TJX Companies (TJX) Announces Earnings Results

TJX Companies (NYSE:TJX) posted its quarterly earnings results on Tuesday. The apparel and home fashions retailer reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11, Bloomberg Earnings reports. The business had revenue of $8.67 billion for the quarter, compared to analysts’ expectations of $8.47 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. TJX Companies updated its Q2 guidance to $0.87-0.89 EPS and its FY19 guidance to $4.04-4.10 EPS.

TJX Companies opened at $87.45 on Wednesday, according to MarketBeat.com. The stock has a market capitalization of $53.10 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.70 and a beta of 0.66. TJX Companies has a 12 month low of $66.44 and a 12 month high of $88.75. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 17th will be given a $0.39 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.56 annualized dividend and a yield of 1.78%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.

TJX Companies declared that its board has approved a stock buyback program on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts have commented on the company. Telsey Advisory Group raised their price target on TJX Companies from $84.00 to $92.00 and gave the company a “market perform” rating in a report on Wednesday. Loop Capital set a $84.00 price target on TJX Companies and gave the company a “hold” rating in a report on Tuesday. OTR Global assumed coverage on TJX Companies in a report on Tuesday, May 8th. They set a “positive” rating on the stock. Deutsche Bank assumed coverage on TJX Companies in a report on Monday, April 30th. They set a “buy” rating and a $98.00 price target on the stock. Finally, Cowen reissued a “buy” rating and set a $98.00 price target on shares of TJX Companies in a report on Monday, April 9th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $87.95.

In related news, CFO Scott Goldenberg sold 16,344 shares of TJX Companies stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $83.01, for a total value of $1,356,715.44. Following the completion of the transaction, the chief financial officer now owns 86,024 shares in the company, valued at $7,140,852.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 12,835 shares of TJX Companies stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $82.26, for a total value of $1,055,807.10. Following the completion of the transaction, the chief executive officer now owns 431,986 shares of the company’s stock, valued at approximately $35,535,168.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,199 shares of company stock valued at $9,532,558. 0.22% 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, 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.

Earnings History for TJX Companies (NYSE:TJX)

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