TJX Companies Inc (TJX) to Post FY2019 Earnings of $4.35 Per Share, SunTrust Banks Forecasts

TJX Companies Inc (NYSE:TJX) – Stock analysts at SunTrust Banks upped their FY2019 EPS estimates for shares of TJX Companies in a research note issued to investors on Friday. SunTrust Banks analyst P. Quintiliano now forecasts that the apparel and home fashions retailer will post earnings per share of $4.35 for the year, up from their prior forecast of $4.30. SunTrust Banks also issued estimates for TJX Companies’ FY2020 earnings at $4.78 EPS.

Other analysts have also issued research reports about the stock. Goldman Sachs Group lowered shares of 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. Nomura decreased their target price on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Royal Bank of Canada set a $76.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Monday, October 30th. Buckingham Research reissued a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, October 10th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.53.

Shares of TJX Companies (TJX) opened at $78.47 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a market cap of $49,616.78, a P/E ratio of 21.21, a P/E/G ratio of 1.68 and a beta of 0.73. TJX Companies has a twelve month low of $66.44 and a twelve month high of $81.46.

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, hitting the Zacks’ consensus estimate of $1.00. The business had revenue of $8.76 billion for 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%. TJX Companies’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.59%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.

Institutional investors have recently made changes to their positions in the company. Zions Bancorporation boosted its position in TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares during the period. Lenox Wealth Management Inc. purchased a new stake in TJX Companies during the 2nd quarter valued at $141,000. Highlander Capital Management LLC boosted its position in TJX Companies by 31.3% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares during the period. FTB Advisors Inc. boosted its position in TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after buying an additional 36 shares during the period. Finally, Franklin Street Advisors Inc. NC purchased a new stake in TJX Companies during the 4th quarter valued at $203,000. 90.63% of the stock is owned by institutional investors.

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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.

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

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