The TJX Companies Inc (TJX) Issues Q2 Earnings Guidance

The TJX Companies Inc (TJX) Issues Q2 Earnings Guidance

TJX Companies Inc (NYSE:TJX) opened at 75.22 on Monday. The firm has a market cap of $48.39 billion, a P/E ratio of 21.36 and a beta of 0.70. The company has a 50-day moving average of $77.03 and a 200 day moving average of $77.10. TJX Companies Inc has a 52 week low of $71.50 and a 52 week high of $83.64.

TJX Companies Inc (NYSE:TJX) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.81-0.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $8.2 billion, compared to the consensus revenue estimate of $8.38 billion.TJX Companies also updated its FY18 guidance to $3.82-3.89 EPS.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that TJX Companies Inc will post $3.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.66%. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, May 9th. TJX Companies’s payout ratio is presently 30.41%. A number of research analysts have issued reports on the company. Jefferies Group LLC set a $80.00 target price on TJX Companies and gave the company a hold rating in a research note on Tuesday, May 16th. Instinet restated a buy rating and issued a $84.00 price target (down from $87.00) on shares of TJX Companies in a report on Wednesday, May 17th. Cowen and Company set a $80.00 price target on TJX Companies and gave the company a buy rating in a report on Wednesday, May 17th. Credit Suisse Group AG restated a hold rating and issued a $79.00 price target on shares of TJX Companies in a report on Wednesday, May 17th. Finally, Royal Bank of Canada restated an outperform rating and issued a $79.00 price target (down from $82.00) on shares of TJX Companies in a report on Wednesday, May 17th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. TJX Companies has an average rating of Buy and an average target price of $85.17.

In other TJX Companies news, CFO Scott Goldenberg sold 15,571 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the transaction, the chief financial officer now owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the transaction, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,750 shares of company stock worth $3,156,056. Company insiders own 0.30% of the company’s stock. Several institutional investors have recently bought and sold shares of TJX. Cypress Wealth Advisors LLC increased its position in TJX Companies by 1.2% in the first quarter. Cypress Wealth Advisors LLC now owns 4,231 shares of the apparel and home fashions retailer’s stock valued at $335,000 after buying an additional 52 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in TJX Companies during the first quarter valued at approximately $382,000. Investment Centers of America Inc. increased its position in TJX Companies by 0.8% in the first quarter. Investment Centers of America Inc. now owns 7,769 shares of the apparel and home fashions retailer’s stock valued at $617,000 after buying an additional 59 shares during the last quarter. First Financial Equity Corporation purchased a new position in TJX Companies during the first quarter valued at approximately $743,000. Finally, Edgestream Partners L.P. increased its position in TJX Companies by 74.7% in the first quarter. Edgestream Partners L.P. now owns 21,232 shares of the apparel and home fashions retailer’s stock valued at $1,679,000 after buying an additional 9,078 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors.

About TJX Companies 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”});

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