TJX Companies (NYSE: TJX – Get a rating) is expected to release its earnings data before the market opens on Wednesday, August 17. Analysts expect TJX Companies to post earnings of $0.68 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, May 18. The home apparel and fashion retailer reported EPS of $0.68 for the quarter, beating the consensus estimate of $0.60 by $0.08. TJX Companies posted a return on equity of 61.28% and a net margin of 6.69%. The company posted revenue of $11.41 billion in the quarter, compared to $11.58 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.44. The company’s revenue for the quarter increased 13.1% year over year. On average, analysts expect TJX companies to post EPS of $3 for the current fiscal year and EPS of $4 for the next fiscal year.
Shares of TJX companies down 1.5%
Shares of TJX opened at $62.70 on Wednesday. The company has a debt ratio of 0.60, a quick ratio of 0.55 and a current ratio of 1.25. TJX Companies has a one-year low of $53.69 and a one-year high of $77.35. The stock has a market capitalization of $73.46 billion, a price/earnings ratio of 22.80, a PEG ratio of 1.91 and a beta of 0.92. The stock has a 50-day moving average price of $59.99 and a 200-day moving average price of $62.28.
TJX Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1. Investors of record on Thursday, August 11 will receive a dividend of $0.295 per share. This represents an annualized dividend of $1.18 and a dividend yield of 1.88%. The ex-dividend date is Wednesday, August 10. The payout ratio of TJX Companies is 42.91%.
Analyst upgrades and downgrades
Several analysts have published reports on the company. Goldman Sachs Group assumed coverage for the TJX companies in a Tuesday, August 2 report. They issued a “neutral” rating and a target price of $70.00 for the company. Morgan Stanley lowered its price target on TJX companies from $80.00 to $75.00 and set an “overweight” rating for the company in a Monday, July 18 report. StockNews.com upgraded TJX companies from a “buy” to a “hold” rating in a Thursday, July 28 report. 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. Finally, TheStreet upgraded TJX companies from a “b” rating to a “c+” rating in a Wednesday, May 18 report. Six research analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $76.50.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, CFO Scott Goldenberg sold 30,000 shares 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 sale, the CFO now owns 119,127 shares of the company, valued at approximately $7,389,447.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. In other news, EVP Richard Sherr sold 46,997 shares in a trade dated Friday, June 3. The stock was sold at an average price of $62.25, for a total value of $2,925,563.25. Following the transaction, the executive vice president now owns 104,127 shares of the company, valued at approximately $6,481,905.75. The transaction was disclosed in an SEC filing, available at this hyperlink. Also, CFO Scott Goldenberg sold 30,000 shares in a trade dated Thursday, May 19. The shares were sold at an average price of $62.03, for a total value of $1,860,900.00. Following the completion of 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. Insiders sold 112,824 shares of the company valued at $6,973,343 during the last quarter. Company insiders own 0.19% of the company’s shares.
Institutional entries and exits
A number of hedge funds have recently changed their positions in the business. Donaldson Capital Management LLC increased its equity stake in TJX Companies by 5.3% in Q1. Donaldson Capital Management LLC now owns 3,882 shares of the apparel and home fashion retailer valued at $235,000 after acquiring 195 additional shares in the last quarter. Centaurus Financial Inc. increased its equity stake in TJX Companies by 1.3% in Q1. Centaurus Financial Inc. now owns 16,070 shares of the apparel and home fashion retailer valued at $974,000 after acquiring an additional 210 shares in the last quarter. Kidder Stephen W increased his holdings of TJX Companies stock by 0.4% in Q1. Kidder Stephen W now owns 76,012 shares of the homewear and fashion retailer’s stock worth $4,604,000 after acquiring an additional 285 shares in the last quarter. Kinneret Advisory LLC increased its holdings of TJX Companies stock by 2.3% in Q1. Kinneret Advisory LLC now owns 14,220 shares of the apparel and home fashion retailer valued at $861,000 after acquiring 319 additional shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in TJX Companies by 3.1% during the 1st quarter. Merit Financial Group LLC now owns 10,994 shares of the apparel and home fashion retailer worth $666,000 after buying 328 additional shares in the last quarter. Hedge funds and other institutional investors hold 91.45% of the company’s shares.
About TJX Companies
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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