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.

A number of other equities research analysts have also weighed in on TJX. Cowen set a $59.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday. Loop Capital set a $47.00 price objective on TJX Companies and gave the company a “hold” rating in a research note on Tuesday. Nomura lowered their price objective on TJX Companies from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays set a $55.00 price objective on TJX Companies and gave the company a “hold” rating in a research note on Wednesday. Finally, Telsey Advisory Group decreased their target price on TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.19.

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 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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