TJX Companies, Inc. (The) Forecasted to Earn FY2018 Earnings of $3.92 Per Share (TJX)

TJX Companies, Inc. (The) (NYSE:TJX) – Stock analysts at Jefferies Group lifted their FY2018 earnings per share estimates for TJX Companies, Inc. (The) in a research report issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the apparel and home fashions retailer will post earnings per share of $3.92 for the year, up from their previous estimate of $3.89. Jefferies Group has a “Hold” rating and a $75.00 price target on the stock. Jefferies Group also issued estimates for TJX Companies, Inc. (The)’s Q4 2018 earnings at $1.26 EPS and FY2019 earnings at $4.15 EPS.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. TJX Companies, Inc. (The) had a return on equity of 53.11% and a net margin of 7.01%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 5.7% compared to the same quarter last year.

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Several other research analysts have also issued reports on TJX. BidaskClub lowered TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, August 9th. Royal Bank Of Canada reduced their price objective on TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Finally, The Goldman Sachs Group, Inc. reaffirmed a “buy” rating and set a $90.00 price objective (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $81.50.

TJX Companies, Inc. (NYSE:TJX) opened at $71.02 on Friday. TJX Companies, Inc. has a 52-week low of $66.44 and a 52-week high of $80.92. The stock has a market capitalization of $43,940.00, a P/E ratio of 18.36, a PEG ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. lifted its position in TJX Companies, Inc. (The) by 9.4% during the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after purchasing an additional 4,661 shares in the last quarter. Northern Capital Management LLC lifted its position in TJX Companies, Inc. (The) by 34.5% during the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after purchasing an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC purchased a new position in TJX Companies, Inc. (The) during the third quarter valued at $2,083,000. Gofen & Glossberg LLC IL lifted its position in TJX Companies, Inc. (The) by 7.9% during the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its position in TJX Companies, Inc. (The) by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after purchasing an additional 17,436 shares in the last quarter. Institutional investors own 89.51% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 33.78%.

TJX Companies, Inc. (The) Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Earnings History and Estimates for TJX Companies, Inc. (The) (NYSE:TJX)

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