TJX Companies Inc (TJX) Forecasted to Post Q4 2019 Earnings of $0.68 Per Share

TJX Companies Inc (NYSE:TJX) – Jefferies Financial Group decreased their Q4 2019 earnings per share (EPS) estimates for shares of TJX Companies in a research note issued to investors on Tuesday, November 20th. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel and home fashions retailer will post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.70. Jefferies Financial Group currently has a “Hold” rating and a $50.00 target price on the stock.

TJX has been the topic of a number of other reports. Morgan Stanley boosted their target price on TJX Companies from $49.50 to $59.50 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. MKM Partners set a $60.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada boosted their target price on TJX Companies to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Wells Fargo & Co boosted their target price on TJX Companies from $41.50 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.19.

TJX Companies stock opened at $45.86 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $57.12 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. TJX Companies has a 1-year low of $35.25 and a 1-year high of $56.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, beating 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 firm had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of TJX Companies by 1.2% in the third quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after acquiring an additional 593,647 shares in the last quarter. BlackRock Inc. increased its stake in TJX Companies by 2.6% in the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after purchasing an additional 1,089,109 shares during the last quarter. FMR LLC increased its stake in TJX Companies by 4.0% in the third quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after purchasing an additional 949,799 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TJX Companies by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after purchasing an additional 715,960 shares during the last quarter. Finally, Northern Trust Corp increased its stake in TJX Companies by 1.6% in the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after purchasing an additional 135,091 shares during the last quarter. Institutional investors and hedge funds own 45.09% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.40%. TJX Companies’s dividend payout ratio is currently 38.61%.

TJX Companies Company Profile

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

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