Wall Street analysts expect TJX Companies, Inc. (The) (NYSE:TJX) to report earnings of $1.00 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for TJX Companies, Inc. (The)’s earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.02. TJX Companies, Inc. (The) reported earnings of $0.91 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 21st.

According to Zacks, analysts expect that TJX Companies, Inc. (The) will report full-year earnings of $3.93 per share for the current year, with EPS estimates ranging from $3.89 to $3.96. For the next fiscal year, analysts expect that the firm will report earnings of $4.21 per share, with EPS estimates ranging from $4.10 to $4.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow TJX Companies, Inc. (The).

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share.

Several analysts recently weighed in on the company. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price objective for the company in a research report on Wednesday, May 17th. BidaskClub upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Credit Suisse Group restated a “hold” rating and set a $79.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $83.24.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TJX. Waldron LP grew its stake in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after acquiring an additional 2,792 shares during the period. Wetherby Asset Management Inc. grew its stake in TJX Companies, Inc. (The) by 2.3% in the first quarter. Wetherby Asset Management Inc. now owns 13,504 shares of the apparel and home fashions retailer’s stock valued at $1,068,000 after acquiring an additional 300 shares during the period. Beaumont Financial Partners LLC grew its stake in TJX Companies, Inc. (The) by 26.6% in the first quarter. Beaumont Financial Partners LLC now owns 4,463 shares of the apparel and home fashions retailer’s stock valued at $353,000 after acquiring an additional 938 shares during the period. Exane Derivatives acquired a new stake in TJX Companies, Inc. (The) in the first quarter valued at approximately $2,782,000. Finally, Barrett Asset Management LLC grew its stake in TJX Companies, Inc. (The) by 12.4% in the first quarter. Barrett Asset Management LLC now owns 274,625 shares of the apparel and home fashions retailer’s stock valued at $21,717,000 after acquiring an additional 30,215 shares during the period. 89.15% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (TJX) traded down 0.59% on Thursday, hitting $73.06. The company had a trading volume of 1,067,212 shares. The firm has a 50-day moving average price of $71.11 and a 200-day moving average price of $74.28. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92. The firm has a market capitalization of $46.49 billion, a PE ratio of 20.68 and a beta of 0.76.

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TJX Companies, Inc. (The) Company Profile

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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