The consensus first-quarter 2024 revenue estimate is $25.31 billion, down 19.4% sequentially but up 0.5% year over year. Adjusted EPS are forecast at $1.79, down 5.3% sequentially and by 18.3% year over year. For the full year ending in January, analysts expect Target to report EPS of $8.42, up almost 40%, on sales of $111.23 billion, up 1.9%.
Target stock trades at 18.7 times expected 2024 EPS, 14.9 times estimated 2025 earnings of $10.56 and 12.9 times estimated 2026 earnings of $12.19 per share. The stock’s 52-week range is $137.16 to $223.30. The company pays an annual dividend of $4.32 (yield of 2.73%). Total shareholder return for the past year was negative 25.79%.
TJX Companies
TJX Companies Inc. (NYSE: TJX) operates around 3,000 retail stores worldwide under well-known names like T.J. Maxx, Marshall’s and HomeGoods. Over the past 12 months, the share price has risen by around 41.1%. TJX raised its quarterly dividend by nearly 14% for the June 1 payment date. TJX reports results early Wednesday.
Bed Bath & Beyond’s bankruptcy filing led Bernstein analyst Aneesha Sherman to comment in late April that TJX could receive a disproportionate boost from the bankruptcy. TJX’s HomeGoods and T.J. Maxx stores attract the same kind of customers who shopped at Bed Bath & Beyond, and many of those TJX stores are located within five miles of the Bed Bath & Beyond locations.
Of 23 analysts covering TJX, 16 have a Buy or Strong Buy rating and six others rate it at Hold. At a share price of around $78.60, the upside potential based on a median price target of $88.50 is 12.6%. At the high price target of $95.00, the upside potential is 20.9%.
First-quarter revenue is forecast to come in at $11.82 billion, down 18.6% sequentially but 3.6% higher year over year. Adjusted EPS are pegged at $0.71, down 19.7% sequentially and up 4.4% year over year. For the 2024 fiscal year ending in January, analysts expect EPS of $3.54, up 13.7%, on sales of $53.19 billion, up 6.5%.
TJX’s stock trades at 22.2 times expected 2024 EPS, 20.1 times estimated 2025 earnings of $3.91 and 18.0 times estimated 2026 earnings of $4.37 per share. The stock’s 52-week range is $53.69 to $83.13. TJX pays an annual dividend of $1.34 (yield of 1.69%). Total shareholder return for the past 12 months was 43.06%.
Originally published at 24/7 Wall St.
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