Analysts Anticipate TJX Companies Inc (TJX) Will Post Quarterly Sales of $9.44 Billion
Wall Street analysts predict that TJX Companies Inc (NYSE:TJX) will announce $9.44 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for TJX Companies’ earnings, with the lowest sales estimate coming in at $9.25 billion and the highest estimate coming in at $9.58 billion. TJX Companies reported sales of $8.76 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The company is expected to announce its next earnings results on Tuesday, November 13th.
According to Zacks, analysts expect that TJX Companies will report full-year sales of $38.41 billion for the current financial year, with estimates ranging from $38.07 billion to $38.68 billion. For the next financial year, analysts anticipate that the firm will post sales of $41.02 billion, with estimates ranging from $40.27 billion to $42.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its stake in TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after acquiring an additional 821 shares during the period. Icon Wealth Partners LLC purchased a new stake in TJX Companies in the second quarter worth about $106,000. North Star Investment Management Corp. purchased a new stake in TJX Companies in the second quarter worth about $114,000. City Holding Co. purchased a new stake in TJX Companies in the second quarter worth about $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in TJX Companies in the third quarter worth about $114,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.
TJX stock traded up $1.68 during mid-day trading on Friday, reaching $109.44. 3,262,105 shares of the stock traded hands, compared to its average volume of 3,774,040. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. TJX Companies has a one year low of $66.44 and a one year high of $113.28. The stock has a market capitalization of $69.54 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.09 and a beta of 0.71.
TJX Companies’s stock is set to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be issued to shareholders after the market closes on Tuesday, November 6th.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s payout ratio is presently 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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