TJX Companies Inc Forecasted to Post Q3 2019 Earnings of $0.61 Per Share (TJX)
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.
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 décor, 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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