TJX Companies (TJX) to Release Quarterly Earnings on Wednesday

TJX Companies (NYSE:TJX) is set to issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. TJX Companies’s revenue was up 5.6% on a year-over-year basis. 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 Trading Up 0.1 %

Shares of TJX Companies stock opened at $119.97 on Monday. The company has a 50 day simple moving average of $116.33 and a two-hundred day simple moving average of $111.69. The firm has a market cap of $135.31 billion, a PE ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. TJX Companies has a 1 year low of $87.26 and a 1 year high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group increased their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company 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.