TJX Companies (NYSE:TJX) Issues FY20 Earnings Guidance

TJX Companies (NYSE:TJX) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.56-2.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.63. TJX Companies also updated its Q3 guidance to $0.63-0.65 EPS.

TJX Companies stock opened at $53.50 on Thursday. TJX Companies has a 52 week low of $41.49 and a 52 week high of $57.15. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $53.92 and its 200 day simple moving average is $52.75. The firm has a market capitalization of $62.51 billion, a PE ratio of 25.36, a P/E/G ratio of 1.80 and a beta of 0.73.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts expect that TJX Companies will post 2.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s payout ratio is 43.60%.

Several brokerages recently weighed in on TJX. ValuEngine downgraded shares of TJX Companies from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Argus reissued a buy rating on shares of TJX Companies in a research note on Wednesday, July 3rd. Cowen set a $63.00 target price on shares of TJX Companies and gave the company a buy rating in a research note on Tuesday, June 4th. Robert W. Baird began coverage on shares of TJX Companies in a research note on Monday, May 13th. They issued an outperform rating and a $63.00 target price for the company. Finally, Zacks Investment Research raised shares of TJX Companies from a hold rating to a buy rating and set a $58.00 target price for the company in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. TJX Companies has a consensus rating of Buy and a consensus target price of $59.25.

In related news, Director David T. Ching sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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

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