The TJX Cos. (NYSE:TJX) – Investment analysts at SunTrust Banks upped their FY2017 earnings per share (EPS) estimates for shares of The TJX Cos. in a research note issued on Tuesday. SunTrust Banks analyst P. Quintiliano now forecasts that the firm will post earnings per share of $3.53 for the year, up from their previous forecast of $3.49. SunTrust Banks also issued estimates for The TJX Cos.’s FY2018 earnings at $3.88 EPS.

TJX has been the subject of a number of other research reports. Jefferies Group restated a “hold” rating and set a $77.00 price objective on shares of The TJX Cos. in a report on Wednesday. Telsey Advisory Group boosted their price objective on shares of The TJX Cos. from $78.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday. Goldman Sachs Group Inc. restated a “buy” rating and set a $92.00 price objective on shares of The TJX Cos. in a report on Wednesday, August 17th. RBC Capital Markets decreased their price objective on shares of The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $82.99.

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

The TJX Cos. (NYSE:TJX) traded up 0.9451% during midday trading on Friday, reaching $77.8287. 2,693,755 shares of the company’s stock were exchanged. The stock has a market cap of $51.11 billion, a P/E ratio of 22.5983 and a beta of 0.69. The firm’s 50-day moving average is $73.98 and its 200 day moving average is $76.53. The TJX Cos. has a 1-year low of $65.64 and a 1-year high of $83.64.

The TJX Cos. (NYSE:TJX) last released its earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The company earned $8.29 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 6.9% compared to the same quarter last year.

Several large investors have recently bought and sold shares of TJX. FMR LLC increased its stake in The TJX Cos. by 0.7% in the second quarter. FMR LLC now owns 46,045,016 shares of the apparel and home fashions retailer’s stock worth $3,556,057,000 after buying an additional 333,779 shares during the last quarter. Vanguard Group Inc. increased its stake in The TJX Cos. by 0.6% in the second quarter. Vanguard Group Inc. now owns 43,360,847 shares of the apparel and home fashions retailer’s stock worth $3,348,757,000 after buying an additional 239,983 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in The TJX Cos. by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 18,773,971 shares of the apparel and home fashions retailer’s stock worth $1,449,914,000 after buying an additional 652,818 shares during the last quarter. JPMorgan Chase & Co. increased its stake in The TJX Cos. by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 13,526,285 shares of the apparel and home fashions retailer’s stock worth $1,011,496,000 after buying an additional 2,996,299 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in The TJX Cos. by 2.6% in the third quarter. BlackRock Fund Advisors now owns 10,334,613 shares of the apparel and home fashions retailer’s stock worth $772,822,000 after buying an additional 260,401 shares during the last quarter. Institutional investors own 87.81% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.35%. The TJX Cos.’s payout ratio is 30.41%.

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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