Northcoast Research Comments on TJX Companies Inc’s Q3 2019 Earnings (TJX)

TJX Companies Inc (NYSE:TJX) – Northcoast Research increased their Q3 2019 earnings per share estimates for TJX Companies in a report released on Thursday, November 1st. Northcoast Research analyst T. Vierengel now anticipates that the apparel and home fashions retailer will post earnings per share of $1.22 for the quarter, up from their prior estimate of $1.20. Northcoast Research also issued estimates for TJX Companies’ Q4 2019 earnings at $1.45 EPS.

Several other equities analysts have also weighed in on TJX. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, July 18th. Cowen reiterated a “buy” rating and set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, July 31st. Citigroup upped their price objective on shares of TJX Companies from $96.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank upped their price objective on shares of TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Buckingham Research upped their price objective on shares of TJX Companies from $100.00 to $112.00 and gave the company a “buy” rating in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $108.12.

Shares of NYSE TJX opened at $109.49 on Monday. TJX Companies has a 1-year low of $66.44 and a 1-year high of $113.28. The stock has a market cap of $67.75 billion, a PE ratio of 27.10, a P/E/G ratio of 2.04 and a beta of 0.65. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in TJX Companies by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after buying an additional 715,960 shares during the last quarter. Northern Trust Corp increased its stake in TJX Companies by 1.6% in the 2nd quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after buying an additional 135,091 shares during the last quarter. American Century Companies Inc. increased its stake in TJX Companies by 12.6% in the 3rd quarter. American Century Companies Inc. now owns 6,617,025 shares of the apparel and home fashions retailer’s stock valued at $741,239,000 after buying an additional 740,409 shares during the last quarter. Wells Fargo & Company MN increased its stake in TJX Companies by 1.4% in the 3rd quarter. Wells Fargo & Company MN now owns 5,766,367 shares of the apparel and home fashions retailer’s stock valued at $645,949,000 after buying an additional 79,223 shares during the last quarter. Finally, Swiss National Bank increased its stake in TJX Companies by 2.4% in the 2nd quarter. Swiss National Bank now owns 2,787,621 shares of the apparel and home fashions retailer’s stock valued at $265,326,000 after buying an additional 65,700 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.42%. TJX Companies’s dividend payout ratio is presently 38.61%.

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.

See Also: Earnings Reports

Earnings History and Estimates for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply