Equities analysts expect TJX Companies Inc (NYSE:TJX) to report earnings of $0.68 per share for the current quarter, according to Zacks. Eight analysts have made estimates for TJX Companies’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. TJX Companies reported earnings of $0.69 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 27th.

On average, analysts expect that TJX Companies will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.42 to $2.51. For the next year, analysts expect that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.54 to $2.73. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The business had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Loop Capital restated a “hold” rating and issued a $52.50 price objective on shares of TJX Companies in a research report on Tuesday, August 21st. Wells Fargo & Co raised their price objective on shares of TJX Companies from $41.50 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, August 22nd. Bank of America raised their price objective on shares of TJX Companies from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. MKM Partners set a $60.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Finally, SunTrust Banks raised their price objective on shares of TJX Companies to $61.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and an average target price of $53.19.

A number of institutional investors have recently modified their holdings of TJX. Marshall Wace North America L.P. purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $776,000. Vanguard Group Inc. increased its stake in shares of TJX Companies by 1.2% during 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. Morgan Stanley increased its stake in shares of TJX Companies by 7.1% during the 3rd quarter. Morgan Stanley now owns 3,380,174 shares of the apparel and home fashions retailer’s stock worth $378,648,000 after purchasing an additional 224,439 shares in the last quarter. Kepos Capital LP increased its stake in shares of TJX Companies by 160.7% during the 3rd quarter. Kepos Capital LP now owns 49,627 shares of the apparel and home fashions retailer’s stock worth $5,559,000 after purchasing an additional 30,588 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $313,000. 44.59% of the stock is owned by institutional investors.

Shares of NYSE:TJX opened at $45.29 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63. The stock has a market capitalization of $58.17 billion, a P/E ratio of 22.42, a PEG ratio of 1.77 and a beta of 0.61. TJX Companies has a 52 week low of $36.41 and a 52 week high of $56.64.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.78 dividend on an annualized basis and a yield of 1.72%. TJX Companies’s dividend payout ratio (DPR) 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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