TJX Companies (TJX) to Release Earnings on Wednesday

TJX Companies (NYSE:TJX) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $16.22 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $121.08 on Monday. The business has a fifty day simple moving average of $122.86 and a 200 day simple moving average of $119.64. The firm has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.75 and a beta of 0.91. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, February 19th. Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.