The TJX Cos. (NYSE:TJX) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.96-0.98 for the period, compared to the Thomson Reuters consensus estimate of $1.02.

The TJX Cos. (NYSE:TJX) opened at 74.22 on Tuesday. The firm has a 50 day moving average of $73.97 and a 200-day moving average of $76.57. The company has a market capitalization of $48.74 billion, a price-to-earnings ratio of 21.55 and a beta of 0.69. The TJX Cos. has a 52-week low of $63.53 and a 52-week high of $83.64.

The TJX Cos. (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The firm earned $8.29 billion during the quarter, compared to analyst estimates of $8.23 billion. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The TJX Cos.’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. Equities analysts expect that The TJX Cos. will post $3.48 EPS for the current year.

Earnings History and Estimates for The TJX Cos. (NYSE:TJX)

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. The TJX Cos.’s dividend payout ratio is currently 30.15%.

Several equities analysts have weighed in on the company. Goldman Sachs Group Inc. reiterated a buy rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Wednesday, August 17th. Morgan Stanley restated a hold rating and set a $77.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Stifel Nicolaus restated a buy rating and set a $92.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Guggenheim restated a buy rating and set a $85.00 price target on shares of The TJX Cos. in a research note on Friday, September 30th. Finally, Nomura restated a buy rating and set a $85.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $83.51.

Several large investors have recently made changes to their positions in TJX. Point72 Asia Hong Kong Ltd acquired a new stake in shares of The TJX Cos. during the second quarter worth $131,000. Invictus RG purchased a new position in shares of The TJX Cos. during the second quarter valued at approximately $143,000. Seven Eight Capital LLC purchased a new position in shares of The TJX Cos. during the second quarter valued at approximately $224,000. Lakeview Capital Partners LLC raised its position in shares of The TJX Cos. by 16.9% in the second quarter. Lakeview Capital Partners LLC now owns 3,812 shares of the apparel and home fashions retailer’s stock valued at $294,000 after buying an additional 552 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its position in shares of The TJX Cos. by 26.5% in the second quarter. First Heartland Consultants Inc. now owns 4,292 shares of the apparel and home fashions retailer’s stock valued at $331,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.

About The TJX Cos.

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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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