The TJX Cos. (NYSE:TJX) – Stock analysts at Wedbush lowered their FY2017 earnings estimates for The TJX Cos. in a report issued on Wednesday. Wedbush analyst M. Brown now anticipates that the brokerage will earn $3.55 per share for the year, down from their prior forecast of $3.60. Wedbush currently has a “Outperform” rating and a $85.00 price objective on the stock. Wedbush also issued estimates for The TJX Cos.’s Q4 2017 earnings at $1.04 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $3.93 EPS and FY2019 earnings at $4.35 EPS.

A number of other research firms also recently commented on TJX. Stifel Nicolaus dropped their price objective on The TJX Cos. from $92.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Monday, August 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Wednesday, October 12th. Zacks Investment Research raised The TJX Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Jefferies Group set a $75.00 price objective on The TJX Cos. and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $83.64.

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

The TJX Cos. (NYSE:TJX) opened at 77.73 on Thursday. The TJX Cos. has a 12-month low of $63.53 and a 12-month high of $83.64. The stock has a 50 day moving average price of $73.97 and a 200-day moving average price of $76.57. The stock has a market capitalization of $51.04 billion, a P/E ratio of 22.57 and a beta of 0.69.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The TJX Cos. had a return on equity of 53.12% and a net margin of 7.00%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.

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 given a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The TJX Cos.’s dividend payout ratio is presently 30.41%.

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position 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 valued at $3,556,057,000 after buying an additional 333,779 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $3,348,757,000 after buying an additional 239,983 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 valued at $1,449,914,000 after buying an additional 652,818 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 valued at $1,011,496,000 after buying an additional 2,996,299 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of 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 valued at $772,822,000 after buying an additional 260,401 shares in the last quarter. 87.81% of the stock is owned by institutional investors and hedge funds.

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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