TJX Companies, Inc. (The) (TJX) Releases Earnings Results, Meets Expectations

TJX Companies, Inc. (The) (NYSE:TJX) announced its quarterly earnings results on Monday. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00, Bloomberg Earnings reports. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. TJX Companies, Inc. (The)’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share.

TJX Companies, Inc. (TJX) opened at $67.94 on Wednesday. The stock has a market capitalization of $45,022.76, a price-to-earnings ratio of 19.60, a PEG ratio of 1.70 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. TJX Companies, Inc. has a 12-month low of $66.44 and a 12-month high of $80.92.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

A number of analysts recently issued reports on the company. Citigroup Inc. lowered their price target on TJX Companies, Inc. (The) to $81.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company set a $76.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Tuesday. upgraded TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, July 18th. lowered TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $82.55.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

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About TJX Companies, Inc. (The)

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Earnings History for TJX Companies, Inc. (The) (NYSE:TJX)

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