TJX Companies Inc (TJX) to Post FY2019 Earnings of $4.15 Per Share, William Blair Forecasts
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.
COPYRIGHT VIOLATION WARNING: “TJX Companies Inc (TJX) to Post FY2019 Earnings of $4.15 Per Share, William Blair Forecasts” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/05/25/tjx-companies-inc-tjx-to-post-fy2019-earnings-of-4-15-per-share-william-blair-forecasts.html.
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.
Receive News & Ratings for TJX Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc and related companies with MarketBeat.com's FREE daily email newsletter.