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Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
CNBC· 2024-03-12 11:15
In this articleAMZNULTAWBATJXwatch nowIn a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police don't suspect that Mack, 53, took the items herself. Instead, they say, she pulled the strings from the shadows, employ ...
Are Investors Expecting Too Much From TJX?
The Motley Fool· 2024-03-09 18:12
Wall Street has a habit of getting overly excited about things, often projecting strong financial performance over a quarter or two into the indefinite future. When this happens, investors sometimes push stock prices to levels that, in hindsight, appear unrealistic.TJX Companies (TJX 0.16%) is currently trading near all-time highs after posting strong fiscal 2024 results. Are investors too optimistic here about the future performance of this discount retailer?TJX had a very good yearIn the fiscal fourth qua ...
TJX Companies Stock: Take Profits or Buy the Dip?
MarketBeat· 2024-02-29 17:45
Key PointsThe TJX Companies had a solid quarter despite tepid results relative to analysts' forecasts. Capital returns are robust and drive value for shareholders. Analysts are raising their targets, which may lead the market to a new high. 5 stocks we like better than TJX CompaniesTJX Companies NYSE: TJX rallied strongly over the last few months but peaked following the Q4 release. The post-earnings action forms an ominous candle pattern that could lead to a significant correction. The pattern is a Shootin ...
The TJX Companies (TJX) Q4 Earnings Meet Estimates, Sales Rise
Zacks Investment Research· 2024-02-29 16:41
The TJX Companies, Inc. (TJX) posted fourth-quarter fiscal 2024 results, with the top and the bottom line increasing year over year. Net sales surpassed the Zacks Consensus Estimate while earnings met the same.Quarter in DetailTJX Companies’ earnings came in at $1.12, rising 26% year over year. The metric came in line with the Zacks Consensus Estimate.Net sales came in at $16,411 million, up 13% year over year (up 12% at constant currency or cc). The metric surpassed the Zacks Consensus Estimate of $16,200. ...
TJX Exceeds Expectations In 4th Quarter Report – Outlook Very Strong
Forbes· 2024-02-28 19:54
A TJ Maxx store in Pearland, Texas, USA.gettyTJX Companies reported year-end total sales of $54.2 Billion, an increase of 10.3% over 2023 sales of $49.9 Billion. Diluted earnings per share were $3.86 compared to last years’ diluted earnings per share of $2.97 a 30% increase. Management said at these figures were above expectation.CEO Ernie Herman, proud of his team, said: “Thanks to the excellent execution of our great business model we delivered outstanding results in both he top and the bottom line that e ...
TJX(TJX) - 2024 Q4 - Earnings Call Transcript
2024-02-28 19:23
The TJX Companies, Inc. (NYSE:TJX) Q4 2024 Results Conference Call February 28, 2024 11:00 AM ET Company Participants Ernie Herrman - CEO, President & Director Deb McConnell - SVP, Global Communications John Klinger - EVP & CFO Conference Call Participants Paul Lejuez - Citigroup Brooke Roach - Goldman Sachs Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Jay Sole - UBS John Kernan - TD Cowen Alex Straton - Morgan Stanley Michael Binetti - Evercore ISI Marni Shapiro - The Retail Tracker Operat ...
No Let Up At Off-Price Giant TJX As Retailer Tops $50 Billion Sales
Forbes· 2024-02-28 17:23
TJ Maxx passed the $50 billion sales milestone for its latest financial year. Photographer: Andrew ... [+] Harrer/Bloomberg© 2020 Bloomberg Finance LPThe TJX Companies TJX announced record-breaking full-year sales this morning of over $50 billion and the retailer is approaching 5,000 stores globally, as the off-price giant shows few signs of taking its foot off the gas.TJX reported net income of $1.4 billion for the quarter ended Feb. 3, compared with $1.0 billion in the prior year period, as net sales rose ...
2 Retail Stocks Trading Places Today
Schaeffers Research· 2024-02-28 16:21
The retail sector is weighing two vastly different corporate reports today. Urban Outfitters, Inc. (NASDAQ:URBN) is sharply lower, while TJX Companies Inc (NYSE:TJX) is inching higher, as both stocks pass each other on the road to record highs.  URBN was last seen 12.9% lower to trade at $41.11, on track for its worst single-session drop since March 2020. The specialty retailer's fourth-quarter earnings and revenue both whiffed on estimates, yet four brokerages hiked their price targets, the highest coming ...
Compared to Estimates, TJX (TJX) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-28 15:36
TJX (TJX) reported $16.41 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 13%. EPS of $1.12 for the same period compares to $0.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $16.2 billion, representing a surprise of +1.30%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...
TJX (TJX) Matches Q4 Earnings Estimates
Zacks Investment Research· 2024-02-28 14:40
TJX (TJX) came out with quarterly earnings of $1.12 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $0.97 per share when it actually produced earnings of $1.03, delivering a surprise of 6.19%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.TJX ...