Analysts expect TJX Companies, Inc. (The) (NYSE:TJX) to report $8.32 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for TJX Companies, Inc. (The)’s earnings, with estimates ranging from $8.28 billion to $8.44 billion. TJX Companies, Inc. (The) posted sales of $7.88 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 15th.

On average, analysts expect that TJX Companies, Inc. (The) will report full year sales of $8.32 billion for the current year, with estimates ranging from $35.36 billion to $36.09 billion. For the next year, analysts anticipate that the company will post sales of $37.32 billion per share, with estimates ranging from $36.69 billion to $37.81 billion. Zacks’ sales averages are an average based on a survey of analysts that follow TJX Companies, Inc. (The).

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. TJX Companies, Inc. (The)’s revenue was up 3.2% on a year-over-year basis.

TJX has been the subject of several research analyst reports. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Nomura reiterated a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Tuesday, April 25th. Instinet reiterated a “buy” rating and set a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. TJX Companies, Inc. (The) has a consensus rating of “Buy” and an average price target of $83.78.

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In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the transaction, the executive vice president now owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in TJX. Guardian Life Insurance Co. of America boosted its position in shares of TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after buying an additional 16 shares during the period. Summit Asset Management LLC boosted its position in shares of TJX Companies, Inc. (The) by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after buying an additional 30 shares during the period. Reliance Trust Co. of Delaware boosted its position in shares of TJX Companies, Inc. (The) by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after buying an additional 31 shares during the period. WMS Partners LLC boosted its position in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after buying an additional 33 shares during the period. Finally, Messner & Smith Theme Value Investment Management Ltd. CA boosted its position in shares of TJX Companies, Inc. (The) by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock worth $850,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 89.85% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) opened at 71.26 on Thursday. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The stock’s 50 day moving average price is $69.96 and its 200 day moving average price is $75.01. The stock has a market cap of $45.84 billion, a price-to-earnings ratio of 20.23 and a beta of 0.77.

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 $0.3125 dividend. This represents a $1.25 dividend on an annualized basis 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 35.51%.

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

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