Brokerages predict that The TJX Companies, Inc. (NYSE:TJX) will post earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for The TJX Companies’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.70. The TJX Companies posted earnings of $0.81 per share during the same quarter last year, which suggests a negative year over year growth rate of 24.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, February 24th.
According to Zacks, analysts expect that The TJX Companies will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from ($0.03) to $1.31. For the next fiscal year, analysts anticipate that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.25 to $2.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover The TJX Companies.
A number of analysts recently issued reports on TJX shares. Smith Barney Citigroup lowered shares of The TJX Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $69.00 in a research report on Friday, December 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of The TJX Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $69.00 in a research report on Friday, December 11th. Jefferies Financial Group raised their target price on shares of The TJX Companies from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Guggenheim raised their target price on shares of The TJX Companies from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of The TJX Companies from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, January 4th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $68.31.
NYSE TJX traded up $0.83 during mid-day trading on Tuesday, reaching $70.38. 323,504 shares of the stock were exchanged, compared to its average volume of 6,129,570. The TJX Companies has a 1-year low of $32.72 and a 1-year high of $70.96. The business’s fifty day simple moving average is $67.59 and its 200 day simple moving average is $60.96. The stock has a market capitalization of $84.50 billion, a PE ratio of 115.92, a PEG ratio of 14.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 1.41.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Investors of record on Thursday, February 11th will be paid a dividend of $0.26 per share. This is an increase from The TJX Companies’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 10th. This represents a $1.04 annualized dividend and a yield of 1.48%. The TJX Companies’s payout ratio is 38.95%.
A number of hedge funds have recently made changes to their positions in TJX. OLD Second National Bank of Aurora acquired a new position in The TJX Companies during the 3rd quarter worth $28,000. JJJ Advisors Inc. grew its holdings in The TJX Companies by 4,522.2% during the 4th quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock worth $28,000 after acquiring an additional 407 shares in the last quarter. JNBA Financial Advisors grew its holdings in The TJX Companies by 430.0% during the 4th quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. Concord Wealth Partners acquired a new position in The TJX Companies during the 4th quarter worth $33,000. Finally, WD Rutherford LLC acquired a new position in The TJX Companies during the 4th quarter worth $36,000. 88.81% of the stock is owned by institutional investors.
The TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.
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