TJX Companies, Inc. (The) (TJX) Releases Quarterly Earnings Results, Hits Expectations
TJX Companies, Inc. (The) (NYSE:TJX) released its quarterly earnings results on Monday. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00, Bloomberg Earnings reports. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. TJX Companies, Inc. (The)’s revenue was up 5.7% compared to the same quarter last year.
TJX Companies, Inc. (TJX) traded down $2.82 during trading on Wednesday, reaching $67.94. 17,086,600 shares of the company were exchanged, compared to its average volume of 4,122,347. The company has a market capitalization of $43,960.00, a P/E ratio of 19.60, a P/E/G ratio of 1.70 and a beta of 0.72. TJX Companies, Inc. has a 1-year low of $66.44 and a 1-year high of $80.92. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 33.78%.
In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.
Several analysts have recently commented on TJX shares. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, July 18th. BidaskClub cut shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reduced their price objective on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $90.00 price objective (down from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.64.
About TJX Companies, Inc. (The)
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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