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.

TJX has been the topic of a number of analyst reports. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $92.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 22nd. DA Davidson initiated coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $130.00 price objective on the stock. Atlantic Securities cut shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, June 26th. Buckingham Research boosted their price objective on shares of TJX Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Loop Capital reiterated a “hold” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $107.56.

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 d├ęcor, 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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