TJX Companies (NYSE:TJX) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. TJX Companies has set its Q1 guidance at $0.53-0.54 EPS and its FY20 guidance at $2.55-2.60 EPS.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect TJX Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:TJX opened at $52.48 on Tuesday. TJX Companies has a 12 month low of $41.49 and a 12 month high of $56.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. The firm has a market cap of $63.75 billion, a PE ratio of 24.87, a P/E/G ratio of 1.89 and a beta of 0.66.
TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 27th that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.23 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is presently 36.97%.
Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $56.00 in a report on Thursday, January 31st. Argus raised their target price on shares of TJX Companies to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday. They set an “outperform” rating for the company. Finally, Morgan Stanley raised their target price on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.58.
In other TJX Companies news, EVP Richard Sherr sold 43,000 shares of TJX Companies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the completion of the transaction, the executive vice president now owns 118,708 shares of the company’s stock, valued at $6,419,728.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 25,000 shares of TJX Companies stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $54.97, for a total transaction of $1,374,250.00. Following the completion of the transaction, the executive vice president now directly owns 134,675 shares of the company’s stock, valued at approximately $7,403,084.75. The disclosure for this sale can be found here. Insiders sold 109,498 shares of company stock valued at $5,933,022 in the last ninety days. 0.18% of the stock is owned by corporate insiders.
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
Recommended Story: 12b-1 Fees
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.