TJX Companies (TJX) to Release Earnings on Wednesday

TJX Companies (NYSE:TJXGet Rating) will be announcing its earnings results before the market opens on Wednesday, May 18th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. TJX Companies has set its Q1 guidance at $0.58-0.61 EPS and its Q1 2023 guidance at $0.580-$0.610 EPS.Investors interested in participating in the company’s conference call can do so using this link.

TJX Companies (NYSE:TJXGet Rating) last released its earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The firm had revenue of $13.85 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. On average, analysts expect TJX Companies to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

TJX opened at $56.20 on Wednesday. The stock has a market cap of $66.00 billion, a PE ratio of 20.81, a PEG ratio of 1.83 and a beta of 0.88. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $61.95 and a 200-day moving average of $67.46. TJX Companies has a 52 week low of $55.47 and a 52 week high of $77.35.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, May 11th. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s dividend payout ratio (DPR) is presently 38.52%.

A number of research analysts have recently commented on TJX shares. Barclays raised their target price on TJX Companies from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 13th. Morgan Stanley reduced their price objective on TJX Companies from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. Gordon Haskett reduced their price objective on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. JPMorgan Chase & Co. reduced their price objective on TJX Companies from $92.00 to $85.00 in a research report on Thursday, February 17th. Finally, Credit Suisse Group reduced their price objective on TJX Companies from $86.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $78.30.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in TJX Companies by 2.6% during the second quarter. Morgan Stanley now owns 8,778,073 shares of the apparel and home fashions retailer’s stock valued at $591,818,000 after purchasing an additional 223,003 shares in the last quarter. Hardman Johnston Global Advisors LLC lifted its position in TJX Companies by 0.8% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 453,730 shares of the apparel and home fashions retailer’s stock valued at $34,447,000 after purchasing an additional 3,560 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in TJX Companies by 52.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 93,837 shares of the apparel and home fashions retailer’s stock valued at $7,043,000 after purchasing an additional 32,412 shares in the last quarter. NewEdge Advisors LLC lifted its position in TJX Companies by 65.3% during the fourth quarter. NewEdge Advisors LLC now owns 38,611 shares of the apparel and home fashions retailer’s stock valued at $2,931,000 after purchasing an additional 15,251 shares in the last quarter. Finally, Toroso Investments LLC lifted its position in TJX Companies by 14.9% during the fourth quarter. Toroso Investments LLC now owns 33,726 shares of the apparel and home fashions retailer’s stock valued at $2,560,000 after purchasing an additional 4,361 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

TJX Companies Company Profile (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 for TJX Companies (NYSE:TJX)

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