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.

Several brokerages have weighed in on TJX. Morgan Stanley increased their price objective on TJX Companies from $99.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, August 23rd. MKM Partners set a $120.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Royal Bank of Canada raised their price target on TJX Companies to $114.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Wells Fargo & Co raised their price target on TJX Companies from $83.00 to $112.00 and gave the stock a “market perform” rating in a report on Wednesday, August 22nd. Finally, Goldman Sachs Group started coverage on TJX Companies in a report on Monday, September 3rd. They issued a “buy” rating and a $126.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and an average target price of $108.12.

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 d├ęcor, 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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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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