Wall Street analysts predict that TJX Companies, Inc. (The) (NYSE:TJX) will report sales of $8.88 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for TJX Companies, Inc. (The)’s earnings, with the lowest sales estimate coming in at $8.77 billion and the highest estimate coming in at $8.95 billion. TJX Companies, Inc. (The) posted sales of $8.29 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is expected to announce its next quarterly 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 fiscal year, analysts anticipate that the company will post sales of $37.70 billion per share, with estimates ranging from $37.05 billion to $38.25 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow TJX Companies, Inc. (The).

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

Several equities research analysts have commented on the company. BidaskClub cut TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Instinet restated a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. MKM Partners restated a “buy” rating and issued a $87.00 target price on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Nomura set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.25.

TJX Companies, Inc. (TJX) opened at 72.09 on Monday. The firm has a market cap of $45.87 billion, a P/E ratio of 20.40 and a beta of 0.78. The company has a 50-day moving average price of $72.89 and a 200-day moving average price of $73.20. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $80.92.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders 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 1.73%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alta Capital Management LLC increased its holdings in TJX Companies, Inc. (The) by 0.8% in the 3rd quarter. Alta Capital Management LLC now owns 737,193 shares of the apparel and home fashions retailer’s stock worth $54,353,000 after purchasing an additional 5,937 shares in the last quarter. Carnick & Kubik Group LLC acquired a new position in TJX Companies, Inc. (The) in the 3rd quarter worth about $1,861,000. Honkamp Krueger Financial Services Inc. acquired a new position in TJX Companies, Inc. (The) in the 3rd quarter worth about $693,000. Rockefeller Financial Services Inc. increased its holdings in TJX Companies, Inc. (The) by 329.7% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 9,957 shares of the apparel and home fashions retailer’s stock worth $734,000 after purchasing an additional 7,640 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in TJX Companies, Inc. (The) by 125.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,998 shares of the apparel and home fashions retailer’s stock worth $442,000 after purchasing an additional 3,335 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

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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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