The TJX Companies, Inc. (NYSE:TJX) Expected to Announce Earnings of $0.60 Per Share

Equities research analysts expect The TJX Companies, Inc. (NYSE:TJX – Get Rating) to post earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for TJX Companies’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.63. TJX Companies posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that TJX Companies will report full-year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.23. For the next financial year, analysts anticipate that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.34 to $4.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The firm had revenue of $13.85 billion for the quarter, compared to analysts’ expectations of $14.19 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis.

A number of research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of TJX Companies in a report on Thursday, March 31st. They issued a “buy” rating for the company. Gordon Haskett dropped their target price on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Cowen dropped their target price on shares of TJX Companies from $88.00 to $72.00 in a report on Monday, February 28th. BMO Capital Markets lowered their price target on shares of TJX Companies from $80.00 to $75.00 in a research report on Thursday, February 24th. Finally, Barclays increased their price target on shares of TJX Companies from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 13th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $78.29.

Shares of TJX Companies stock opened at $62.44 on Friday. TJX Companies has a 12-month low of $57.92 and a 12-month high of $77.35. The company has a current ratio of 1.27, a quick ratio of 0.70 and a debt-to-equity ratio of 0.56. The stock has a market cap of $73.38 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.95. The company has a 50-day moving average of $63.35 and a two-hundred day moving average of $67.70.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 12th will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a yield of 1.89%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s dividend payout ratio (DPR) is 38.52%.

A number of large investors have recently bought and sold shares of TJX. Norges Bank purchased a new position in TJX Companies during the fourth quarter worth approximately $827,082,000. Nordea Investment Management AB raised its stake in TJX Companies by 190.2% during the third quarter. Nordea Investment Management AB now owns 9,047,696 shares of the apparel and home fashions retailer’s stock worth $615,243,000 after purchasing an additional 5,929,545 shares during the period. Longview Partners Guernsey LTD raised its stake in TJX Companies by 55.8% during the third quarter. Longview Partners Guernsey LTD now owns 9,796,864 shares of the apparel and home fashions retailer’s stock worth $646,397,000 after purchasing an additional 3,510,236 shares during the period. Wellington Management Group LLP raised its stake in TJX Companies by 3.9% during the third quarter. Wellington Management Group LLP now owns 88,309,228 shares of the apparel and home fashions retailer’s stock worth $5,826,643,000 after purchasing an additional 3,339,510 shares during the period. Finally, Jennison Associates LLC raised its stake in TJX Companies by 21.4% during the fourth quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashions retailer’s stock worth $1,399,753,000 after purchasing an additional 3,253,468 shares during the period. 89.02% of the stock is currently owned by institutional investors.

About TJX Companies (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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