FY2024 EPS Estimates for The TJX Companies, Inc. Increased by Telsey Advisory Group (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJX) – Telsey Advisory Group raised their FY2024 EPS estimates for TJX Companies in a report issued on Thursday, November 16th. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel and home fashions retailer will post earnings per share of $3.74 for the year, up from their prior forecast of $3.72. Telsey Advisory Group has a “Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $3.74 per share. Telsey Advisory Group also issued estimates for TJX Companies’ Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $1.19 EPS and FY2025 earnings at $4.09 EPS.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. The business had revenue of $13.27 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year.

TJX has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of TJX Companies from $99.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, November 16th. Barclays lifted their price target on shares of TJX Companies from $95.00 to $101.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Robert W. Baird lifted their price target on shares of TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Finally, Bank of America lifted their price target on shares of TJX Companies from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.11.

TJX Companies Stock Performance

Shares of TJX stock opened at $89.54 on Monday. The company’s fifty day simple moving average is $89.63 and its 200-day simple moving average is $85.88. TJX Companies has a 52 week low of $72.92 and a 52 week high of $93.78. The company has a current ratio of 1.19, a quick ratio of 0.56 and a debt-to-equity ratio of 0.42. The company has a market cap of $102.44 billion, a PE ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 0.91.

Hedge Funds Weigh In On TJX Companies

Several large investors have recently bought and sold shares of the stock. Merit Financial Group LLC lifted its holdings in shares of TJX Companies by 5.1% during the 2nd quarter. Merit Financial Group LLC now owns 33,127 shares of the apparel and home fashions retailer’s stock worth $2,809,000 after acquiring an additional 1,603 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of TJX Companies by 2.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 6,809 shares of the apparel and home fashions retailer’s stock worth $534,000 after purchasing an additional 172 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of TJX Companies by 15.1% during the 1st quarter. Advisors Asset Management Inc. now owns 123,265 shares of the apparel and home fashions retailer’s stock worth $9,659,000 after purchasing an additional 16,162 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of TJX Companies by 3.7% during the 1st quarter. Integrated Advisors Network LLC now owns 5,656 shares of the apparel and home fashions retailer’s stock worth $443,000 after purchasing an additional 204 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of TJX Companies during the 1st quarter worth about $223,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 35,907 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.29, for a total value of $3,206,136.03. Following the completion of the sale, the chief executive officer now directly owns 595,191 shares of the company’s stock, valued at $53,144,604.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 35,907 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $89.29, for a total transaction of $3,206,136.03. Following the transaction, the chief executive officer now owns 595,191 shares of the company’s stock, valued at $53,144,604.39. The disclosure for this sale can be found here. Insiders sold 104,921 shares of company stock valued at $9,490,639 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, November 8th. TJX Companies’s dividend payout ratio is 37.68%.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.