Wall Street analysts expect TJX Companies Inc (NYSE:TJX) to announce earnings of $1.27 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for TJX Companies’ earnings. The lowest EPS estimate is $1.24 and the highest is $1.30. TJX Companies reported earnings per share of $1.03 during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.3%. The company is expected to issue its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that TJX Companies will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.90 to $3.96. For the next financial year, analysts expect that the company will post earnings of $4.18 per share, with EPS estimates ranging from $4.02 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover TJX Companies.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same period last year, the company earned $0.91 EPS. TJX Companies’s revenue for the quarter was up 5.7% on a year-over-year basis.
Several research firms recently commented on TJX. MKM Partners reiterated a “buy” rating and issued a $87.00 price objective on shares of TJX Companies in a report on Tuesday, September 12th. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a report on Tuesday, September 12th. Sanford C. Bernstein assumed coverage on TJX Companies in a research note on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price target for the company. Royal Bank of Canada restated a “buy” rating and set a $76.00 price target on shares of TJX Companies in a research note on Monday, September 18th. Finally, Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $82.15.
Hedge funds have recently bought and sold shares of the company. Zions Bancorporation lifted its position in shares of TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $141,000. Mosaic Family Wealth LLC lifted its position in shares of TJX Companies by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 134 shares in the last quarter. Jacobi Capital Management LLC lifted its position in shares of TJX Companies by 20.2% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 353 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its position in shares of TJX Companies by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies (NYSE TJX) traded up $0.75 during midday trading on Friday, reaching $74.17. The company had a trading volume of 6,092,897 shares, compared to its average volume of 4,838,827. TJX Companies has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a market cap of $46,894.75, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. TJX Companies’s payout ratio is currently 33.78%.
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About TJX Companies
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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