TJX Companies Inc (NYSE:TJX) Expected to Post Earnings of $0.62 Per Share

Analysts predict that TJX Companies Inc (NYSE:TJX) will announce $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for TJX Companies’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.64. TJX Companies posted earnings of $0.59 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is expected to report its next earnings results on Tuesday, August 20th.

On average, analysts expect that TJX Companies will report full-year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.56 to $2.65. For the next fiscal year, analysts expect that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.80 to $2.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover TJX Companies.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year.

A number of analysts have weighed in on the company. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Cowen set a $63.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Credit Suisse Group increased their target price on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. MKM Partners increased their target price on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley increased their target price on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.46.

TJX stock traded up $0.52 during midday trading on Friday, reaching $53.34. The company’s stock had a trading volume of 5,459,311 shares, compared to its average volume of 6,918,236. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. TJX Companies has a 1 year low of $41.49 and a 1 year high of $56.64. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.86 and a beta of 0.72.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.72%. TJX Companies’s dividend payout ratio is currently 43.60%.

TJX Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

In related news, EVP Richard Sherr sold 43,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $54.08, for a total transaction of $2,325,440.00. Following the sale, the executive vice president now owns 118,708 shares of the company’s stock, valued at $6,419,728.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $53.00, for a total value of $86,125.00. Following the sale, the director now directly owns 29,467 shares in the company, valued at approximately $1,561,751. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,978 shares of company stock worth $7,001,230. Insiders own 0.18% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Washington Trust Bank boosted its holdings in TJX Companies by 2.1% in the first quarter. Washington Trust Bank now owns 9,246 shares of the apparel and home fashions retailer’s stock worth $492,000 after acquiring an additional 190 shares in the last quarter. Glassman Wealth Services boosted its holdings in TJX Companies by 9.7% in the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $114,000 after acquiring an additional 190 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in TJX Companies by 2.6% in the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after acquiring an additional 220 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in TJX Companies by 1.3% in the first quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock worth $912,000 after acquiring an additional 225 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in TJX Companies by 10.3% in the first quarter. Webster Bank N. A. now owns 2,446 shares of the apparel and home fashions retailer’s stock worth $130,000 after acquiring an additional 228 shares in the last quarter. 89.13% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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