Business
- Bloomberg
TJ Maxx Operator Says It Has Flexibility to Offset Tariffs
TJX Cos. executives said the company's global network of vendors and flexibility on price and merchandise will help the company manage tariff pressures. 'We believe there's opportunity for us to buy better,' said Chief Executive Officer Ernie Herrman on a call with analysts.
San Francisco Chronicle
21-05-2025
- Business
- San Francisco Chronicle
TJX: Fiscal Q1 Earnings Snapshot
FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Wednesday reported fiscal first-quarter earnings of $1.04 billion. On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 92 cents. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. The parent of T.J. Maxx, Marshalls and other stores posted revenue of $13.11 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $13.02 billion. TJX expects full-year earnings to be $4.34 to $4.43 per share. _____
Reuters
21-05-2025
- Business
- Reuters
Off-price retailer TJX beats quarterly sales estimate
May 21 (Reuters) - TJX Cos (TJX.N), opens new tab beat Wall Street expectations for first-quarter sales on Wednesday, as shoppers looking for deals to save money in the face of growing economic uncertainties flocked to the stores of the off-price retailer. Net sales at the TJ Maxx parent were at $13.11 billion for the quarter ended May 3, compared with analysts' average estimate of $13.01 billion, according to data compiled by LSEG.
Economic Times
18-05-2025
- Business
- Economic Times
US stock market outlook: Will S&P 500, Dow Jones, Nasdaq open in green on Monday?
US stock market prediction is out and S&P 500, Dow Jones, and Nasdaq investors will eye positive trading. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs US stock market and the Wall Street's key indexes -- S&P 500 Dow Jones , and Nasdaq -- will look to continue its positive momentum throughout the week starting on April have staged a massive recovery since President Donald Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the stock market just continues to bounce back, experts told Reuters.A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors topic of interest is whether shoppers will "trade down" to less expensive items "because people are nervous about rising prices," said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade.A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq.A2. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the year.
Yahoo
10-04-2025
- Business
- Yahoo
Veteran trader revisits stock price target for retailer TJX amid dueling tariffs
Ernie Hermann is always on the lookout for a bargain. The chief executive of TJX Cos. () explained his position during a February earnings call with analysts, after the parent of T.J. Maxx, Marshall's and HomeGoods beat Wall Street's fiscal-fourth-quarter expectations. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 "We believe that our relentless focus on value every day through a combination of brand, fashion, price and quality will continue to resonate with shoppers," he said. He noted the company's "very wide demographic." "We want to sell everyone and believe our offerings across good, better and best brands appeal to shoppers across most income and age demographics," Hermann approach can do wonders for a retailer, especially as President Donald Trump's tariffmania grips the globe and stocks recently got hammered harder than a rodeo clown at Cheyenne Frontier Days. It's been a tough time for the retail sector. Store closures spiked in 2024, and Coresight Research expects closures to more than double this year, to about 15,000. U.S. store closures totaled 7,325 last year, the firm said, the most since 2020, when Coresight Research tracked almost 10,000 closures. Stocks were surging at last check on news that Trump might be open to trade talks with some countries. More experts: Treasury Secretary has blunt 3-word response to stock market drop Fed chairman has blunt 9-word response to recession talk Billionaire Ray Dalio's blunt message on economy turns heads Marc Zabicki, chief investment officer at LPL Financial, said it had been reported that many countries had come forward, willing to negotiate the tariff terms. 'Countries in the eurozone (in aggregate), Asia-Pacific and South America have been some of the most notable,' he said. 'This is a good sign and, again, likely part of the plan as far as the Trump administration is concerned. The U.S. set its tariff marker and compelled affected countries to come to the table. Call it Negotiation 101.' Zabicki said the outcome was likely to be U.S. tariffs that are far less than those outlined last week and potential concessions from those countries the Donald Trump administration targeted as applying unfair practices. 'The biggest and admittedly significant holdout so far has been China, although that was to be expected,' he added. That's for sure. China's Commerce Ministry said it 'resolutely" opposed Trump's threat of escalating tariffs and vowed "to fight to the end." TJX's Hermann reminded analysts during the earnings call that the "direct imports for China for us are an extremely small percentage of our business." Shares of TJX, which is expected to report earnings next month, are up 27% from a year ago. On April 3, Citi upgraded TJX to buy from neutral and boosted its price target to $140 from $128. Tariffs are likely to create "significant disruption" in the market, greatly increasing the availability of product to the off-price retailers at attractive prices, Citi said, according to The Fly. At the same time, the firm said a potentially weakening consumer environment will mean more consumers are likely to trade down to the off-price channel in search of said that it views off-price as "defensively positioned" in the near term but well-positioned for continued growth in the long term as other retailers "struggle and close stores." The firm expects TJX to benefit from an attractive buying environment. TheStreet Pro's Stephen Guilfoyle says TJX has a unique advantage among its retail competitors. The Wall Street veteran, who has a $147 price target on TJX, noted in his recent column that plenty of retailers target the budget-conscious consumer. These retailers, he said, led largely by Walmart () , Kohl's () , Dollar Tree () and Five Below () , will see business increase if the economy approaches recession as more and more consumers will turn into bargain hunters. "The difference, for a firm like TJX and a few others, is that many of those other retailers import cheaper goods, much of them from China, in order to keep prices low," he said. "With the recently announced tariffs, these retailers will be forced to choose between diminishing margins and having to raise prices." The longtime trader, whose career dates back to the floor of the New York Stock Exchange in the 1980s, said TJX's balance sheet "is in significantly better shape than many retailers and what we have come to expect from them." "Should either the economy slow significantly or the new tariffs stand for longer than anyone hopes — or both — TJX is likely to be a beneficiary of that environmental change in a field that would almost certainly sustain heavy damage," he in to access your portfolio
