Advan Notable Hits: The TJX Companies, Inc. (TJX)

May 20, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (TJX:NYSE) On Wednesday May 18, 2022 The TJX Companies, Inc. (TJX) posted revenues of $11.4bn slightly missing the consensus estimate of $11.5bn or by-1.3% and in the same direction as Advan's forecasted sales. The revenue was up 13% YoY and in line with Advan's foot traffic data increase of 4.2% YoY at its stores for Q1 2022. The stock opened at $61.45, +9.3% from previous close. Advan's footfall data has a correlation of 0.98 on a YoY basis with TJX's top-line revenue over the last 14 quarters.

Advan Hits: TJX correlation traffic vs revenue

About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.