TJX Companies (NYSE:TJX) Releases Q2 Earnings Guidance

TJX Companies (NYSE:TJX) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.88-0.90 for the period, compared to the consensus estimate of $0.94. TJX Companies also updated its FY 2025 guidance to 4.030-4.090 EPS.

TJX Companies Stock Performance

TJX opened at $102.14 on Friday. The stock’s 50 day simple moving average is $97.27 and its 200 day simple moving average is $95.09. The stock has a market cap of $115.72 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.67 and a beta of 0.87. TJX Companies has a 1-year low of $75.65 and a 1-year high of $104.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. As a group, equities analysts anticipate that TJX Companies will post 4.08 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.47%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is presently 37.22%.

TJX Companies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TJX shares. Telsey Advisory Group boosted their target price on shares of TJX Companies from $112.00 to $115.00 and gave the company an outperform rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a buy rating to a neutral rating and set a $100.00 price target for the company. in a report on Monday, February 5th. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the stock an overweight rating in a research note on Thursday. Finally, The Goldman Sachs Group upgraded TJX Companies from a neutral rating to a buy rating and upped their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $110.05.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.