Brokerages Anticipate TJX Companies Inc (NYSE:TJX) Will Post Quarterly Sales of $10.36 Billion

Brokerages predict that TJX Companies Inc (NYSE:TJX) will announce $10.36 billion in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for TJX Companies’ earnings, with the highest sales estimate coming in at $10.52 billion and the lowest estimate coming in at $10.25 billion. TJX Companies reported sales of $9.83 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.4%. The business is expected to announce its next quarterly earnings results on Tuesday, November 19th.

According to Zacks, analysts expect that TJX Companies will report full year sales of $41.30 billion for the current fiscal year, with estimates ranging from $41.14 billion to $41.54 billion. For the next fiscal year, analysts expect that the company will post sales of $43.82 billion, with estimates ranging from $43.52 billion to $44.31 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover TJX Companies.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the company earned $1.17 EPS. TJX Companies’s revenue was up 4.8% compared to the same quarter last year.

Several analysts recently issued reports on TJX shares. MKM Partners upped their price objective on shares of TJX Companies to $62.00 in a research note on Thursday, May 23rd. Cowen set a $63.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, June 4th. Nomura increased their price target on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Loop Capital raised shares of TJX Companies from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $60.00 in a research note on Friday, August 16th. Finally, ValuEngine cut shares of TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. TJX Companies presently has an average rating of “Buy” and an average target price of $59.25.

In related news, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the completion of the sale, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glassman Wealth Services grew its holdings in shares of TJX Companies by 9.7% during the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $114,000 after buying an additional 190 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in TJX Companies by 0.9% in the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock valued at $1,125,000 after purchasing an additional 200 shares during the period. Sfmg LLC grew its holdings in TJX Companies by 3.7% in the second quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock valued at $329,000 after purchasing an additional 210 shares during the period. Clarus Wealth Advisors grew its holdings in TJX Companies by 3.7% in the second quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock valued at $320,000 after purchasing an additional 218 shares during the period. Finally, HighPoint Advisor Group LLC grew its holdings in TJX Companies by 2.6% in the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

NYSE TJX traded up $0.47 during trading hours on Monday, hitting $53.97. 174,494 shares of the company’s stock traded hands, compared to its average volume of 5,970,502. TJX Companies has a 52-week low of $41.49 and a 52-week high of $57.15. The company has a market capitalization of $62.51 billion, a PE ratio of 25.62, a PEG ratio of 1.80 and a beta of 0.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The firm’s 50-day moving average is $53.92 and its 200-day moving average is $52.75.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. TJX Companies’s dividend payout ratio is currently 43.60%.

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, 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.

Read More: What is the definition of market timing?

Get a free copy of the Zacks research report on TJX Companies (TJX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.