Equities analysts expect TJX Companies Inc (NYSE:TJX) to post $8.52 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for TJX Companies’ earnings, with the lowest sales estimate coming in at $8.45 billion and the highest estimate coming in at $8.61 billion. TJX Companies reported sales of $7.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, May 15th.
On average, analysts expect that TJX Companies will report full year sales of $8.52 billion for the current financial year, with estimates ranging from $37.74 billion to $38.02 billion. For the next fiscal year, analysts anticipate that the company will report sales of $40.05 billion per share, with estimates ranging from $39.36 billion to $40.74 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TJX Companies.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. The company had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. TJX Companies’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS.
In related news, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $82.81, for a total transaction of $82,810.00. Following the sale, the director now directly owns 15,998 shares in the company, valued at $1,324,794.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 43,020 shares of TJX Companies stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $83.77, for a total value of $3,603,785.40. Following the sale, the chairman now owns 294,098 shares in the company, valued at $24,636,589.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,020 shares of company stock worth $5,446,635. Corporate insiders own 0.23% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its holdings in TJX Companies by 4.3% in the third quarter. Nationwide Fund Advisors now owns 197,007 shares of the apparel and home fashions retailer’s stock worth $14,525,000 after acquiring an additional 8,168 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in TJX Companies by 8.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 89,917 shares of the apparel and home fashions retailer’s stock worth $6,631,000 after acquiring an additional 7,298 shares in the last quarter. WestEnd Advisors LLC boosted its holdings in TJX Companies by 5.5% in the third quarter. WestEnd Advisors LLC now owns 712,744 shares of the apparel and home fashions retailer’s stock worth $52,551,000 after acquiring an additional 37,450 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in TJX Companies by 63.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 321,917 shares of the apparel and home fashions retailer’s stock worth $23,735,000 after acquiring an additional 125,529 shares in the last quarter. Finally, Rosenbaum Jay D. boosted its holdings in TJX Companies by 11.7% in the third quarter. Rosenbaum Jay D. now owns 19,140 shares of the apparel and home fashions retailer’s stock worth $1,411,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.
TJX Companies (NYSE TJX) opened at $82.47 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84. The company has a market capitalization of $52,150.00, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.67. TJX Companies has a 12 month low of $66.44 and a 12 month high of $84.79.
TJX Companies announced that its Board of Directors has authorized a share buyback program on Wednesday, February 28th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
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About TJX Companies
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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