TJX Companies Inc (NYSE:TJX) – Equities researchers at Northcoast Research boosted their Q2 2020 EPS estimates for shares of TJX Companies in a research report issued to clients and investors on Wednesday, May 22nd. Northcoast Research analyst T. Vierengel now anticipates that the apparel and home fashions retailer will earn $0.62 per share for the quarter, up from their prior estimate of $0.60. Northcoast Research also issued estimates for TJX Companies’ Q4 2020 earnings at $0.76 EPS, Q1 2021 earnings at $0.64 EPS and Q4 2021 earnings at $0.84 EPS.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share.
NYSE TJX opened at $52.16 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $64.70 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.66. TJX Companies has a 1 year low of $41.49 and a 1 year high of $56.64.
TJX Companies announced that its Board of Directors has approved a share repurchase program on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.76%. This is a boost from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is presently 43.60%.
In other TJX Companies news, CFO Scott Goldenberg sold 37,248 shares of TJX Companies stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the sale, the chief financial officer now directly owns 195,712 shares of the company’s stock, valued at approximately $10,548,876.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 43,000 shares of TJX Companies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the sale, the executive vice president now directly owns 118,708 shares in the company, valued at $6,419,728.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,978 shares of company stock worth $6,009,020. Insiders own 0.18% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of TJX Companies by 113.3% in the 4th quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after purchasing an additional 47,939,993 shares in the last quarter. FMR LLC boosted its position in shares of TJX Companies by 4.0% in the 1st quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock worth $2,848,403,000 after purchasing an additional 2,052,931 shares in the last quarter. Vanguard Group Inc boosted its position in shares of TJX Companies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after purchasing an additional 593,647 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of TJX Companies by 77.9% in the 4th quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after purchasing an additional 14,469,980 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of TJX Companies by 13,963.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after purchasing an additional 25,990,744 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.
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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