TJX Companies Inc (NYSE:TJX) – Equities researchers at Northcoast Research increased their Q3 2019 EPS estimates for TJX Companies in a report issued on Thursday, November 1st. Northcoast Research analyst T. Vierengel now forecasts that the apparel and home fashions retailer will earn $1.22 per share for the quarter, up from their prior estimate of $1.20. Northcoast Research also issued estimates for TJX Companies’ Q4 2019 earnings at $1.45 EPS.
Other analysts have also recently issued reports about the stock. Citigroup upped their price target on shares of TJX Companies from $48.00 to $55.50 and gave the company a “buy” rating in a report on Tuesday, July 31st. Cowen reissued a “buy” rating and set a $57.00 target price on shares of TJX Companies in a report on Tuesday, July 31st. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 target price on the stock in a report on Wednesday, July 18th. Loop Capital reissued a “hold” rating and set a $52.50 target price on shares of TJX Companies in a report on Tuesday, August 21st. Finally, Wells Fargo & Co increased their target price on shares of TJX Companies from $41.50 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.06.
TJX opened at $109.55 on Monday. The firm has a market capitalization of $67.75 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. TJX Companies has a 12-month low of $66.44 and a 12-month high of $113.28.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC bought a new position in shares of TJX Companies during the second quarter worth about $57,774,000. LFA Lugano Financial Advisors SA bought a new position in shares of TJX Companies during the third quarter worth about $114,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of TJX Companies during the third quarter worth about $115,000. Cornerstone Advisors Inc. grew its position in shares of TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after acquiring an additional 821 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of TJX Companies during the second quarter worth about $106,000. Institutional investors and hedge funds own 90.12% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.42%. TJX Companies’s dividend payout ratio is currently 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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