Stock analysts expect The TJX Companies, Inc. (NYSE: TJX – Get a rating) will report earnings per share (EPS) of $0.68 for the current quarter, according to Zacks. Six analysts made earnings estimates for TJX Companies, with estimates ranging from $0.66 to $0.69. TJX Companies reported earnings of $0.79 per share in the same quarter last year, indicating a negative 13.9% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect TJX Companies to report annual earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.11 to $3.21. For next year, analysts expect the company to report earnings of $3.62 per share, with EPS estimates ranging from $3.45 to $3.85. Zacks EPS averages are an average based on a survey of sell-side analysts who track TJX companies.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly earnings data on Wednesday, May 18. The home apparel and fashion retailer reported earnings per share (EPS) of $0.68 for the quarter, beating the consensus estimate of $0.60 by $0.08. The company posted revenue of $11.41 billion in the quarter, compared to $11.58 billion expected by analysts. TJX Companies posted a return on equity of 61.28% and a net margin of 6.69%. TJX Companies revenue increased 13.1% year over year. In the same period a year earlier, the company posted earnings per share of $0.44.
Several stock analysts have weighed in on TJX shares. Sanford C. Bernstein began covering TJX companies in a research report on Monday, March 14. They set a “market performance” rating and a price target of $68.00 for the company. StockNews.com began covering TJX companies in a research report on Thursday, March 31. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft lowered its price target on TJX companies from $83.00 to $79.00 and set a “buy” rating for the company in a Thursday, February 24 research report. Bank of America lowered its price target on TJX companies from $95.00 to $85.00 and set a “buy” rating for the company in a Thursday, February 24 research report. Finally, Morgan Stanley raised its price target on TJX companies from $78.00 to $80.00 and gave the stock an “overweight” rating in a Thursday, May 19 research report. Three research analysts gave the stock a hold rating and seventeen gave the company a buy rating. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $77.60.
In other TJX Companies news, EVP Kenneth Canestrari sold 35,827 shares of the company in a transaction dated Thursday, May 19. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the transaction, the executive vice president now owns 160,899 shares of the company, valued at $9,821,274.96. The sale was disclosed in a legal filing with the SEC, available at the SEC website. Also, CFO Scott Goldenberg sold 30,000 shares of the company in a trade dated Thursday, May 19. The stock was sold at an average price of $62.03, for a total value of $1,860,900.00. Following the transaction, the CFO now owns 119,127 shares of the company, valued at approximately $7,389,447.81. Disclosure of this sale can be found here. 0.19% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently changed their holdings in the company. Kestra Private Wealth Services LLC increased its stake in shares of TJX Companies by 5.4% during the first quarter. Kestra Private Wealth Services LLC now owns 20,234 shares of the apparel and home fashion retailer worth $1,226,000 after buying an additional 1,036 shares last quarter. Gradient Investments LLC increased its stake in shares of TJX Companies by 11.5% during the first quarter. Gradient Investments LLC now owns 198,776 shares of the apparel and home fashion retailer worth $12,042,000 after purchasing an additional 20,520 shares last quarter. Fortitude Advisory Group LLC increased its stake in shares of TJX Companies by 28.0% in the first quarter. Fortitude Advisory Group LLC now owns 6,064 shares of the apparel and home fashion retailer worth $368,000 after acquiring an additional 1,326 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of TJX Companies by 14.9% in the first quarter. EverSource Wealth Advisors LLC now owns 10,100 shares of the apparel and home fashion retailer worth $611,000 after acquiring 1,313 additional shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new stock position in TJX Companies in the first quarter worth approximately $432,000. Institutional investors hold 91.45% of the company’s shares.
Shares of TJX Companies were up $0.48 at midday on Friday, hitting $64.59. 6,524,619 shares of the company were traded, against an average volume of 7,667,073. The company has a debt ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.70. The company’s 50-day simple moving average is $61.27 and its two-hundred-day simple moving average is $66.72. The company has a market capitalization of $75.86 billion, a P/E ratio of 23.49, a PEG ratio of 1.86 and a beta of 0.88. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 12 will receive a dividend of $0.295 per share. This represents a dividend of $1.18 on an annualized basis and a yield of 1.83%. The ex-date of this dividend is Wednesday, May 11. This is an increase from TJX Companies’ previous quarterly dividend of $0.26. The payout ratio of TJX Companies is 42.91%.
Company Profile TJX Companies (Get a rating)
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, giftware, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in TJX companies right now?
Before you consider TJX companies, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and TJX Companies was not on the list.
Although TJX Companies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here