TJX Companies Inc (TJX) Expected to Post Earnings of $1.27 Per Share

Brokerages expect that TJX Companies Inc (NYSE:TJX) will announce earnings of $1.27 per share for the current quarter, Zacks reports. Six analysts have made estimates for TJX Companies’ earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.35. TJX Companies posted earnings of $1.03 per share in the same quarter last year, which suggests a positive year over year growth rate of 23.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that TJX Companies will report full-year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $4.01. For the next fiscal year, analysts forecast that the business will report earnings of $4.39 per share, with EPS estimates ranging from $4.14 to $5.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover TJX Companies.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Several research analysts have recently commented on TJX shares. Guggenheim reaffirmed a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research note on Friday, December 15th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Buckingham Research reaffirmed a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research note on Thursday, October 19th. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “sell” rating in a research note on Monday, November 13th. Finally, Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $82.53.

TJX Companies (NYSE:TJX) traded down $0.14 during midday trading on Friday, hitting $79.32. The stock had a trading volume of 3,911,309 shares, compared to its average volume of 3,920,000. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies has a 1 year low of $66.44 and a 1 year high of $80.92. The company has a market capitalization of $50,470.00, a P/E ratio of 21.44, a P/E/G ratio of 1.89 and a beta of 0.75.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.

Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation grew its holdings in TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in TJX Companies during the 2nd quarter valued at approximately $141,000. Jacobi Capital Management LLC grew its holdings in TJX Companies by 20.2% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 353 shares in the last quarter. Highlander Capital Management LLC grew its holdings in TJX Companies by 31.3% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.

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TJX Companies Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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