Wall Street brokerages expect that TJX Companies Inc (NYSE:TJX) will announce earnings of $1.27 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for TJX Companies’ earnings. The highest EPS estimate is $1.35 and the lowest is $1.24. TJX Companies reported earnings of $1.03 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The company is scheduled to report its next earnings results on Wednesday, February 28th.

On average, analysts expect that TJX Companies will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.01. For the next year, analysts expect that the business will post earnings of $4.32 per share, with EPS estimates ranging from $4.14 to $4.75. Zacks’ EPS calculations are an average based on a survey of analysts that follow TJX Companies.

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

TJX has been the topic of a number of recent research reports. Buckingham Research restated a “buy” rating and issued a $85.00 target price on shares of TJX Companies in a report on Thursday, October 19th. Guggenheim restated a “buy” rating and issued a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. Royal Bank of Canada set a $70.00 target price on TJX Companies and gave the company an “outperform” rating in a report on Tuesday, November 14th. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a report on Tuesday, December 5th. Finally, Wells Fargo & Co lowered TJX Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $82.32.

TJX Companies (TJX) opened at $78.89 on Friday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $50,200.00, a P/E ratio of 21.32, a PEG ratio of 1.83 and a beta of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.58%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.

Institutional investors have recently modified their holdings of the stock. Scotia Capital Inc. raised its stake in shares of TJX Companies by 9.4% in the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares during the period. Northern Capital Management LLC raised its stake in shares of TJX Companies by 34.5% in the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares during the period. Tillar Wenstrup Advisors LLC bought a new stake in shares of TJX Companies in the third quarter valued at $2,083,000. Gofen & Glossberg LLC IL raised its stake in shares of TJX Companies by 7.9% in the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp raised its stake in shares of TJX Companies by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.

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TJX Companies 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 (NYSE:TJX)

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