The TJX Companies Inc (TJX) Announces Earnings Results

The TJX Companies Inc (TJX) Announces  Earnings Results

Shares of TJX Companies (NYSE TJX) opened at 75.22 on Monday. The stock’s 50 day moving average price is $77.03 and its 200-day moving average price is $77.10. TJX Companies has a one year low of $71.50 and a one year high of $83.64. The stock has a market cap of $48.39 billion, a PE ratio of 21.36 and a beta of 0.70.

TJX Companies Inc (NYSE:TJX) released its quarterly earnings results on Tuesday. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03, RTT News reports. The business had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. TJX Companies updated its FY18 guidance to $3.82-3.89 EPS and its Q2 guidance to $0.81-0.83 EPS.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s payout ratio is presently 30.41%.

TJX has been the subject of several analyst reports. Royal Bank of Canada set a $82.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Monday, March 27th. Morgan Stanley raised shares of TJX Companies from an “equal weight” rating to an “overweight” rating and set a $86.00 target price for the company in a research note on Wednesday, May 17th. Nomura reissued a “buy” rating and issued a $84.00 target price on shares of TJX Companies in a research note on Wednesday, May 17th. Cowen and Company set a $80.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Tuesday, April 25th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. TJX Companies presently has a consensus rating of “Buy” and an average price target of $85.17. In other TJX Companies news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the transaction, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,750 shares of company stock valued at $3,156,056. 0.30% of the stock is owned by insiders.

TJX Companies Company Profile The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TJX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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

Related posts

Leave a Comment