Equities analysts expect The TJX Companies, Inc. (NYSE:TJX) to announce $0.28 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for The TJX Companies’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.37. The TJX Companies posted earnings per share of ($0.74) in the same quarter last year, which would suggest a positive year over year growth rate of 137.8%. The business is scheduled to announce its next earnings results on Thursday, May 20th.
On average, analysts expect that The TJX Companies will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.60. For the next year, analysts anticipate that the company will report earnings of $2.97 per share, with EPS estimates ranging from $2.70 to $3.17. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for The TJX Companies.
The TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The company had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $11.42 billion. The TJX Companies had a return on equity of 14.34% and a net margin of 2.24%. During the same period last year, the company posted $0.81 EPS.
TJX has been the topic of a number of recent research reports. William Blair reissued an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft upped their target price on The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 25th. Zacks Investment Research upgraded The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price on the stock in a research note on Tuesday, April 27th. Morgan Stanley upped their target price on The TJX Companies from $70.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Finally, Gordon Haskett restated a “hold” rating and issued a $68.00 target price (down from $76.00) on shares of The TJX Companies in a research note on Wednesday, March 3rd. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.92.
TJX traded down $1.26 during trading on Tuesday, reaching $70.82. 5,772,641 shares of the company were exchanged, compared to its average volume of 6,398,348. The company’s 50-day moving average is $68.03 and its two-hundred day moving average is $65.11. The company has a market cap of $85.41 billion, a price-to-earnings ratio of 120.14, a P/E/G ratio of 14.77 and a beta of 0.93. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The TJX Companies has a 12-month low of $42.52 and a 12-month high of $72.48.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Thursday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, May 12th. The TJX Companies’s dividend payout ratio is presently 38.95%.
In other The TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $66.78, for a total value of $100,170.00. Following the completion of the sale, the director now owns 28,311 shares in the company, valued at approximately $1,890,608.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard Sherr sold 40,253 shares of the stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $68.84, for a total value of $2,771,016.52. Following the completion of the sale, the executive vice president now owns 97,491 shares of the company’s stock, valued at approximately $6,711,280.44. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TJX. Brand Asset Management Group Inc. purchased a new stake in The TJX Companies in the 1st quarter worth approximately $26,000. Grant Street Asset Management Inc. purchased a new stake in The TJX Companies in the 4th quarter worth approximately $27,000. JJJ Advisors Inc. lifted its holdings in The TJX Companies by 4,522.2% in the 4th quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock worth $28,000 after buying an additional 407 shares during the period. JNBA Financial Advisors lifted its holdings in The TJX Companies by 430.0% in the 4th quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 344 shares during the period. Finally, Concord Wealth Partners purchased a new stake in The TJX Companies in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
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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