TJX: Consumer Trends for April Quarter are Positive
Summary:
Eagle Alpha’s Search Signal for TJX Companies is inflecting to the upside. Both the one month and three month signal are up sharply quarter to date. This is an early read on consumer demand for the quarter and appears to be quite positive for fundamentals.
Eagle Alpha Insight:
While the signal is an early read on the quarter, it implies that consumer demand may lead to upside in same store sales in the current quarter or in company guidance.
TJX Companies is an off-price apparel and home fashions retailer. The company's segments comprised of: Marmaxx, which sells family apparel (including footwear and accessories), home fashions (including home basics, decorative accessories and giftware) and other merchandise; HomeGoods, which provides a range of home fashions, including home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as pet, kids and gourmet food departments; TJX Canada, which operates the Winners, HomeSense and Marshalls chains in Canada; and TJX International, which operates the T.K. Maxx and HomeSense chains in Europe and the T.K. Maxx chain in Australia.
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