Q2 2024 EPS Estimates for The TJX Companies, Inc. (NYSE:TJX) Reduced by Telsey Advisory Group

The TJX Companies, Inc. (NYSE:TJX – Get Rating) – Investment analysts at Telsey Advisory Group reduced their Q2 2024 earnings per share estimates for shares of TJX Companies in a research note issued on Thursday, May 18th. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel and home fashions retailer will post earnings per share of $0.76 for the quarter, down from their previous estimate of $0.79. Telsey Advisory Group has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $3.49 per share. Telsey Advisory Group also issued estimates for TJX Companies’ Q3 2024 earnings at $0.97 EPS, Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $3.58 EPS and FY2025 earnings at $3.89 EPS.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Robert W. Baird upped their target price on TJX Companies from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com assumed coverage on TJX Companies in a research note on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $85.00 to $86.00 in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on TJX Companies from $90.00 to $93.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.40.

TJX Companies Trading Up 0.1 %

Shares of NYSE TJX opened at $79.35 on Friday. The business’s 50 day moving average is $77.39 and its two-hundred day moving average is $78.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.20 and a quick ratio of 0.64. TJX Companies has a 1-year low of $54.55 and a 1-year high of $83.13. The stock has a market capitalization of $91.37 billion, a P/E ratio of 24.42, a PEG ratio of 2.15 and a beta of 0.91.

TJX Companies (NYSE:TJX – Get Rating) last released its quarterly earnings results on Wednesday, May 17th. The apparel and home fashions retailer reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. The firm had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $11.82 billion. TJX Companies had a return on equity of 62.78% and a net margin of 7.56%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS raised its holdings in shares of TJX Companies by 1.6% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 8,077 shares of the apparel and home fashions retailer’s stock valued at $643,000 after acquiring an additional 125 shares during the last quarter. Alpha Financial Partners LLC boosted its position in shares of TJX Companies by 2.5% during the first quarter. Alpha Financial Partners LLC now owns 5,337 shares of the apparel and home fashions retailer’s stock worth $418,000 after buying an additional 129 shares during the period. Parallel Advisors LLC boosted its holdings in TJX Companies by 1.3% in the fourth quarter. Parallel Advisors LLC now owns 10,438 shares of the apparel and home fashions retailer’s stock valued at $831,000 after purchasing an additional 132 shares during the period. Tradition Wealth Management LLC boosted its holdings in TJX Companies by 3.7% in the first quarter. Tradition Wealth Management LLC now owns 3,672 shares of the apparel and home fashions retailer’s stock valued at $288,000 after purchasing an additional 132 shares during the period. Finally, Drive Wealth Management LLC boosted its holdings in TJX Companies by 4.0% in the first quarter. Drive Wealth Management LLC now owns 3,652 shares of the apparel and home fashions retailer’s stock valued at $286,000 after purchasing an additional 140 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other news, EVP Scott Goldenberg sold 26,271 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $78.91, for a total value of $2,073,044.61. Following the sale, the executive vice president now owns 72,580 shares of the company’s stock, valued at approximately $5,727,287.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be paid a dividend of $0.3325 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.30. This represents a $1.33 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, May 10th. TJX Companies’s dividend payout ratio is presently 40.92%.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of apparel and home fashion products. It operates through the following business segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.