Zacks: Brokerages Anticipate TJX Companies Inc (TJX) Will Post Quarterly Sales of $10.80 Billion

Equities analysts predict that TJX Companies Inc (NYSE:TJX) will report sales of $10.80 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for TJX Companies’ earnings. The lowest sales estimate is $10.65 billion and the highest is $10.93 billion. TJX Companies reported sales of $9.47 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that TJX Companies will report full year sales of $10.80 billion for the current fiscal year, with estimates ranging from $35.56 billion to $35.86 billion. For the next fiscal year, analysts forecast that the company will report sales of $37.59 billion per share, with estimates ranging from $36.60 billion to $37.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share.

Several equities analysts recently commented on the stock. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a research report on Tuesday, December 5th. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $76.00 to $72.00 in a report on Wednesday. Jefferies Group reiterated a “hold” rating and issued a $75.00 price target on shares of TJX Companies in a report on Thursday, September 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of TJX Companies in a report on Monday, September 18th. Finally, Cowen set a $88.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. TJX Companies has an average rating of “Buy” and an average price target of $81.95.

A number of institutional investors and hedge funds have recently modified their holdings of TJX. Fulton Bank N.A. grew its position in TJX Companies by 1.5% in the 4th quarter. Fulton Bank N.A. now owns 66,013 shares of the apparel and home fashions retailer’s stock valued at $5,048,000 after acquiring an additional 1,007 shares in the last quarter. Hefty Wealth Partners grew its position in TJX Companies by 72.3% in the 4th quarter. Hefty Wealth Partners now owns 11,658 shares of the apparel and home fashions retailer’s stock valued at $891,000 after acquiring an additional 4,893 shares in the last quarter. Beacon Financial Group acquired a new position in TJX Companies in the 4th quarter valued at about $1,777,000. Prudential Financial Inc. grew its position in TJX Companies by 1.4% in the 3rd quarter. Prudential Financial Inc. now owns 920,331 shares of the apparel and home fashions retailer’s stock valued at $67,856,000 after acquiring an additional 12,530 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its position in TJX Companies by 50.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,335,441 shares of the apparel and home fashions retailer’s stock valued at $98,461,000 after acquiring an additional 450,631 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Shares of TJX Companies (NYSE TJX) traded up $0.12 during trading on Friday, hitting $75.43. 3,799,900 shares of the company traded hands, compared to its average volume of 3,956,633. The stock has a market cap of $48,740.00, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.81 and a beta of 0.75. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies has a 52-week low of $66.44 and a 52-week high of $80.92.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.66%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.

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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.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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