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Aug 19, 2020

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).

Related Ticker: TJX

TJX in upward trend: 10-day moving average moved above 50-day moving average on May 13, 2024

The 10-day moving average for TJX crossed bullishly above the 50-day moving average on May 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where TJX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on April 25, 2024. You may want to consider a long position or call options on TJX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TJX just turned positive on April 25, 2024. Looking at past instances where TJX's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

TJX moved above its 50-day moving average on May 06, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TJX advanced for three days, in of 322 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 289 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 10-day RSI Indicator for TJX moved out of overbought territory on May 20, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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 May 24, 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)

Fear & Greed

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 77, 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 outstanding 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 (3.930). P/E Ratio (25.829) is within average values for comparable stocks, (102.859). 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 (2.038).

Notable companies

The most notable companies in this group are TJX Companies (NYSE:TJX), lululemon athletica (NASDAQ:LULU), Gap (The) (NYSE:GPS), Abercrombie & Fitch Co (NYSE:ANF), Foot Locker (NYSE:FL), Guess (NYSE:GES), Stitch Fix (NASDAQ:SFIX).

Industry description

Companies in the apparel and/or footwear retail industry sell clothing, accessories and footwear, for different age groups and genders. The industry’s product categories could range from basics, such as underwear, to luxury items. Some retailers source items from wholesalers or an apparel brand to sell in their stores; some others are licensed to make and market their own retail goods under particular brands. Several companies outsource production of clothing to developing/emerging economies where labor costs are relatively inexpensive. Apparel retail is often influenced by fashion trends, and many companies feel the need to adapt to what’s “in vogue” to retain customers and attract new ones. A major disruption in this industry has been the burgeoning trend in digital shopping – to compete with rapidly growing e-commerce, even traditional retail players are upping the ante on their online platforms. Much of the products’ performance in apparel/footwear retail is cyclical, i.e., economic boom times encourage consumer spending, while recessions induce thriftiness among people. Some large-cap U.S. apparel/footwear retail companies include TJX Companies Inc., Ross Stores, Inc., Lululemon Athletica Inc. and Burlington Stores, Inc.

Market Cap

The average market capitalization across the Apparel/Footwear Retail Industry is 12.67B. The market cap for tickers in the group ranges from 256K to 119.4B. IDEXY holds the highest valuation in this group at 119.4B. The lowest valued company is DESTQ at 256K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Retail Industry was -1%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 92%. ESHDF experienced the highest price growth at 19%, while DBGI experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Retail Industry was 22%. For the same stocks of the Industry, the average monthly volume growth was 16% and the average quarterly volume growth was 110%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 44
Price Growth Rating: 55
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: 13 (-100 ... +100)
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A.I.Advisor
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General Information

a chain of retail apparels and home fashions stores

Industry ApparelFootwearRetail

Profile
Fundamentals
Details
Industry
Apparel Or Footwear Retail
Address
770 Cochituate Road
Phone
+1 508 390-1000
Employees
329000
Web
https://www.tjx.com
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