$12.26 Billion in Sales Expected for The TJX Companies, Inc. (NYSE:TJX) This Quarter

Wall Street brokerages expect that The TJX Companies, Inc. (NYSE:TJX) will announce sales of $12.26 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for The TJX Companies’ earnings. The lowest sales estimate is $11.69 billion and the highest is $12.76 billion. The TJX Companies posted sales of $10.12 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 21.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 17th.

On average, analysts expect that The TJX Companies will report full-year sales of $48.18 billion for the current financial year, with estimates ranging from $46.38 billion to $49.69 billion. For the next fiscal year, analysts expect that the company will post sales of $51.60 billion, with estimates ranging from $49.95 billion to $53.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover The TJX Companies.

The TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The business had revenue of $12.08 billion for the quarter, compared to analysts’ expectations of $10.98 billion. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The business’s revenue for the quarter was up 81.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) EPS.

Several research firms have issued reports on TJX. Deutsche Bank Aktiengesellschaft upped their target price on shares of The TJX Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Guggenheim increased their price objective on shares of The TJX Companies from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Barclays increased their price objective on shares of The TJX Companies from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, May 20th. Zacks Investment Research upgraded shares of The TJX Companies from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Wednesday, July 21st. Finally, Citigroup increased their price objective on shares of The TJX Companies from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 19th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $78.75.

In other The TJX Companies news, CFO Scott Goldenberg sold 39,643 shares of The TJX Companies stock in a transaction on Thursday, August 19th. The shares were sold at an average price of $72.98, for a total transaction of $2,893,146.14. Following the completion of the transaction, the chief financial officer now directly owns 145,897 shares of the company’s stock, valued at $10,647,563.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Carol Meyrowitz sold 72,546 shares of The TJX Companies stock in a transaction on Friday, August 20th. The stock was sold at an average price of $74.07, for a total transaction of $5,373,482.22. Following the transaction, the chairman now directly owns 261,875 shares of the company’s stock, valued at $19,397,081.25. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of The TJX Companies by 1.2% during the second quarter. Vanguard Group Inc. now owns 89,780,569 shares of the apparel and home fashions retailer’s stock worth $6,053,007,000 after purchasing an additional 1,051,630 shares during the last quarter. BlackRock Inc. lifted its position in shares of The TJX Companies by 0.3% during the first quarter. BlackRock Inc. now owns 87,173,041 shares of the apparel and home fashions retailer’s stock worth $5,766,499,000 after purchasing an additional 248,877 shares during the last quarter. State Street Corp lifted its position in shares of The TJX Companies by 0.9% during the second quarter. State Street Corp now owns 47,175,166 shares of the apparel and home fashions retailer’s stock worth $3,180,550,000 after purchasing an additional 398,759 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of The TJX Companies by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 32,157,085 shares of the apparel and home fashions retailer’s stock worth $2,168,030,000 after purchasing an additional 559,895 shares during the last quarter. Finally, FMR LLC lifted its position in shares of The TJX Companies by 0.8% during the second quarter. FMR LLC now owns 25,856,710 shares of the apparel and home fashions retailer’s stock worth $1,743,259,000 after purchasing an additional 213,151 shares during the last quarter. 87.70% of the stock is owned by institutional investors.

TJX traded up $1.00 during midday trading on Friday, hitting $70.48. 5,589,239 shares of the company traded hands, compared to its average volume of 6,372,878. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $84.75 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company’s 50-day moving average is $70.07 and its 200 day moving average is $68.41. The TJX Companies has a 52 week low of $50.06 and a 52 week high of $76.16.

The TJX Companies Company Profile

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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