Wall Street analysts predict that TJX Companies (NYSE:TJX) will report $8.52 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for TJX Companies’ earnings, with the highest sales estimate coming in at $8.61 billion and the lowest estimate coming in at $8.45 billion. TJX Companies posted sales of $7.78 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The business is expected to announce its next quarterly earnings results on Tuesday, May 15th.
On average, analysts expect that TJX Companies will report full-year sales of $37.85 billion for the current fiscal year, with estimates ranging from $37.74 billion to $38.02 billion. For the next fiscal year, analysts expect that the firm will report sales of $40.05 billion per share, with estimates ranging from $39.36 billion to $40.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the company earned $1.03 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis.
Shares of NYSE TJX traded up $0.12 during midday trading on Monday, hitting $83.30. 647,547 shares of the company’s stock were exchanged, compared to its average volume of 4,316,700. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 1.66. TJX Companies has a twelve month low of $66.44 and a twelve month high of $85.21. The firm has a market capitalization of $52,765.64, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.67.
TJX Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be paid a $0.39 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. This represents a $1.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, May 16th. TJX Companies’s dividend payout ratio (DPR) is 30.94%.
In other news, CEO Ernie Herrman sold 12,835 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $82.26, for a total value of $1,055,807.10. Following the completion of the sale, the chief executive officer now directly owns 431,986 shares of the company’s stock, valued at approximately $35,535,168.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the completion of the sale, the director now directly owns 15,998 shares of the company’s stock, valued at $1,324,794.38. The disclosure for this sale can be found here. Insiders sold a total of 77,855 shares of company stock worth $6,502,443 over the last quarter. Company insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Farmers National Bank acquired a new position in TJX Companies during the fourth quarter worth $106,000. Icon Wealth Partners LLC acquired a new position in TJX Companies during the fourth quarter worth $109,000. Truewealth LLC acquired a new position in TJX Companies during the fourth quarter worth $119,000. Assetmark Inc. raised its holdings in TJX Companies by 50.3% during the fourth quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock worth $152,000 after purchasing an additional 664 shares during the last quarter. Finally, Premia Global Advisors LLC acquired a new position in TJX Companies during the fourth quarter worth $160,000. 90.80% of the stock is owned by institutional investors and hedge funds.
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TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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