Wall Street analysts forecast that TJX Companies, Inc. (The) (NYSE:TJX) will announce sales of $8.88 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for TJX Companies, Inc. (The)’s earnings. The lowest sales estimate is $8.77 billion and the highest is $8.95 billion. TJX Companies, Inc. (The) posted sales of $8.29 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings report on Tuesday, November 21st.

On average, analysts expect that TJX Companies, Inc. (The) will report full year sales of $8.88 billion for the current fiscal year, with estimates ranging from $35.61 billion to $35.96 billion. For the next year, analysts anticipate that the business will report sales of $37.70 billion per share, with estimates ranging from $37.05 billion to $38.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover TJX Companies, Inc. (The).

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

A number of analysts have recently issued reports on the stock. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of TJX Companies, Inc. (The) in a research report on Monday, September 18th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, September 7th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $83.15.

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In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Jackson Wealth Management LLC lifted its position in shares of TJX Companies, Inc. (The) by 0.8% during the 1st quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after acquiring an additional 171 shares during the period. Waldron LP increased its stake in TJX Companies, Inc. (The) by 96.7% during the 1st quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after purchasing an additional 2,792 shares in the last quarter. JLB & Associates Inc. bought a new stake in TJX Companies, Inc. (The) during the 2nd quarter valued at $8,295,000. Vanguard Group Inc. increased its stake in TJX Companies, Inc. (The) by 5.2% during the 1st 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 purchasing an additional 2,336,495 shares in the last quarter. Finally, Davis R M Inc. increased its stake in TJX Companies, Inc. (The) by 0.7% during the 2nd quarter. Davis R M Inc. now owns 382,610 shares of the apparel and home fashions retailer’s stock valued at $27,613,000 after purchasing an additional 2,802 shares in the last quarter. Institutional investors own 89.13% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) traded up 0.115% on Thursday, hitting $73.735. 1,051,673 shares of the stock traded hands. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The stock has a market cap of $46.92 billion, a price-to-earnings ratio of 20.870 and a beta of 0.78. The firm’s 50 day moving average is $72.61 and its 200 day moving average is $73.71.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.70%. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

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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