Equities analysts expect The TJX Companies, Inc. (NYSE:TJX) to announce sales of $14.37 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for TJX Companies’ earnings, with the lowest sales estimate coming in at $14.15 billion and the highest estimate coming in at $14.81 billion. TJX Companies posted sales of $10.94 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.4%. The business is expected to announce its next earnings report on Wednesday, February 23rd.
According to Zacks, analysts expect that TJX Companies will report full-year sales of $48.99 billion for the current fiscal year, with estimates ranging from $48.63 billion to $49.51 billion. For the next fiscal year, analysts anticipate that the business will report sales of $52.73 billion, with estimates ranging from $51.68 billion to $53.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow TJX Companies.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 17th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The firm had revenue of $12.53 billion during the quarter, compared to analysts’ expectations of $12.27 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year.
In other TJX Companies news, CEO Ernie Herrman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $71.59, for a total transaction of $1,288,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in shares of TJX Companies during the third quarter worth $25,000. Dark Forest Capital Management LP acquired a new position in shares of TJX Companies during the second quarter worth $31,000. Herold Advisors Inc. acquired a new position in shares of TJX Companies during the third quarter worth $32,000. Rosenberg Matthew Hamilton lifted its position in shares of TJX Companies by 181.9% during the third quarter. Rosenberg Matthew Hamilton now owns 544 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 351 shares in the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of TJX Companies during the second quarter worth $44,000. 87.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE TJX opened at $71.48 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $85.96 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The firm has a 50-day moving average price of $67.66 and a 200 day moving average price of $68.38. TJX Companies has a 52 week low of $61.15 and a 52 week high of $76.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 2nd. Shareholders of record on Thursday, November 11th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 9th. This represents a $1.04 annualized dividend and a yield of 1.45%. TJX Companies’s dividend payout ratio is currently 50.49%.
TJX Companies Company Profile
The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.
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