TJX Companies, Inc. (The) (NYSE:TJX) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.27.
A number of research firms recently issued reports on TJX. Jefferies Group LLC reaffirmed a hold rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. Royal Bank Of Canada reaffirmed a buy rating and set a $76.00 price target on shares of TJX Companies, Inc. (The) in a research note on Monday, September 18th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a neutral rating to a buy rating and set a $86.00 price target on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a hold rating to a buy rating and set a $82.00 target price on the stock in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reissued an outperform rating on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. One 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 presently has an average rating of Buy and an average price target of $83.25.
TJX Companies, Inc. (TJX) opened at $70.76 on Tuesday. The company has a market cap of $44,679.17, a P/E ratio of 19.45, a P/E/G ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80. TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92.
TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the firm posted $0.84 EPS. TJX Companies, Inc. (The)’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts anticipate that TJX Companies, Inc. will post 3.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.
In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.
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About TJX Companies, Inc. (The)
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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