Zacks: Analysts Anticipate TJX Companies Inc (TJX) Will Announce Earnings of $1.04 Per Share

Wall Street brokerages expect TJX Companies Inc (NYSE:TJX) to announce earnings of $1.04 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for TJX Companies’ earnings, with estimates ranging from $1.02 to $1.06. TJX Companies reported earnings per share of $0.85 during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.4%. The business is scheduled to issue its next earnings report on Tuesday, August 21st.

On average, analysts expect that TJX Companies will report full year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.78 to $4.90. For the next year, analysts anticipate that the company will report earnings of $5.34 per share, with EPS estimates ranging from $5.02 to $5.58. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.11. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The company had revenue of $8.67 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year.

Several brokerages recently issued reports on TJX. UBS Group began coverage on shares of TJX Companies in a research report on Thursday, June 21st. They issued a “sell” rating and a $87.00 target price for the company. ValuEngine upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Wedbush began coverage on shares of TJX Companies in a research report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 target price for the company. Credit Suisse Group upped their target price on shares of TJX Companies from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, June 22nd. Finally, Atlantic Securities lowered shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $90.08.

TJX Companies traded up $1.08, hitting $95.33, during midday trading on Tuesday, MarketBeat reports. The company had a trading volume of 2,188,045 shares, compared to its average volume of 2,930,777. TJX Companies has a 52-week low of $66.44 and a 52-week high of $96.82. The firm has a market capitalization of $59.60 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.69.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 15th. TJX Companies’s dividend payout ratio is presently 38.61%.

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total value of $44,025.00. Following the completion of the sale, the director now directly owns 15,498 shares of the company’s stock, valued at $1,364,598.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott Goldenberg sold 16,344 shares of the business’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $83.01, for a total transaction of $1,356,715.44. Following the completion of the sale, the chief financial officer now directly owns 86,024 shares of the company’s stock, valued at $7,140,852.24. The disclosure for this sale can be found here. Insiders sold 39,064 shares of company stock valued at $3,269,567 over the last three months. 0.22% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Summit Trail Advisors LLC raised its stake in shares of TJX Companies by 7,162.0% during the first quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock valued at $3,321,000 after acquiring an additional 3,275,557 shares during the last quarter. Millennium Management LLC raised its stake in shares of TJX Companies by 171.2% during the first quarter. Millennium Management LLC now owns 2,655,393 shares of the apparel and home fashions retailer’s stock valued at $216,574,000 after acquiring an additional 1,676,204 shares during the last quarter. Eaton Vance Management raised its stake in shares of TJX Companies by 49.7% during the first quarter. Eaton Vance Management now owns 2,923,959 shares of the apparel and home fashions retailer’s stock valued at $238,478,000 after acquiring an additional 970,534 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of TJX Companies by 25.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 4,727,154 shares of the apparel and home fashions retailer’s stock valued at $361,438,000 after acquiring an additional 952,987 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of TJX Companies by 14.2% during the first quarter. American Century Companies Inc. now owns 5,580,725 shares of the apparel and home fashions retailer’s stock valued at $455,164,000 after acquiring an additional 693,004 shares during the last quarter. 90.59% of the stock is owned by institutional investors and hedge funds.

About TJX Companies

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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Featured Article: Momentum Indicator: Relative Strength Index

Get a free copy of the Zacks research report on TJX Companies (TJX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply