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Top related persons:
Jim Cramer's - 5 Jim - 5 TJX - 5 Jim Cramer - 5 — - 3 HomeGoods — - 2 Matt Boss - 1 JPMorgan - 1
Top related locs:
Maxx Canada U.S Port St Lucie , Florida Pasadena , California TJX Telsey Prince
Top related orgs:
CNBC - 5 TJX - 4 Getty - 4 TJX Companies - 3 Marshalls - 3 Burlington Stores - 2 Walmart - 2 Costco - 2

Search resuls for: "HomeGoods —"


8 mentions found


☆ Top Street analyst is right about the stock of this off-price retailer: It's a buy
  + stars: | 2024-05-17 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. One possible catalyst for TJX stock is the company's quarterly earnings report this coming Wednesday before the opening bell. Part of the reason is also the growing appeal in off-price retailers and discounters as consumers in higher and higher income brackets seek value. "I continue to think that Costco is the stock to buy off of Walmart," Jim said Thursday.
Persons: Matt Boss, JPMorgan, Jim Cramer's, —, Boss, HomeGoods —, Jim, TJX, Walmart's, Jim Cramer, Jeff Greenberg Organizations: TJX Companies, Ross Stores, Burlington Stores, JPMorgan, Walmart, Costco, TJX, CNBC, Universal, Getty Locations: Maxx, Port St Lucie , Florida
☆ Off-price retailer TJX delivers another earnings beat, making its stock a buy
  + stars: | 2023-11-15 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
TJX Companies (TJX) reported better-than-expected fiscal year 2024 third-quarter results on Wednesday, while again raising its outlook for the full fiscal year — prompting us to upgrade the stock to a buy-equivalent rating. Same-store sales were positive in every segment, with results in the Marmaxx and HomeGoods divisions "entirely driven by customer traffic," according to the company. Management was forced to shave the company's fourth-quarter guidance range to reflect a 3 cent-per-share expense that was pushed out from the third quarter to the fourth. The company also reiterated its same-store sales forecast for the fourth quarter, while increasing its same-store sales forecast for the full year. As was the case with TJX's last earnings report, the company's higher-than-expected cost of sales is not cause for concern as it's a function of higher-than-expected sales results.
Persons: —, nitpicking, TJX, That's, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: TJX Companies, LSEG, Marshalls, Management, TJX, CNBC, Maxx Locations: Maxx, Canada, Pasadena , California
☆ What we're watching when off-price retailer TJX reports this week
  + stars: | 2023-11-14 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
When TJX Companies (TJX) reports quarterly results this week, we expect the off-price retailer to demonstrate continued momentum on both its top and bottom lines, helped by consumers looking for solid deals in an uncertain economic environment. And we're confident management can deliver a further expansion of gross margins as wary American consumers look for value at TJX's popular off-price chains. "Traffic remains the primary driver for comp in off-price," Barclays said in a recent research note previewing earnings for TJX and peers Ross Stores (ROSS) and Burlington Stores (BURL). Higher profits In addition to delivering higher sales, TJX continues to show improved profitability — a trend we expect to accelerate when the company reports on Wednesday. At the same time, according to Telsey, TJX faces headwinds from incremental store wage and payroll costs.
Persons: TJX, Ross, ROSS, Dana Telsey, Telsey, TJX's, Jim Cramer's, Jim Cramer, Jim, TJ Maxx, Prince George's, Chip Somodevilla Organizations: TJX, Marshalls, LSEG, Barclays, Burlington Stores, Telsey Advisory, CNBC, Shoppers, TJ, Getty Locations: Maxx, TJX, Telsey, Prince, Hyattsville , Maryland
☆ We're adjusting our price target on TJX Companies following a stellar quarter
  + stars: | 2023-08-16 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
TJX Companies ' (TJX) stronger-than-expected fiscal year 2024 second-quarter results on Wednesday demonstrate the off-price retailer's ability to offer value to consumers no matter the economic climate, prompting us to raise our price target on the stock. Operating cash flow more than tripled analysts' forecasts, while same-store sales growth was double what analysts had predicted. As a result, we're raising our price target on TJX stock to $100 a share, up from $88. TJX YTD line TJX Companies (TJX) year-to-date performance. Notably, management said Wednesday that both comparable-store sales growth and customer traffic improved sequentially each month of its fiscal second quarter.
Persons: —, TJX, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Refinitiv, Marshalls, Management, TJX, CNBC, TJ Maxx, Blue, Bloomberg, Getty Locations: Maxx, Canada, New York, U.S
☆ Consumer spending is slowing, but these two Club retailers are well-positioned to ride out the storm
  + stars: | 2023-05-23 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
First-quarter earnings results from retailers this season have shown softer discretionary spending to be the primary headwind facing companies across numerous retail categories. If consumer spending declines too precipitously, it could help tip the U.S. economy into recession. The wholesale retailer's monthly comparable-sales reports have shown Costco shoppers scaling back on discretionary items and prioritizing consumer staples. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida.
Persons: Mary Dillon's, Jim Cramer, Jim, we're, HomeGoods —, TJX, Jim Cramer's, Paul Hennessy Organizations: TJX Companies, Costco Wholesale, Lowe's Companies, Target, Walmart, Club, Fed, Ross, Costco, BJ's Wholesale Club Holdings, CNBC, Shoppers, Getty Locations: U.S, Orlando , Florida
☆ Discount retail operator TJX shows it can deliver profits in a slowing economy
  + stars: | 2023-05-17 | by ( Zev Fima | ) www.cnbc.com   time to read: +6 min
Of course, as management noted Wednesday, they were also able to put the right items in the right stores at the right time. The operating environment undoubtedly remains uncertain for the retail industry, with consumers increasingly cost conscious amid a slowing economy. Quarterly results Fiscal first-quarter SSS rose 3% year-over-year, matching the high end of the 2% to 3% guidance range management provided the prior quarter. That was driven by a 5% same-store-sales increase at Marmaxx, a 1% increase at TJX Canada and 4% advance at TJX International. On a constant currency basis, sales at TJX Canada were up 3% year-over-year, while sales at TJX International — which includes operations in Europe and Australia — were up 5% annually.
☆ Warren Buffett is missing out on this year’s market comeback
  + stars: | 2023-02-19 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.
☆ Bargain retailer TJX strategically placed to navigate a recession, JPMorgan says
  + stars: | 2022-10-17 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
TJX Companies (TJX) is competitively positioned to weather an economic slowdown, JPMorgan said Monday, underscoring the Club case for owning the off-price retailer. JPMorgan analysts added TJX — whose brands include T.J Maxx, Marshalls and HomeGoods — to their "Analyst Focus List," while reiterating an overweight rating and a Dec. 2023 price target of $80 a share. TJX stock, which is down about 13% year-to-date, was trading up more than 4% in midday trading Monday, at roughly $66.23 a share. That's helped to insulate the retail operator from a recession, JPMorgan analysts argued, and should allow management to make good on its promise to expand merchandise margins within the next three years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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