Northcoast Research Analysts Lower Earnings Estimates for TJX Companies Inc (TJX)
TJX Companies Inc (NYSE:TJX) – Northcoast Research lowered their Q1 2020 EPS estimates for TJX Companies in a research report issued on Wednesday, November 21st. Northcoast Research analyst T. Vierengel now anticipates that the apparel and home fashions retailer will earn $0.60 per share for the quarter, down from their previous forecast of $0.63. Northcoast Research also issued estimates for TJX Companies’ Q2 2020 earnings at $0.63 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.76 EPS and FY2020 earnings at $2.68 EPS.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. TJX Companies had a return on equity of 59.87% and a net margin of 7.98%. The firm had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.50 billion. During the same quarter last year, the firm earned $1.00 EPS. TJX Companies’s quarterly revenue was up 12.1% on a year-over-year basis.
Shares of NYSE TJX opened at $46.16 on Thursday. TJX Companies has a fifty-two week low of $35.22 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 $57.94 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65.
Several hedge funds and other institutional investors have recently made changes to their positions in TJX. Vontobel Asset Management Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $261,270,000. AQR Capital Management LLC lifted its holdings in shares of TJX Companies by 81.3% in the 3rd quarter. AQR Capital Management LLC now owns 4,859,636 shares of the apparel and home fashions retailer’s stock worth $544,377,000 after purchasing an additional 2,178,673 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $121,730,000. Prudential Financial Inc. lifted its holdings in shares of TJX Companies by 143.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,100,916 shares of the apparel and home fashions retailer’s stock worth $235,345,000 after purchasing an additional 1,236,439 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of TJX Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock worth $4,740,690,000 after purchasing an additional 1,089,109 shares during the last quarter. 45.09% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
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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