TJX Companies Inc (NYSE:TJX) Expected to Post Earnings of $0.63 Per Share
Equities analysts expect TJX Companies Inc (NYSE:TJX) to post earnings of $0.63 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for TJX Companies’ earnings, with estimates ranging from $0.62 to $0.65. TJX Companies posted earnings of $0.59 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The firm is scheduled to announce its next earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that TJX Companies will report full-year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.67. For the next year, analysts anticipate that the business will report earnings of $2.85 per share, with EPS estimates ranging from $2.80 to $2.93. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for TJX Companies.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share.
In other TJX Companies news, CFO Scott Goldenberg sold 37,248 shares of TJX Companies stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the sale, the chief financial officer now owns 195,712 shares of the company’s stock, valued at $10,548,876.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the sale, the director now directly owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,728 shares of company stock valued at $4,501,915. Corporate insiders own 0.18% of the company’s stock.
A number of hedge funds have recently modified their holdings of TJX. BlackRock Inc. lifted its stake in shares of TJX Companies by 113.3% in the 4th quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock valued at $4,038,232,000 after acquiring an additional 47,939,993 shares during the last quarter. FMR LLC lifted its stake in shares of TJX Companies by 106.0% in the 4th quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock valued at $2,303,144,000 after acquiring an additional 26,485,840 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of TJX Companies by 77.9% in the 4th quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock valued at $1,478,686,000 after acquiring an additional 14,469,980 shares during the last quarter. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter valued at about $545,373,000. Finally, Geode Capital Management LLC lifted its stake in shares of TJX Companies by 115.8% in the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after acquiring an additional 9,515,682 shares during the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE TJX traded up $0.58 during mid-day trading on Wednesday, hitting $55.37. The company had a trading volume of 267,401 shares, compared to its average volume of 6,028,110. The firm has a market capitalization of $66.73 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73. TJX Companies has a 1 year low of $41.49 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The business’s 50-day simple moving average is $52.49.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.
TJX Companies Company Profile
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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