TJX Companies (TJX) Updates Q4 Earnings Guidance
TJX Companies (NYSE:TJX) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.66-0.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. TJX Companies also updated its FY 2019 guidance to $2.41-2.43 EPS.
A number of research firms have recently issued reports on TJX. Royal Bank of Canada increased their target price on TJX Companies to $52.00 and gave the company an in-line rating in a research note on Wednesday. Wells Fargo & Co reiterated a hold rating on shares of TJX Companies in a research note on Tuesday. Telsey Advisory Group lowered their target price on TJX Companies from $55.00 to $51.00 and set a market perform rating for the company in a research note on Wednesday. Jefferies Financial Group set a $50.00 target price on TJX Companies and gave the company a hold rating in a research note on Tuesday. Finally, Loop Capital set a $47.00 target price on TJX Companies and gave the company a hold rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $53.62.
Shares of NYSE TJX opened at $46.82 on Wednesday. TJX Companies has a fifty-two week low of $35.05 and a fifty-two week high of $56.64. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.82 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.
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TJX Companies Company Profile
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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