TJX Companies (TJX) Set to Announce Earnings on Wednesday

TJX Companies (NYSE:TJX) will be posting its quarterly earnings results before the market opens on Wednesday, November 20th. Analysts expect TJX Companies to post earnings of $1.09 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, analysts expect TJX Companies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TJX Companies Stock Up 0.1 %

TJX stock opened at $119.97 on Monday. TJX Companies has a 52 week low of $87.26 and a 52 week high of $122.10. The business has a 50-day simple moving average of $116.33 and a 200 day simple moving average of $111.69. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market cap of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. TD Cowen boosted their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Barclays increased their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.