$9.89 Billion in Sales Expected for TJX Companies Inc (NYSE:TJX) This Quarter
Equities analysts predict that TJX Companies Inc (NYSE:TJX) will announce sales of $9.89 billion for the current quarter, Zacks reports. Nine analysts have issued estimates for TJX Companies’ earnings, with estimates ranging from $9.83 billion to $9.96 billion. TJX Companies reported sales of $9.33 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The company is scheduled to report its next earnings results on Tuesday, August 20th.
On average, analysts expect that TJX Companies will report full year sales of $41.33 billion for the current financial year, with estimates ranging from $41.14 billion to $41.54 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $43.85 billion, with estimates ranging from $43.52 billion to $44.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the business posted $1.13 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David T. Ching sold 20,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the transaction, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Stone House Investment Management LLC bought a new position in shares of TJX Companies during the first quarter worth approximately $25,000. CSU Producer Resources Inc. bought a new position in shares of TJX Companies during the first quarter worth approximately $27,000. Financial Gravity Wealth Inc. bought a new position in shares of TJX Companies during the first quarter worth approximately $30,000. Nalls Sherbakoff Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth approximately $25,000. Finally, Lenox Wealth Management Inc. increased its holdings in shares of TJX Companies by 92.0% during the first quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 300 shares during the period. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TJX Companies stock traded down $0.39 during trading hours on Friday, reaching $55.05. 92,590 shares of the company’s stock were exchanged, compared to its average volume of 4,340,079. TJX Companies has a fifty-two week low of $41.49 and a fifty-two week high of $57.15. The firm has a market cap of $67.62 billion, a PE ratio of 26.13, a P/E/G ratio of 1.95 and a beta of 0.73. The business’s 50 day moving average is $54.23. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.67%. TJX Companies’s dividend payout ratio 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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