Equity research analysts expect The TJX Companies, Inc. (NYSE: TJX – Get a rating) to show earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. 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 of $0.44 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 36.4%. The company is expected to announce its next results 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 post earnings of $3.64 per share, with EPS estimates ranging from $3.34 to $4.07. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research analysts who provide coverage for TJX companies.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, February 23. The home apparel and fashion retailer reported earnings per share (EPS) 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 $14.19 billion expected by analysts. In the same period of the previous year, the company had earned earnings per share of $0.50. The company’s revenue for the quarter increased 26.6% year over year.
A number of research analysts have published reports on the stock. StockNews.com supposed coverage of shares of TJX companies in a Thursday, March 31 report. They issued a “buy” rating for the company. Gordon Haskett lowered his price target on TJX Companies shares from $81.00 to $78.00 and set a “buy” rating for the company in a Thursday, February 24 report. Cowen lowered his price target on shares of TJX Companies from $88.00 to $72.00 in a Monday, February 28 report. BMO Capital Markets lowered its price target on TJX Companies shares from $80.00 to $75.00 in a Thursday, Feb. 24 research report. Finally, Barclays raised its price target on TJX Companies shares from $82.00 to $85.00 and gave the company an “overweight” rating in a Wednesday, April 13 research report. Four research analysts rated the stock with a hold rating and eighteen gave the company a buy rating. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $78.29.
Shares of TJX Company Stocks opened at $62.44 on Friday. TJX Companies has a 12-month low of $57.92 and a 12-month high of $77.35. The company has a current ratio of 1.27, a quick ratio of 0.70 and a debt ratio of 0.56. The stock has a market capitalization of $73.38 billion, a PE ratio of 23.13, a growth price-earnings ratio of 1.90 and a beta of 0.95. The company has a 50-day moving average of $63.35 and a two-hundred-day moving average of $67.70.
The company also recently announced 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 per share. The ex-dividend date is Wednesday, May 11. This represents a dividend of $1.18 on an annualized basis and a yield of 1.89%. This is a positive change from TJX Companies’ previous quarterly dividend of $0.26. The dividend payout ratio (DPR) of TJX Companies is 38.52%.
A number of large investors have recently bought and sold shares of TJX. Norges Bank bought a new position in TJX Companies during the fourth quarter for a value of approximately $827,082,000. Nordea Investment Management AB increased its stake in TJX Companies by 190.2% during the third quarter. Nordea Investment Management AB now owns 9,047,696 shares of the homewear and fashion retailer worth $615,243,000 after buying an additional 5,929,545 shares during the period. Longview Partners Guernsey LTD increased its stake in TJX Companies by 55.8% during the third quarter. Longview Partners Guernsey LTD now owns 9,796,864 shares of the clothing and home fashion retailer worth $646,397,000 after purchasing an additional 3,510,236 shares during the period. Wellington Management Group LLP increased its stake in TJX Companies by 3.9% during the third quarter. Wellington Management Group LLP now owns 88,309,228 shares of the clothing and home fashion retailer worth $5,826,643,000 after purchasing an additional 3,339,510 shares during the period. Finally, Jennison Associates LLC increased its stake in TJX Companies by 21.4% during the fourth quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashion retailer worth $1,399,753,000 after purchasing an additional 3,253,468 shares during the period. 89.02% of the shares are currently held by institutional investors.
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, 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.
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