TJX Companies, Inc. (The) (NYSE:TJX) – SunTrust Banks increased their Q4 2018 earnings estimates for shares of TJX Companies, Inc. (The) in a report released on Tuesday. SunTrust Banks analyst P. Quintiliano now expects that the apparel and home fashions retailer will post earnings of $1.26 per share for the quarter, up from their previous estimate of $1.22.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS.

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Several other analysts have also weighed in on the company. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $79.00 price objective (down from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Nomura reissued a “buy” rating and issued a $84.00 price objective on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.61.

TJX Companies, Inc. (TJX) traded down 1.697% on Thursday, reaching $70.375. The company had a trading volume of 3,488,788 shares. The stock has a 50 day moving average of $70.11 and a 200 day moving average of $74.86. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92. The firm has a market capitalization of $45.63 billion, a PE ratio of 19.919 and a beta of 0.77. TJX Companies, Inc. (The) also was the recipient of some unusual options trading on Monday. Investors acquired 21,190 put options on the stock. This is an increase of 1,148% compared to the typical volume of 1,698 put options.

Several institutional investors have recently modified their holdings of TJX. Patten & Patten Inc. TN acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $1,791,000. Armstrong Henry H Associates Inc. increased its position in shares of TJX Companies, Inc. (The) by 6.2% in the first quarter. Armstrong Henry H Associates Inc. now owns 23,235 shares of the apparel and home fashions retailer’s stock valued at $1,837,000 after buying an additional 1,350 shares in the last quarter. Coastline Trust Co increased its position in shares of TJX Companies, Inc. (The) by 31.5% in the first quarter. Coastline Trust Co now owns 4,945 shares of the apparel and home fashions retailer’s stock valued at $391,000 after buying an additional 1,185 shares in the last quarter. DnB Asset Management AS increased its position in shares of TJX Companies, Inc. (The) by 24.4% in the first quarter. DnB Asset Management AS now owns 79,510 shares of the apparel and home fashions retailer’s stock valued at $6,288,000 after buying an additional 15,600 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of TJX Companies, Inc. (The) by 2.2% in the first quarter. Gateway Investment Advisers LLC now owns 442,256 shares of the apparel and home fashions retailer’s stock valued at $34,974,000 after buying an additional 9,410 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

TJX Companies, Inc. (The) Company Profile

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.

Earnings History and Estimates for TJX Companies, Inc. (The) (NYSE:TJX)

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