TJX Companies (NYSE:TJX) Updates FY20 Earnings Guidance

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

Several research firms have weighed in on TJX. Robert W. Baird began coverage on TJX Companies in a report on Monday, May 13th. They issued an outperform rating and a $63.00 target price on the stock. Nomura upped their target price on TJX Companies from $57.00 to $60.00 and gave the company a buy rating in a report on Tuesday, June 25th. Zacks Investment Research raised TJX Companies from a hold rating to a buy rating and set a $58.00 target price on the stock in a report on Friday, May 24th. Credit Suisse Group upped their target price on TJX Companies from $55.00 to $56.00 and gave the company a neutral rating in a report on Wednesday, May 22nd. Finally, MKM Partners upped their target price on TJX Companies to $62.00 in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $59.25.

Shares of NYSE:TJX opened at $51.51 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. TJX Companies has a 52-week low of $41.49 and a 52-week high of $57.15. The stock’s fifty day simple moving average is $53.92 and its 200-day simple moving average is $52.73. The company has a market capitalization of $62.32 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.80 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that TJX Companies will post 2.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.79%. TJX Companies’s dividend payout ratio is currently 43.60%.

In other news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the sale, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is 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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