TJX Companies (NYSE:TJX) announced its quarterly earnings data on Tuesday. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62, Briefing.com reports. The firm had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. TJX Companies updated its Q3 guidance to $0.63-0.65 EPS and its FY20 guidance to $2.56-2.61 EPS.
TJX stock opened at $54.88 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.46 and a current ratio of 1.25. The company has a market capitalization of $62.46 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.81 and a beta of 0.73. TJX Companies has a fifty-two week low of $41.49 and a fifty-two week high of $57.15. The stock has a fifty day moving average of $53.94 and a 200-day moving average of $52.78.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.68%. TJX Companies’s payout ratio is 43.60%.
In other news, Director David T. Ching sold 20,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the transaction, the director now owns 28,771 shares in the company, valued at approximately $1,501,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
A number of brokerages have issued reports on TJX. Nomura upped their price objective on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. DA Davidson set a $65.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday. ValuEngine downgraded TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $60.00 in a research note on Friday, August 16th. Finally, Cowen set a $62.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.56.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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