Insider Trading (6/7/22)

 Notable purchases -- Director adds to UAL; notable sales -- Director active in RES

Buyers:

• KOD Director bought 572,349 shares at $7.36 - $8.06 worth ~ $4.4 mln.
  
• LAB 10% Owner bought 450,000 shares at $1.83 - $2.02 worth ~ $880K.
  
• NGM Director bought 34,200 shares at $13.02 - $13.48 worth ~ $450K.
  
• NRDY CEO bought 57,105 shares at $2.90 - $2.97 worth ~ $170K.
  
• NTAP CFO bought 5,000 shares at $71.72 - $72.27 worth ~ $360K.
  
• RPTX 10% Owner bought 1,836,958 shares at $11.68 - $13.21 worth ~ $21.9 mln.
  
• SOFI CEO bought 21,750 shares at $6.88 - $6.90 worth ~ $150K.
  
• SWM Directors bought 12,600 shares at $26.95 - $27.48 worth ~ $340K.
  
• TCDA 10% Owner bought 190,871 shares at $8.73 - $9.50 worth ~ $1.7 mln.
  
• UAL Director bought 50,000 shares at $44.20 - $45.21 worth ~ $2.2 mln.

Sellers:

• ALL Chairman & CEO sold 241,828 shares at $132.00 - $134.25 worth ~ $32.2 mln.
  
• ATKR CEO sold 20,000 shares at $116.40 - $120.64 worth ~ $2.4 mln.
  
• BYD VP sold 70,000 shares at $59.25 - $59.27 worth ~ $4.1 mln.
  
• CORZ Chief Vision Officer sold 3,409,679 shares at $2.64 - $3.15 worth ~ $9.3 mln.
  
• DNB Director sold 245,000 shares at $16.38 - $16.75 worth ~ $4.0 mln.
  
• FLYW Director sold 515,802 shares at $19.49 - $20.48 worth ~ $10.5 mln.
  
• MP Director sold 225,830 shares at $40.09 - $40.38 worth ~ $9.1 mln.
  
• PBF 10% Owner sold 1,783,683 shares at $34.80 - $38.62 worth ~ $63.9 mln.
  
• PPC CEO sold 77,741 shares at $34.42 worth ~ $2.7 mln.
  
• PTC Director sold 200,000 shares at $116.01 - $119.73 worth ~ $23.6 mln.
  
• RES Director sold 801,685 shares at $9.00 - $9.79 worth ~ $7.4 mln.
  
• TJX SEVP, Group President sold 46,997 shares at $62.17 - $62.3 worth ~ $2.9 mln.

-=TJX (TJX) reported earnings on Wed 18 May 22 (b/o)

 

TJX first-quarter net sales rose over 13% to $11.41 billion, but missed analysts' average estimate of $11.59 billion, hurt by lower demand at its HomeGoods division.

Excluding items, TJX earned 68 cents per share in the quarter ended April 30, topping estimates of 60 cents.

The company reported a profit of $13.23 million in its international segment, compared to a loss of $221.6 million last year.

Costs across the retail industry have been surging through the pandemic due to supply-chain snarls, production issues and worker shortages, forcing companies from big-box players such as Walmart to off-price retailers such as TJX to protect margins by raising prices.

As inventory builds amid reduced consumer spending, TJX will be able to buy merchandise at steeper discounts, supporting its margins better than other retailers, CFRA analyst Zachary Warring said.

-=TJX (TJX) reported earnings on Wed 19 Aug 20 (b/o)

TJX misses by $0.03, beats on revs; comps -3%; not providing FY21 guidance 

Reports Q2 (Jul) loss of $0.18 per share, excluding non-recurring items, $0.03 worse than the S&P Capital IQ Consensus of ($0.15); revenues fell 31.8% year/year to $6.67 bln vs the $6.58 bln S&P Capital IQ Consensus.

The Company's second quarter results were negatively impacted by the temporary closure of its stores for nearly one third of the quarter due to the impact of the COVID-19 global pandemic. Further, the Company's net loss per share includes tax expense, which was primarily driven by a tax-loss carryback benefit recorded in the first quarter and reversed in the second quarter due to better than expected results.

For the third quarter, the Company is planning overall open-only comp store sales to decrease in the range of 10% to 20%. This is in-line with the sales trends it has seen since the middle of July and through August month-to-date. The Company's wide sales plan range reflects the uncertainty of the current environment and the difficulty in forecasting the impact of the global pandemic on consumer behavior, demand and traffic, in addition to the anticipated slower back-to-school selling season. Due to this uncertainty, the Company does not believe it is currently able to provide meaningful further guidance and is not providing a financial outlook for Fiscal 2021 at this time.

Earnings this week : August 17 - 21, 20 (wk 34)

Monday (Aug 17)

• Morning: JD
• Afternoon: BEST FN

Tuesday (August 18)

• Morning: AAP AMCR GDS HD KC KSS LX SE SFL WMT
• Afternoon: ATGE A CREE JKHY LZB SUPN

Wednesday (August 19)

• Morning: ADI LOW TGT TJX VIPS
• Afternoon: LB NDSN NVDA SQM SNPS

Thursday (August 20)

• Morning: BABA BJ EL MLCO
• Afternoon: KEYS OSIS ROST

Friday (August 21)

• Morning: BZUN BKE DE FL PDD 

*****

Earnings spotlight: 

• JD.com (NASDAQ:JD) on August 17; 
• Walmart (WMT), Home Depot (HD), Kohl's (NYSE:KSS), Advance Auto Parts (NYSE:AAP) and Toll Brothers (NYSE:TOL) on August 18; 
• Lowe's (LOW), Target (TGT), TJX Companies (NYSE:TJX), Nvidia (NASDAQ:NVDA) and L Brands (NYSE:LB) on August 19; 
• Alibaba (NYSE:BABA), BJ's Wholesale (NYSE:BJ), Estee Lauder (NYSE:EL), and Ross Stores (NASDAQ:ROST) on August 20 and 
• Buckle (NYSE:BKE), Foot Locker (NYSE:FL) and Deeere (NYSE:DE) on August 21.

