TJX (TJX, $54.52) reports wider-than-expected Q2 loss
TJX reported a wider-than-expected fiscal-second-quarter loss.
For the three months ended Aug. 1, the off-price department company’s loss came in at -18 cents a share, compared to loss of -10 cents that Factset analysts had expected. In the year-ago period, it raked in profit of 62 cents.
The company’s revenue fell -32% year-over-year to $6.67 billion, compared to the FactSet analyst forecast of $6.55 billion.
TJX had cash of $6.6 billion as of the end of the quarter.
During the second quarter, TJX paid off the $1 billion it drew from its revolving-credit facilities in March 2020.
According to Tickeron, TJX's 10-day Moving Average broke above its 50-day Moving Average on August 10, 2020
This price move may be construed as a buy signal, indicating that the trend is shifting higher. In 11 of 18 cases where TJX's 10-day Moving Average crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 61%.
Current price $54.52 crossed the support line at $54.79 and is trading between $54.79 support and $53.51 support lines. Throughout the month of 07/17/20 - 08/18/20, the price experienced a +9% Uptrend, while the week of 08/11/20 - 08/18/20 shows a -0.10% Downtrend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator exceeded the 0 level on August 03, 2020. Traders may consider buying the ticker or exploring call options. In 56 of 95 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 59%.
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where TJX's MACD histogram became positive, in 29 of 52 cases, the price rose further within the following month. The odds of a continued Uptrend are 56%.
The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 27 of 55 similar backtested cases where TJX's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 49%.
The Aroon Indicator entered an Uptrend today. In 107 of 273 similar cases where TJX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 39%.
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 16 of 38 cases where TJX's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 42%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 19 of 41 cases where TJX's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 46%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 74%. During the last month, the daily ratio of advancing to declining volumes was 1.33 to 1.
The Tickeron PE Growth Rating for this company is 15 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 34 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 37 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 47 (best 1 - 100 worst), indicating steady price growth. TJX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 79 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TJX's P/B Ratio (14.52) is slightly higher than the industry average of (4.20). P/E Ratio (42.22) is within average values for comparable stocks, (34.77). Projected Growth (PEG Ratio) (2.29) is also within normal values, averaging (6.43). Dividend Yield (1.56) settles around the average of (2.28) among similar stocks. P/S Ratio (1.57) is also within normal values, averaging (0.72).
TJX's RSI Oscillator entering oversold zone
The RSI Indicator for TJX moved into overbought territory on April 18, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TJX advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 291 cases where TJX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TJX as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TJX turned negative on April 03, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
TJX moved below its 50-day moving average on April 03, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TJX crossed bearishly below the 50-day moving average on April 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TJX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TJX broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TJX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TJX's P/B Ratio (15.552) is very high in comparison to the industry average of (3.862). P/E Ratio (25.829) is within average values for comparable stocks, (100.955). TJX's Projected Growth (PEG Ratio) (2.591) is slightly higher than the industry average of (1.444). Dividend Yield (0.013) settles around the average of (0.027) among similar stocks. P/S Ratio (2.131) is also within normal values, averaging (2.003).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a chain of retail apparels and home fashions stores
Industry ApparelFootwearRetail