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

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

The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $8.29 billion for 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. Analysts anticipate that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a yield of 1.40%. The TJX Cos.’s dividend payout ratio (DPR) is 30.15%.

Several research analysts have commented on TJX shares. BMO Capital Markets restated an outperform rating and issued a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, August 18th. Goldman Sachs Group Inc. restated a buy rating and issued a $92.00 target price on shares of The TJX Cos. in a research report on Monday, August 1st. Wedbush upped their target price on shares of The TJX Cos. from $82.00 to $84.00 and gave the stock an outperform rating in a research report on Wednesday, August 17th. Morgan Stanley restated a hold rating and issued a $77.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Jefferies Group set a $75.00 target price on shares of The TJX Cos. and gave the stock a hold rating in a research report on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The TJX Cos. presently has an average rating of Buy and an average price target of $83.51.

A number of hedge funds have recently bought and sold shares of TJX. K2 Principal Fund L.P. raised its stake in The TJX Cos. by 237.6% in the second quarter. K2 Principal Fund L.P. now owns 23,777 shares of the apparel and home fashions retailer’s stock valued at $1,836,000 after buying an additional 16,734 shares in the last quarter. Credit Suisse AG raised its stake in The TJX Cos. by 25.1% in the second quarter. Credit Suisse AG now owns 1,589,010 shares of the apparel and home fashions retailer’s stock valued at $122,719,000 after buying an additional 318,954 shares in the last quarter. FIL Ltd raised its stake in The TJX Cos. by 13.2% in the second quarter. FIL Ltd now owns 708,462 shares of the apparel and home fashions retailer’s stock valued at $54,715,000 after buying an additional 82,562 shares in the last quarter. Scotia Capital Inc. raised its stake in The TJX Cos. by 10.0% in the second quarter. Scotia Capital Inc. now owns 34,765 shares of the apparel and home fashions retailer’s stock valued at $2,686,000 after buying an additional 3,157 shares in the last quarter. Finally, Cipher Capital LP bought a new stake in The TJX Cos. during the second quarter valued at about $4,784,000. Institutional investors 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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