Wall Street brokerages expect TJX Companies Inc (NYSE:TJX) to post $9.44 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for TJX Companies’ earnings. The highest sales estimate is $9.58 billion and the lowest is $9.25 billion. TJX Companies reported sales of $8.76 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The firm is scheduled to announce its next earnings report on Tuesday, November 13th.

According to Zacks, analysts expect that TJX Companies will report full-year sales of $38.41 billion for the current year, with estimates ranging from $38.07 billion to $38.68 billion. For the next financial year, analysts forecast that the company will report sales of $41.02 billion, with estimates ranging from $40.27 billion to $42.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.

TJX has been the topic of several analyst reports. ValuEngine raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. UBS Group initiated coverage on shares of TJX Companies in a report on Thursday, June 21st. They set a “sell” rating and a $87.00 price target on the stock. Wedbush initiated coverage on shares of TJX Companies in a report on Friday, June 22nd. They set a “neutral” rating and a $100.00 price target on the stock. Credit Suisse Group lifted their price target on shares of TJX Companies from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, June 22nd. Finally, Atlantic Securities downgraded shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $107.56.

Hedge funds have recently added to or reduced their stakes in the company. Weybosset Research & Management LLC increased its position in TJX Companies by 0.6% in the third quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock worth $8,486,000 after purchasing an additional 478 shares during the last quarter. Waverton Investment Management Ltd increased its position in TJX Companies by 3.7% in the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock worth $1,326,000 after purchasing an additional 501 shares during the last quarter. Martingale Asset Management L P increased its position in TJX Companies by 10.5% in the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 506 shares during the last quarter. Reilly Herbert Faulkner III increased its position in TJX Companies by 0.9% in the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock worth $5,854,000 after purchasing an additional 536 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in TJX Companies by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock worth $9,864,000 after purchasing an additional 540 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TJX traded up $1.68 during trading hours on Friday, hitting $109.44. 3,262,105 shares of the stock traded hands, compared to its average volume of 3,774,040. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. TJX Companies has a 1 year low of $66.44 and a 1 year high of $113.28. The company has a market capitalization of $69.54 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.09 and a beta of 0.71.

TJX Companies shares are going to split before the market opens on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be issued to shareholders after the market closes on Tuesday, November 6th.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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