TJX Companies, Inc. (The) (NYSE:TJX) Scheduled to Post Earnings on Monday
TJX Companies, Inc. (The) (NYSE:TJX) will be announcing its earnings results before the market opens on Monday, August 14th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. TJX Companies, Inc. (The) has set its FY18 guidance at $3.82-3.89 EPS and its Q2 guidance at $0.81-0.83 EPS.
TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect TJX Companies, Inc. (The) to post $3.89 EPS for the current fiscal year and $4.22 EPS for the next fiscal year.
TJX Companies, Inc. (TJX) opened at 70.16 on Monday. The company has a market cap of $45.13 billion, a P/E ratio of 19.92 and a beta of 0.77. The stock’s 50 day moving average is $70.27 and its 200 day moving average is $75.23. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $83.64.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is presently 35.51%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Credit Suisse Group reissued a “hold” rating and issued a $79.00 price objective on shares of TJX Companies, Inc. (The) in a research 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 research report on Thursday, June 8th. Instinet reissued a “buy” rating and issued a $84.00 price objective (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $83.72.
In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
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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.
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