Brokerages Expect TJX Companies (TJX) Will Announce Earnings of $1.02 Per Share
Wall Street analysts forecast that TJX Companies (NYSE:TJX) will post earnings of $1.02 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for TJX Companies’ earnings. The highest EPS estimate is $1.04 and the lowest is $1.00. TJX Companies reported earnings of $0.82 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 24.4%. The company is scheduled to issue its next earnings results on Tuesday, May 15th.
On average, analysts expect that TJX Companies will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.76 to $4.97. For the next financial year, analysts forecast that the business will report earnings of $5.30 per share, with EPS estimates ranging from $4.95 to $5.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.10. The company had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.75 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share.
In other news, Director Amy B. Lane sold 1,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $82.81, for a total transaction of $82,810.00. Following the completion of the sale, the director now owns 15,998 shares in the company, valued at approximately $1,324,794.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 12,835 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $82.26, for a total value of $1,055,807.10. Following the sale, the chief executive officer now owns 431,986 shares of the company’s stock, valued at approximately $35,535,168.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,855 shares of company stock valued at $6,502,443. 0.23% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Harrington Investments INC lifted its position in shares of TJX Companies by 3.0% during the 4th quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock valued at $1,656,000 after acquiring an additional 640 shares during the last quarter. Assetmark Inc. lifted its position in shares of TJX Companies by 50.3% during the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after acquiring an additional 664 shares during the last quarter. Capital Investment Services of America Inc. lifted its position in shares of TJX Companies by 0.4% during the 4th quarter. Capital Investment Services of America Inc. now owns 184,330 shares of the apparel and home fashions retailer’s stock valued at $14,094,000 after acquiring an additional 685 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of TJX Companies by 13.3% during the 4th quarter. Global X Management Co. LLC now owns 5,853 shares of the apparel and home fashions retailer’s stock valued at $448,000 after acquiring an additional 689 shares during the last quarter. Finally, First Western Capital Management Co lifted its position in shares of TJX Companies by 1.6% during the 4th quarter. First Western Capital Management Co now owns 49,805 shares of the apparel and home fashions retailer’s stock valued at $3,808,000 after acquiring an additional 770 shares during the last quarter. Institutional investors own 90.80% of the company’s stock.
NYSE:TJX opened at $82.74 on Friday. The company has a market cap of $51,380.91, a PE ratio of 20.48, a P/E/G ratio of 1.63 and a beta of 0.67. TJX Companies has a 52 week low of $66.44 and a 52 week high of $85.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.39 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.31. This represents a $1.56 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, May 16th. TJX Companies’s dividend payout ratio (DPR) is presently 30.94%.
TJX Companies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. 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 décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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