TJX Companies Inc (NYSE:TJX) – Investment analysts at Northcoast Research lowered their Q1 2020 earnings estimates for TJX Companies in a research note issued on Wednesday, November 21st. Northcoast Research analyst T. Vierengel now forecasts that the apparel and home fashions retailer will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.63. Northcoast Research also issued estimates for TJX Companies’ Q2 2020 earnings at $0.63 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.76 EPS and FY2020 earnings at $2.68 EPS.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. TJX Companies had a net margin of 7.98% and a return on equity of 59.87%. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year.
NYSE TJX opened at $46.16 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. TJX Companies has a 12-month low of $35.22 and a 12-month high of $56.64. The company has a market capitalization of $57.94 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.38%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. boosted its position in TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 821 shares during the period. Icon Wealth Partners LLC bought a new position in TJX Companies during the second quarter worth $106,000. Atlas Capital Advisors LLC bought a new position in TJX Companies during the third quarter worth $107,000. Capital Guardian Trust Co. bought a new position in TJX Companies during the third quarter worth $109,000. Finally, City Holding Co. bought a new position in TJX Companies during the second quarter worth $114,000. 45.09% of the stock is owned by hedge funds and other 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, 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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