TJX Companies Inc (TJX) Expected to Announce Quarterly Sales of $9.44 Billion
Analysts expect that TJX Companies Inc (NYSE:TJX) will report $9.44 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for TJX Companies’ earnings, with the highest sales estimate coming in at $9.58 billion and the lowest estimate coming in at $9.25 billion. TJX Companies posted sales of $8.76 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.8%. The company is scheduled to report its next earnings report on Tuesday, November 13th.
On average, analysts expect that TJX Companies will report full-year sales of $38.41 billion for the current financial year, with estimates ranging from $38.07 billion to $38.68 billion. For the next fiscal year, analysts forecast that the firm will report sales of $41.02 billion, with estimates ranging from $40.27 billion to $42.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the company earned $0.85 earnings per share. TJX Companies’s revenue was up 11.6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Weybosset Research & Management LLC grew its position in shares of TJX Companies by 0.6% during the 3rd quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after acquiring an additional 478 shares during the period. Waverton Investment Management Ltd raised its position in TJX Companies by 3.7% in the 2nd quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock worth $1,326,000 after purchasing an additional 501 shares during the period. Martingale Asset Management L P raised its position in TJX Companies by 10.5% in the 2nd quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 506 shares during the period. Reilly Herbert Faulkner III grew its stake in TJX Companies by 0.9% in the 2nd quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock worth $5,854,000 after acquiring an additional 536 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in TJX Companies by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock worth $9,864,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.
NYSE TJX traded up $0.04 on Tuesday, hitting $106.54. 4,087,415 shares of the stock traded hands, compared to its average volume of 3,496,061. TJX Companies has a 12 month low of $66.44 and a 12 month high of $113.28. The firm has a market cap of $65.92 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.
TJX Companies’s stock is going to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be issued to shareholders after the market closes on Tuesday, November 6th.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.46%. TJX Companies’s dividend payout ratio is presently 38.61%.
About TJX Companies
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 décor, 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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