$11.62 Billion in Sales Expected for The TJX Companies, Inc. (NYSE:TJX) This Quarter

Analysts forecast that The TJX Companies, Inc. (NYSE:TJXGet Rating) will announce $11.62 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for TJX Companies’ earnings, with estimates ranging from $11.41 billion to $11.76 billion. TJX Companies reported sales of $10.09 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.2%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that TJX Companies will report full year sales of $52.91 billion for the current financial year, with estimates ranging from $52.77 billion to $53.11 billion. For the next year, analysts expect that the business will post sales of $56.28 billion, with estimates ranging from $55.63 billion to $56.77 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TJX Companies.

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

Several research analysts have recently issued reports on the company. Wells Fargo & Company downgraded TJX Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $75.00 to $60.00 in a research note on Tuesday, April 5th. Bank of America decreased their target price on shares of TJX Companies from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. BMO Capital Markets cut their price target on TJX Companies from $80.00 to $75.00 in a report on Thursday, February 24th. Barclays increased their price target on TJX Companies from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 13th. Finally, Citigroup cut their target price on TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $78.30.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc bought a new stake in TJX Companies during the 3rd quarter valued at $25,000. Winch Advisory Services LLC grew its stake in TJX Companies by 413.3% during the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 310 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $30,000. Sandy Cove Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth about $30,000. Finally, Intelligent Financial Strategies purchased a new stake in shares of TJX Companies in the fourth quarter worth about $30,000. Institutional investors own 91.45% of the company’s stock.

Shares of NYSE TJX opened at $60.41 on Monday. 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 company has a market cap of $70.95 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.87 and a beta of 0.88. TJX Companies has a 12 month low of $57.92 and a 12 month high of $77.35. The stock has a 50-day moving average price of $62.25 and a two-hundred day moving average price of $67.58.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be issued a $0.295 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.95%. TJX Companies’s payout ratio is 38.52%.

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

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