TJX Companies (NYSE:TJX) is set to release its earnings data before the market opens on Tuesday, August 20th. Analysts expect TJX Companies to post earnings of $0.63 per share for the quarter.
TJX Companies (NYSE:TJX) last announced 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 return on equity of 57.47% and a net margin of 7.69%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts expect TJX Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of TJX Companies stock opened at $51.39 on Monday. TJX Companies has a one year low of $41.49 and a one year high of $57.15. The company has a market cap of $60.88 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.75 and a beta of 0.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23. The business’s 50 day moving average price is $54.03 and its 200 day moving average price is $52.74.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.79%. TJX Companies’s payout ratio is 43.60%.
A number of brokerages recently commented on TJX. Nomura lifted their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Argus restated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, May 24th. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and lifted their target price for the company from $50.00 to $60.00 in a research report on Friday. Finally, Cowen set a $63.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and an average target price of $58.80.
In related news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the sale, the director now owns 28,771 shares in the company, valued at approximately $1,501,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the sale, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.
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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