TJX Companies, Inc. (The) (NYSE:TJX) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised TJX Companies, Inc. (The) from a sell rating to a buy rating and set a $79.00 price target on the stock in a research note on Tuesday, July 18th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Monday, July 17th. BidaskClub lowered TJX Companies, Inc. (The) from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $90.00 price objective (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Finally, Instinet reiterated a buy rating and set a $80.00 price objective (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $83.25.
Shares of TJX Companies, Inc. (NYSE TJX) opened at $70.76 on Tuesday. TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $45,020.00, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72.
TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. equities research analysts expect that TJX Companies, Inc. will post 3.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.
In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by insiders.
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TJX Companies, Inc. (The) Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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