TJ Maxx CEO says company could benefit from Trump's proposed tariffs [FOX Business Network]
TJX Companies, Inc. (The) (TJX)
Last tjx companies, inc. (the) earnings: 2/26 08:00 am
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Source: FOX Business Network
Retailers and industry trade groups are sounding the alarm about how President-elect Donald Trump's proposed tariffs could lead to higher prices. However, officials from TJ Maxx's parent company have a different take, saying the discount retailer may actually benefit. TJX Companies Inc. CEO Ernie Herrman said on an earnings call with analysts on Wednesday that when there is "chaos" in the market, it usually presents an "opportunity for us." His comment was in reference to a question about whether tariffs could provide any benefit to the off-price department store's business model. TJX Companies, Inc. also owns Marshalls, HomeGoods, HomeSense and Sierra. Under the proposals, a universal 10%-20% tariff could be imposed on imports from all foreign countries and an additional 60%-100% tariff could be imposed on imports specifically from China. "Manufacturers could bring in goods early," Herrman said. "That could create actually even additional availability of goods at advantage
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TJX
News
- The TJX Companies, Inc. (NYSE: TJX) had its price target raised by analysts at TD Cowen from $130.00 to $132.00. They now have a "buy" rating on the stock.MarketBeat
- The TJX Companies, Inc. (NYSE:TJX) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- TJX Positioned For Market Share Gains: Analyst Notes Momentum In Sales And Margin Expansion [Yahoo! Finance]Yahoo! Finance
- The TJX Companies, Inc. (NYSE: TJX) had its price target raised by analysts at Evercore ISI from $138.00 to $142.00. They now have an "outperform" rating on the stock.MarketBeat
TJX
Earnings
- 11/20/24 - Beat
TJX
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 144
- 11/20/24 - Form 8-K
- TJX's page on the SEC website