TJX Companies (NYSE:TJX) Releases Quarterly Earnings Results, Meets Estimates

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TJX Companies (NYSE:TJX) announced its quarterly earnings data on Tuesday. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62, Briefing.com reports. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. TJX Companies updated its Q3 guidance to $0.63-0.65 EPS and its FY20 guidance to $2.56-2.61 EPS.

Shares of TJX stock opened at $54.88 on Friday. The firm has a market cap of $62.46 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.81 and a beta of 0.73. TJX Companies has a fifty-two week low of $41.49 and a fifty-two week high of $57.15. The business’s 50 day moving average price is $53.94 and its 200-day moving average price is $52.78. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.46 and a current ratio of 1.25.

The firm 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 dividend on an annualized basis and a dividend yield of 1.68%. TJX Companies’s dividend payout ratio is currently 43.60%.

In other news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 approximately $1,501,846.20. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on TJX shares. Cowen set a $62.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, May 24th. DA Davidson set a $65.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group raised their price target on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Nomura raised their price target on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.56.

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, 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 for TJX Companies (NYSE:TJX)

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