TJX Companies Inc (NYSE:TJX) – Northcoast Research upped their FY2018 EPS estimates for TJX Companies in a note issued to investors on Wednesday. Northcoast Research analyst N. Mitchell now anticipates that the apparel and home fashions retailer will post earnings of $3.97 per share for the year, up from their previous estimate of $3.93. Northcoast Research also issued estimates for TJX Companies’ Q4 2018 earnings at $1.31 EPS, Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.23 EPS and Q4 2019 earnings at $1.53 EPS.
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 (EPS) for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.
TJX Companies (NYSE:TJX) remained flat at $$76.57 during mid-day trading on Thursday. The stock had a trading volume of 2,104,670 shares, compared to its average volume of 4,176,596. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies has a 12-month low of $66.44 and a 12-month high of $81.46. The firm has a market capitalization of $48,720.00, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.
Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in shares of TJX Companies by 2,438.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock worth $112,758,000 after buying an additional 1,469,079 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of TJX Companies by 9,096.8% during the 3rd quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock worth $101,787,000 after buying an additional 1,365,971 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of TJX Companies by 327.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,769,307 shares of the apparel and home fashions retailer’s stock worth $130,451,000 after buying an additional 1,355,496 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of TJX Companies by 406.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,438,900 shares of the apparel and home fashions retailer’s stock worth $110,018,000 after buying an additional 1,154,700 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in shares of TJX Companies by 21.3% during the 3rd quarter. Fiduciary Management Inc. WI now owns 5,660,160 shares of the apparel and home fashions retailer’s stock worth $417,324,000 after buying an additional 992,808 shares during the last quarter. Institutional investors own 90.37% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.3125 dividend. 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 1.63%. TJX Companies’s payout ratio is 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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