Wall Street analysts forecast that TJX Companies Inc (NYSE:TJX) will post $1.27 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for TJX Companies’ earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.24. TJX Companies reported earnings of $1.03 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.3%. The business is expected to announce its next earnings results on Wednesday, February 28th.

On average, analysts expect that TJX Companies will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.90 to $3.96. For the next financial year, analysts anticipate that the firm will report earnings of $4.18 per share, with EPS estimates ranging from $4.02 to $4.30. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis.

Several equities analysts have recently commented on the company. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research note on Tuesday, December 5th. Citigroup cut their price objective on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Tuesday, November 14th. Cowen set a $88.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, MKM Partners reiterated a “buy” rating and issued a $87.00 price objective on shares of TJX Companies in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.15.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in TJX Companies by 20.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,869,397 shares of the apparel and home fashions retailer’s stock worth $211,561,000 after purchasing an additional 483,476 shares during the period. AXA increased its holdings in TJX Companies by 4.0% during the 3rd quarter. AXA now owns 1,091,140 shares of the apparel and home fashions retailer’s stock worth $80,449,000 after purchasing an additional 42,366 shares during the period. Shelton Capital Management increased its holdings in TJX Companies by 12.2% during the 3rd quarter. Shelton Capital Management now owns 7,758 shares of the apparel and home fashions retailer’s stock worth $572,000 after purchasing an additional 842 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in TJX Companies during the 3rd quarter worth about $628,000. Finally, Crestwood Advisors Group LLC increased its holdings in TJX Companies by 0.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 213,641 shares of the apparel and home fashions retailer’s stock worth $15,752,000 after purchasing an additional 1,088 shares during the period. Institutional investors own 90.26% of the company’s stock.

Shares of TJX Companies (NYSE:TJX) traded up $0.59 during trading on Friday, hitting $76.06. The stock had a trading volume of 5,251,500 shares, compared to its average volume of 4,240,004. TJX Companies has a twelve month low of $66.44 and a twelve month high of $80.92. The firm has a market cap of $47,719.88, a price-to-earnings ratio of 20.40, a PEG ratio of 1.81 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.64%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.

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About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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

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