TJX Companies (NYSE:TJX) Issues Q3 Earnings Guidance

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TJX Companies (NYSE:TJX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. TJX Companies also updated its FY20 guidance to $2.56-2.61 EPS.

Shares of NYSE:TJX opened at $51.51 on Wednesday. The company has a market cap of $62.32 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73. TJX Companies has a twelve month low of $41.49 and a twelve month high of $57.15. The company’s 50 day moving average is $53.92 and its 200 day moving average is $52.73. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Equities research analysts predict that TJX Companies will post 2.63 earnings per share for the current fiscal year.

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

A number of equities research analysts have recently commented on the stock. Credit Suisse Group raised their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the stock a neutral rating in a research note on Wednesday, May 22nd. ValuEngine cut shares of TJX Companies from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Cowen set a $63.00 price objective on shares of TJX Companies and gave the stock a buy rating in a research note on Tuesday, June 4th. Zacks Investment Research raised shares of TJX Companies from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research note on Friday, May 24th. Finally, Robert W. Baird assumed coverage on shares of TJX Companies in a research note on Monday, May 13th. They set an outperform rating and a $63.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $59.25.

In related news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following 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 Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company 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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