-=TJX (TJX) reported earnings on Wed 28 Feb 2018 (b/o)

TJX beat by $0.03, beats on revs; guides Q1 EPS above consensus; guides FY19 EPS above consensus 

• Reports Q4 (Jan) earnings of $1.30 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $1.27; revenues rose 15.8% year/year to $10.96 bln vs the $10.75 bln Capital IQ Consensus. Consolidated comparable store sales on a 13-week basis increased 4% vs. +1-2% guidance, compared to last year's 3% increase. Gross profit margin for the fourth quarter of Fiscal 2018 was 28.4%, up 0.1 percentage point versus the prior year. Excluding a benefit of approximately 0.4 percentage points from the extra week in the Company's Fiscal 2018 calendar, adjusted gross margin was 27.9%, down 0.4 percentage points versus the prior year.
• Co issues upside guidance for Q1, sees EPS of $1.00-1.02 vs. $0.98 Capital IQ Consensus Estimate; comps +1-2%
• Co issues upside guidance for FY19, sees EPS of $4.73-4.83 vs. $4.64 Capital IQ Consensus Estimate; comps +1-2%
• The Company intends to increase the regular quarterly dividend on its common stock to be declared in April 2018 and payable in June 2018 to $.39 per share, subject to the approval of the Company's Board of Directors. This increase would represent a 25% increase in the current per share dividend and mark the 22nd consecutive year that the Company has raised the dividend. Over this period of time, the Company's dividend has grown at a compound annual rate of 23%. The Company also announced today its plan to repurchase approximately $2.5 to $3.0 billion of TJX stock during the fiscal year ending February 2, 2019. With $1.1 billion remaining at Fiscal 2018 year end under the Company's stock repurchase programs, the Company's Board of Directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time.

=TJX (TJX) reported earnings on Tue 16 May 17 (b/o)

TJX beats by $0.03, misses on revs with comps at high end of guidance; guides Q2 EPS below; raises low end of FY18 EPS, reaffirms comps:

• Reports Q1 (Apr) earnings of $0.82 per share, $0.03 better than the Capital IQ Consensus of $0.79; revenues rose 3.2% year/year to $7.78 bln vs the $7.88 bln Capital IQ Consensus. Diluted EPS $0.04 above high-end of Company's plan primarily due to a benefit from an accounting change in share-based compensation as well as a benefit from foreign currency, which were both higher than expected.
• Comps +1% vs. +0-1% guidance.
• Co issues downside guidance for Q2, sees EPS of $0.81-0.83 vs. $0.92 Capital IQ Consensus Estimate; comps +1-2%.
• Co issues guidance for FY18, raises EPS to $3.82-3.89 from $3.80-3.89 vs. $3.90 Capital IQ Consensus Estimate; reaffirms comp +1-2%. 
• "Comp store sales growth was once again driven by customer traffic. We achieved these results despite the unfavorable weather in parts of the U.S. and Canada compared to last year. We were pleased to see sales trends pick up as the quarter progressed. With our disciplined inventory management, our merchandise margin was up, which speaks to the resiliency and flexibility of our off-price retail model. Further, we are confident that we are gaining market share at each of our four major divisions. The second quarter is off to a solid start and we have excellent liquidity in our inventories."

=TJX Companies (TJX) reported earnings on Tue 15 November 2016 (b/o)

TJX beats by $0.04, reports revs in-line with comps above guidance; guides Q4 below consensus:

• Reports Q3 (Oct) earnings of $0.91 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.87; revenues rose 6.9% year/year to $8.29 bln vs the $8.23 bln Capital IQ Consensus.
• Comps +5% vs. +2-3% guidance; Marmaxx +5%, HomeGoods +6%
• Co issues downside guidance for Q4, sees EPS of $0.96-0.98 vs. $1.02 Capital IQ Consensus Estimate. This guidance reflects an assumption that wage increases will negatively impact EPS growth by 3%. The Company also expects the combination of foreign currency and transactional foreign exchange will have an additional 6% negative impact on EPS growth. This EPS outlook is based upon estimated consolidated comparable store sales growth of 1% to 2% over last year's strong 6% increase. 
• "Again this quarter, our comp store sales growth was primarily driven by customer traffic. We are convinced that we are gaining consumer market share across all of our divisions! Further, our merchandise margin was up strongly. We have numerous initiatives underway to drive customers to our stores this holiday selling season and keep them coming back."

TJX reported earnings Tue 17 Nov 2015 (before open)

** charts before earnings **

** charts after earnings **

TJX beats by $0.02, reports revs in-line with comps above guidance; guides Q4 EPS below consensus but raises FY16 guidance :

• Reports Q3 (Oct) earnings of $0.86 per share, $0.02 better than the Capital IQ Consensus of $0.84; revenues rose 5.3% year/year to $7.75 bln vs the $7.73 bln Capital IQ Consensus.
  • Comps +5% vs. +2-3% guidance.
• Co issues downside guidance for Q4, sees EPS of $0.91-0.93 vs. $0.98 Capital IQ Consensus; sees comps +2-3%.
• Co raises FY16 EPS to $3.26-3.28 from $3.24-3.28 vs. $3.32 consensus; raises comps to +4-5% from +3-4%.