TJX Companies Inc (NYSE:TJX) – Investment analysts at William Blair lifted their FY2019 earnings estimates for shares of TJX Companies in a note issued to investors on Tuesday. William Blair analyst D. Hofkin now forecasts that the apparel and home fashions retailer will earn $4.15 per share for the year, up from their prior forecast of $4.05.

Several other equities analysts have also recently weighed in on TJX. Susquehanna Bancshares Inc initiated coverage on TJX Companies in a report on Friday, February 10th. They issued a “positive” rating and a $92.00 price objective for the company. Credit Suisse Group AG restated a “hold” rating and issued a $77.00 price objective on shares of TJX Companies in a report on Friday, February 17th. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 18th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of TJX Companies in a report on Wednesday, February 22nd. Finally, Cowen and Company reiterated an “outperform” rating and set a $87.00 price target on shares of TJX Companies in a report on Thursday, February 23rd. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $85.17.

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

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Shares of TJX Companies (NYSE:TJX) traded up 2.19% during mid-day trading on Thursday, hitting $75.61. The company’s stock had a trading volume of 3,008,683 shares. TJX Companies has a 1-year low of $71.50 and a 1-year high of $83.64. The company has a 50-day moving average price of $77.22 and a 200-day moving average price of $77.05. The stock has a market cap of $49.51 billion, a PE ratio of 21.47 and a beta of 0.70.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The company had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in TJX Companies by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after buying an additional 2,336,495 shares during the last quarter. BlackRock Inc. boosted its stake in TJX Companies by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares during the last quarter. State Street Corp boosted its stake in TJX Companies by 6.6% in the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after buying an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP boosted its stake in TJX Companies by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after buying an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in TJX Companies by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock worth $665,521,000 after buying an additional 3,275,506 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.

In other TJX Companies news, CFO Scott Goldenberg sold 15,571 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the sale, the chief financial officer now owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,930 shares of company stock valued at $4,515,486. Company insiders own 0.30% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be given a dividend of $0.3125 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.25 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, May 9th. TJX Companies’s payout ratio is currently 30.41%.

About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

12 Month Chart for NYSE:TJX

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