TJX Companies (TJX) Expected to Post Quarterly Sales of $8.52 Billion

Wall Street analysts forecast that TJX Companies (NYSE:TJX) will announce sales of $8.52 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for TJX Companies’ earnings. The highest sales estimate is $8.61 billion and the lowest is $8.45 billion. TJX Companies posted sales of $7.78 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 15th.

According to Zacks, analysts expect that TJX Companies will report full year sales of $37.85 billion for the current financial year, with estimates ranging from $37.74 billion to $38.02 billion. For the next financial year, analysts expect that the business will post sales of $40.05 billion per share, with estimates ranging from $39.36 billion to $40.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for TJX Companies.

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TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. Cowen set a $92.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Loop Capital assumed coverage on shares of TJX Companies in a research report on Thursday, March 8th. They set a “hold” rating and a $84.00 target price for the company. Deutsche Bank increased their target price on shares of TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. BMO Capital Markets set a $94.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks set a $98.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. TJX Companies presently has an average rating of “Buy” and an average target price of $87.60.

Shares of NYSE TJX traded down $0.16 on Monday, reaching $82.48. 3,772,903 shares of the company traded hands, compared to its average volume of 3,486,353. The company has a market cap of $52,253.48, a P/E ratio of 20.42, a P/E/G ratio of 1.66 and a beta of 0.67. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $85.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.

TJX Companies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be given a $0.39 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.56 annualized dividend and a yield of 1.89%. TJX Companies’s dividend payout ratio (DPR) is 30.94%.

In other TJX Companies news, Chairman Carol Meyrowitz sold 43,020 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $83.77, for a total value of $3,603,785.40. Following the completion of the sale, the chairman now owns 294,098 shares of the company’s stock, valued at $24,636,589.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total transaction of $82,810.00. Following the completion of the sale, the director now directly owns 15,998 shares of the company’s stock, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. Insiders sold 114,199 shares of company stock valued at $9,532,558 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of TJX Companies by 0.9% during the 4th quarter. BlackRock Inc. now owns 45,354,058 shares of the apparel and home fashions retailer’s stock valued at $3,467,773,000 after buying an additional 425,832 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of TJX Companies by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 19,328,384 shares of the apparel and home fashions retailer’s stock valued at $1,477,847,000 after buying an additional 728,422 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 7,118,209 shares of the apparel and home fashions retailer’s stock valued at $543,162,000 after buying an additional 211,836 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of TJX Companies by 5.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,095,183 shares of the apparel and home fashions retailer’s stock valued at $542,498,000 after buying an additional 376,424 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of TJX Companies by 1.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 6,112,104 shares of the apparel and home fashions retailer’s stock valued at $467,331,000 after buying an additional 95,862 shares during the last quarter. 90.80% of the stock is owned by institutional investors.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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