Zacks: Brokerages Anticipate TJX Companies Inc (TJX) to Announce $0.68 EPS

Brokerages predict that TJX Companies Inc (NYSE:TJX) will post earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for TJX Companies’ earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.73. TJX Companies posted earnings of $0.69 per share during the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that TJX Companies will report full-year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.51. For the next fiscal year, analysts anticipate that the business will report earnings of $2.62 per share, with EPS estimates ranging from $2.54 to $2.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover TJX Companies.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. TJX Companies’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS.

A number of research analysts have issued reports on TJX shares. Deutsche Bank boosted their target price on shares of TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a research note on Monday, August 20th. Buckingham Research boosted their target price on shares of TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Loop Capital reissued a “hold” rating and set a $52.50 target price on shares of TJX Companies in a research note on Tuesday, August 21st. Guggenheim reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. Finally, Telsey Advisory Group boosted their target price on shares of TJX Companies from $46.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.19.

Several large investors have recently modified their holdings of TJX. Weybosset Research & Management LLC lifted its stake in TJX Companies by 0.6% during the third quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after purchasing an additional 478 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in TJX Companies by 3.7% during the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after purchasing an additional 501 shares during the last quarter. Martingale Asset Management L P lifted its stake in TJX Companies by 10.5% during the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 506 shares during the last quarter. Tdam USA Inc. lifted its stake in TJX Companies by 0.5% during the third quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock valued at $11,394,000 after purchasing an additional 525 shares during the last quarter. Finally, Reilly Herbert Faulkner III lifted its stake in TJX Companies by 0.9% during the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after purchasing an additional 536 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

TJX Companies stock opened at $45.29 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. The stock has a market cap of $58.17 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.77 and a beta of 0.61. TJX Companies has a 52-week low of $36.41 and a 52-week high of $56.64.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 13th. TJX Companies’s dividend payout ratio is currently 38.61%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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