Analysts predict that TJX Companies, Inc. (The) (NYSE:TJX) will report $0.84 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for TJX Companies, Inc. (The)’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.88. TJX Companies, Inc. (The) also reported earnings of $0.84 per share in the same quarter last year. The firm is expected to issue its next quarterly earnings report before the market opens on Tuesday, August 15th.

According to Zacks, analysts expect that TJX Companies, Inc. (The) will report full-year earnings of $3.88 per share for the current year, with EPS estimates ranging from $3.81 to $3.98. For the next fiscal year, analysts expect that the firm will report earnings of $4.17 per share, with EPS estimates ranging from $4.12 to $4.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for TJX Companies, Inc. (The).

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. TJX Companies, Inc. (The)’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS.

A number of analysts have issued reports on TJX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $79.00 target price (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Nomura reaffirmed a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Zacks Investment Research lowered TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $83.72.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the transaction, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction, the executive vice president now owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TJX. Vanguard Group Inc. increased its position in TJX Companies, Inc. (The) 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 valued at $3,725,322,000 after buying an additional 2,336,495 shares in the last quarter. BlackRock Inc. increased its position in TJX Companies, Inc. (The) 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 valued at $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. State Street Corp increased its position in TJX Companies, Inc. (The) 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 valued at $2,277,402,000 after buying an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP increased its position in TJX Companies, Inc. (The) 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 valued at $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in TJX Companies, Inc. (The) 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 valued at $665,521,000 after buying an additional 3,275,506 shares in the last quarter. Institutional investors own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) traded up 2.22% during mid-day trading on Tuesday, reaching $71.93. The company’s stock had a trading volume of 2,859,248 shares. The stock has a market cap of $46.27 billion, a P/E ratio of 20.42 and a beta of 0.77. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $83.64. The stock has a 50 day moving average of $70.27 and a 200-day moving average of $75.23.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.77%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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About TJX Companies, Inc. (The)

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.

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Earnings History and Estimates for TJX Companies, Inc. (The) (NYSE:TJX)

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