Analysts predict that The TJX Companies, Inc. (NYSE: TJX – Get a rating) will report earnings per share (EPS) of $0.60 for the current quarter, according to Zacks. Seven analysts made earnings estimates for TJX Companies. The lowest EPS estimate is $0.58 and the highest is $0.63. TJX Companies posted earnings per share of $0.44 in the same quarter last year, indicating a positive year-over-year growth rate of 36.4%. The company is expected to release its next quarterly results before the market opens on Monday, January 1.
According to Zacks, analysts expect TJX Companies to report annual earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.23. For the next fiscal year, analysts expect the company to report earnings of $3.64 per share, with EPS estimates ranging from $3.34 to $4.07. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts who cover TJX companies.
TJX Companies (NYSE: TJX – Get a rating) last reported results on Wednesday, February 23. The home apparel and fashion retailer reported earnings per share of $0.78 for the quarter, missing the consensus estimate of $0.90 per ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The company posted revenue of $13.85 billion for the quarter, versus analyst estimates of $14.19 billion. During the same period last year, the company posted EPS of $0.50. TJX Companies revenue increased 26.6% year over year.
Several research analysts have commented on TJX shares. Deutsche Bank Aktiengesellschaft cut its price target on TJX companies from $83.00 to $79.00 and placed a “buy” rating on the stock in a Thursday, Feb. 24 research report. JPMorgan Chase & Co. cut its price target on TJX companies from $92.00 to $85.00 in a Thursday, February 17 research report. BMO Capital Markets cut its price target on TJX companies from $80.00 to $75.00 in a Thursday, Feb. 24 research report. Credit Suisse Group cut its price target on TJX companies from $86.00 to $73.00 and set an “outperform” rating on the stock in a Thursday, Feb. 24 research report. Finally, Barclays raised its target price on TJX companies from $82.00 to $85.00 and gave the company an “overweight” rating in a Wednesday, April 13 report. Four research analysts gave the stock a hold rating and seventeen gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $78.30.
TJX traded at $1.30 during Friday’s trading, reaching $60.41. 6,099,140 shares were traded, against an average volume of 6,140,419. The company has a market capitalization of $70.95 billion, a P/E ratio of 22.37, a PEG ratio of 1.94 and a beta of 0.88. TJX Companies has a 1-year minimum of $57.92 and a 1-year maximum of $77.35. The stock has a fifty-day moving average price of $62.25 and a two-hundred-day moving average price of $67.53. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt ratio of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Investors of record on Thursday, May 12 will receive a dividend of $0.295. The ex-date of this dividend is Wednesday, May 11. This is an increase from TJX Companies’ previous quarterly dividend of $0.26. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.95%. The payout ratio of TJX Companies is 38.52%.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC increased its position in TJX Companies by 2.9% during the fourth quarter. Manchester Capital Management LLC now owns 5,380 shares of the homewear and fashion retailer worth $408,000 after buying an additional 150 shares last quarter. Private Capital Group LLC increased its position in TJX Companies by 5.6% during the first quarter. Private Capital Group LLC now owns 2,829 shares of the apparel and home fashion retailer worth $171,000 after buying an additional 150 shares last quarter. TrinityPoint Wealth LLC increased its position in TJX Companies by 0.5% during the third quarter. TrinityPoint Wealth LLC now owns 29,551 shares of the home apparel and fashion retailer worth $1,950,000 after buying an additional 152 shares last quarter. CWA Asset Management Group LLC increased its position in TJX Companies by 3.7% during the third quarter. CWA Asset Management Group LLC now owns 4,387 shares of the apparel and home fashion retailer worth $289,000 after buying an additional 156 shares last quarter. Finally, We Are One Seven LLC increased its position in TJX Companies by 2.8% during the third quarter. We Are One Seven LLC now owns 5,824 shares of the apparel and home fashion retailer worth $381,000 after purchasing an additional 157 shares last quarter. Institutional investors hold 91.45% of the company’s shares.
About 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, gift items, 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.
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