Zacks: Brokerages Anticipate TJX Companies Inc (TJX) Will Post Earnings of $0.69 Per Share

Brokerages predict that TJX Companies Inc (NYSE:TJX) will announce earnings per share (EPS) of $0.69 for the current quarter, Zacks reports. Eight analysts have made estimates for TJX Companies’ earnings, with estimates ranging from $0.66 to $0.73. TJX Companies also reported earnings per share of $0.69 in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that TJX Companies will report full year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.46. For the next year, analysts anticipate that the business will post earnings of $2.61 per share, with EPS estimates ranging from $2.54 to $2.73. Zacks Investment Research’s EPS 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 for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis.



A number of equities research analysts have recently weighed in on TJX shares. Telsey Advisory Group dropped their target price on TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, November 21st. DA Davidson started coverage on TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $65.00 target price for the company. Credit Suisse Group dropped their target price on TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Loop Capital set a $47.00 target price on TJX Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. Finally, Jefferies Financial Group set a $50.00 target price on TJX Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $53.58.

A number of hedge funds have recently bought and sold shares of TJX. Adirondack Trust Co. grew its position in TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 290 shares during the last quarter. Edge Wealth Management LLC grew its position in TJX Companies by 100.0% in the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 325 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Lenox Wealth Advisors LLC grew its position in TJX Companies by 100.0% in the fourth quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the last quarter. Finally, Weybosset Research & Management LLC grew its position in TJX Companies by 0.6% in 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 acquiring an additional 478 shares during the last quarter. 45.16% of the stock is owned by institutional investors and hedge funds.

Shares of TJX traded down $0.10 during midday trading on Wednesday, reaching $48.64. 4,297,946 shares of the stock were exchanged, compared to its average volume of 6,749,967. TJX Companies has a twelve month low of $36.41 and a twelve month high of $56.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 1.55. The company has a market capitalization of $60.62 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.81 and a beta of 0.67.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors 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 yield of 1.60%. The ex-dividend date of this dividend is Wednesday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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 décor, 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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