TJX Companies Inc (TJX) Expected to Post Quarterly Sales of $9.20 Billion

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Wall Street analysts forecast that TJX Companies Inc (NYSE:TJX) will announce sales of $9.20 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for TJX Companies’ earnings. The lowest sales estimate is $9.12 billion and the highest is $9.33 billion. TJX Companies posted sales of $8.69 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next earnings report on Tuesday, May 28th.

On average, analysts expect that TJX Companies will report full year sales of $41.34 billion for the current fiscal year, with estimates ranging from $41.13 billion to $41.67 billion. For the next year, analysts anticipate that the business will report sales of $43.93 billion, with estimates ranging from $43.40 billion to $44.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover TJX Companies.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share.

TJX has been the subject of several recent research reports. Telsey Advisory Group lowered their price objective on TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, November 21st. Loop Capital raised their price objective on TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, February 27th. Credit Suisse Group lowered their price target on TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 21st. MKM Partners lifted their price target on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, Jefferies Financial Group set a $50.00 price target on TJX Companies and gave the stock a “hold” rating in a research report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.06.

Shares of TJX Companies stock opened at $52.10 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44. The firm has a market cap of $64.23 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.83 and a beta of 0.66. TJX Companies has a 12 month low of $39.86 and a 12 month high of $56.64.

TJX Companies announced that its board has initiated a share buyback plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the sale, the director now directly owns 31,092 shares in the company, valued at approximately $1,610,254.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Adirondack Trust Co. grew its stake in shares of TJX Companies by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 290 shares during the period. Westside Investment Management Inc. lifted its holdings in TJX Companies by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Edge Wealth Management LLC lifted its holdings in TJX Companies by 100.0% in the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in TJX Companies by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in TJX Companies by 100.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 682 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

TJX Companies Company Profile

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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