TJX Companies, Inc. (The) (NYSE:TJX) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, November 13th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. TJX Companies, Inc. (The) has set its Q3 guidance at $0.98-1.00 EPS and its FY18 guidance at $3.89-3.93 EPS.
TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, analysts expect TJX Companies, Inc. (The) to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of TJX Companies, Inc. (NYSE TJX) opened at $70.22 on Friday. The company has a market capitalization of $44,061.98, a P/E ratio of 19.18, a PEG ratio of 1.66 and a beta of 0.72. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.
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Several research analysts have weighed in on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, October 10th. Credit Suisse Group set a $72.00 price target on TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Royal Bank of Canada dropped their price target on TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Finally, BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $83.25.
In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.
About TJX Companies, Inc. (The)
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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