Equities research analysts expect TJX Companies Inc (NYSE:TJX) to report $8.52 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for TJX Companies’ earnings. The highest sales estimate is $8.61 billion and the lowest is $8.45 billion. TJX Companies reported sales of $7.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 15th.
On average, analysts expect that TJX Companies will report full-year sales of $8.52 billion for the current year, with estimates ranging from $37.74 billion to $38.02 billion. For the next financial year, analysts forecast that the company will post sales of $40.05 billion per share, with estimates ranging from $39.36 billion to $40.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis.
TJX Companies (TJX) opened at $82.47 on Tuesday. TJX Companies has a 52-week low of $66.44 and a 52-week high of $84.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 1.66. The company has a market capitalization of $52,150.00, a PE ratio of 19.09, a P/E/G ratio of 1.65 and a beta of 0.67.
TJX Companies announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In related news, Chairman Carol Meyrowitz sold 43,020 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total transaction of $3,603,785.40. Following the completion of the sale, the chairman now directly owns 294,098 shares in the company, valued at approximately $24,636,589.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 11,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $83.64, for a total value of $920,040.00. Following the sale, the chief executive officer now owns 454,821 shares of the company’s stock, valued at $38,041,228.44. The disclosure for this sale can be found here. Insiders have sold a total of 65,020 shares of company stock valued at $5,446,635 over the last 90 days. 0.23% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Harrington Investments INC boosted its holdings in TJX Companies by 3.0% during the 4th quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock valued at $1,656,000 after acquiring an additional 640 shares during the period. Assetmark Inc. raised its position in TJX Companies by 50.3% during the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after purchasing an additional 664 shares during the last quarter. Capital Investment Services of America Inc. raised its position in TJX Companies by 0.4% during the 4th quarter. Capital Investment Services of America Inc. now owns 184,330 shares of the apparel and home fashions retailer’s stock valued at $14,094,000 after purchasing an additional 685 shares during the last quarter. Global X Management Co. LLC raised its position in TJX Companies by 13.3% during the 4th quarter. Global X Management Co. LLC now owns 5,853 shares of the apparel and home fashions retailer’s stock valued at $448,000 after purchasing an additional 689 shares during the last quarter. Finally, Pegasus Partners Ltd. raised its position in TJX Companies by 3.3% during the 3rd quarter. Pegasus Partners Ltd. now owns 22,649 shares of the apparel and home fashions retailer’s stock valued at $1,670,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.
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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