TJX Companies, Inc. (The) (NYSE:TJX) – SunTrust Banks increased their FY2018 earnings estimates for TJX Companies, Inc. (The) in a report issued on Tuesday. SunTrust Banks analyst P. Quintiliano now forecasts that the apparel and home fashions retailer will post earnings of $3.96 per share for the year, up from their previous estimate of $3.95. SunTrust Banks also issued estimates for TJX Companies, Inc. (The)’s Q4 2018 earnings at $1.30 EPS and FY2019 earnings at $4.30 EPS.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 52.79%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share.

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Several other analysts have also commented on TJX. BidaskClub lowered shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $72.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, August 9th. Royal Bank Of Canada decreased their price target on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $90.00 price target (down from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.50.

Shares of TJX Companies, Inc. (NYSE TJX) opened at $71.02 on Friday. The company has a market cap of $45,188.18, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72. TJX Companies, Inc. has a 1 year low of $66.44 and a 1 year high of $80.92. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of TJX Companies, Inc. (The) by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after purchasing an additional 708,532 shares during the period. BlackRock Inc. grew its stake in shares of TJX Companies, Inc. (The) by 4.8% during the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after purchasing an additional 1,996,874 shares during the period. State Street Corp grew its stake in shares of TJX Companies, Inc. (The) by 6.6% during the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after purchasing an additional 1,773,046 shares during the period. Wellington Management Group LLP grew its stake in shares of TJX Companies, Inc. (The) by 19.2% during the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after purchasing an additional 3,339,536 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of TJX Companies, Inc. (The) by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after purchasing an additional 51,364 shares during the period. 89.51% of the stock is currently owned by institutional investors and hedge funds.

In other TJX Companies, Inc. (The) 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 completion of the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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 1.76%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 33.78%.

TJX Companies, Inc. (The) Company Profile

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.

Earnings History and Estimates for TJX Companies, Inc. (The) (NYSE:TJX)

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