TJX Companies Inc (NYSE:TJX) – Analysts at DA Davidson boosted their Q3 2019 EPS estimates for shares of TJX Companies in a research note issued on Thursday, November 8th. DA Davidson analyst J. Morris now expects that the apparel and home fashions retailer will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.61. DA Davidson has a “Buy” rating and a $65.00 price objective on the stock. DA Davidson also issued estimates for TJX Companies’ FY2019 earnings at $2.48 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.65 EPS, Q4 2020 earnings at $0.81 EPS and FY2020 earnings at $2.76 EPS.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. TJX Companies’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share.

A number of other brokerages also recently issued reports on TJX. Telsey Advisory Group increased their price target on TJX Companies from $46.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. Buckingham Research increased their price target on TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Loop Capital reiterated a “hold” rating and set a $52.50 price target on shares of TJX Companies in a research report on Tuesday, August 21st. Credit Suisse Group increased their price target on TJX Companies from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Finally, Citigroup increased their price target on TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies presently has an average rating of “Buy” and a consensus target price of $54.08.

Shares of TJX stock opened at $55.64 on Friday. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. TJX Companies has a 12-month low of $33.22 and a 12-month high of $56.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $57,774,000. Atlas Capital Advisors LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $107,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $114,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $115,000. Finally, Cornerstone Advisors Inc. increased its holdings in shares of TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 821 shares during the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.80%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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