Analysts expect TJX Companies Inc (NYSE:TJX) to post $9.45 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for TJX Companies’ earnings. The highest sales estimate is $9.58 billion and the lowest is $9.25 billion. TJX Companies posted sales of $8.76 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that TJX Companies will report full-year sales of $38.40 billion for the current financial year, with estimates ranging from $38.07 billion to $38.68 billion. For the next fiscal year, analysts anticipate that the business will report sales of $40.99 billion per share, with estimates ranging from $40.09 billion to $42.79 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The business had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share.
TJX has been the subject of a number of research reports. Loop Capital restated a “hold” rating and set a $90.00 target price on shares of TJX Companies in a research report on Wednesday, June 27th. Atlantic Securities lowered shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Tuesday, June 26th. Credit Suisse Group upped their target price on shares of TJX Companies from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, June 22nd. Buckingham Research upped their target price on shares of TJX Companies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Finally, MKM Partners set a $120.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and an average target price of $103.76.
A number of institutional investors have recently added to or reduced their stakes in the stock. Waverton Investment Management Ltd raised its stake in TJX Companies by 3.7% during the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after purchasing an additional 501 shares in the last quarter. Martingale Asset Management L P raised its stake in TJX Companies by 10.5% during the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 506 shares in the last quarter. Reilly Herbert Faulkner III raised its stake in TJX Companies by 0.9% during the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after purchasing an additional 536 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in TJX Companies by 0.5% during the second quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock valued at $9,864,000 after purchasing an additional 540 shares in the last quarter. Finally, D L Carlson Investment Group Inc. raised its stake in shares of TJX Companies by 8.3% in the second quarter. D L Carlson Investment Group Inc. now owns 7,134 shares of the apparel and home fashions retailer’s stock valued at $679,000 after acquiring an additional 544 shares during the period. 89.46% of the stock is currently owned by institutional investors.
Shares of TJX traded down $0.67 during mid-day trading on Friday, reaching $109.93. The stock had a trading volume of 3,735,000 shares, compared to its average volume of 3,809,797. The firm has a market cap of $68.99 billion, a P/E ratio of 27.21, a PEG ratio of 2.13 and a beta of 0.73. TJX Companies has a 12 month low of $66.44 and a 12 month high of $111.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.
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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