The TJX Companies, Inc. (NYSE:TJX) Expected to Post Quarterly Sales of $11.58 Billion

Wall Street analysts expect The TJX Companies, Inc. (NYSE:TJXGet Rating) to post $11.58 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for TJX Companies’ earnings, with the lowest sales estimate coming in at $11.41 billion and the highest estimate coming in at $11.70 billion. TJX Companies reported sales of $10.09 billion in the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The firm is expected to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that TJX Companies will report full year sales of $52.78 billion for the current year, with estimates ranging from $51.96 billion to $53.11 billion. For the next fiscal year, analysts forecast that the firm will post sales of $56.15 billion, with estimates ranging from $54.67 billion to $56.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TJX Companies.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The firm had revenue of $13.85 billion for the quarter, compared to analysts’ expectations of $14.19 billion. TJX Companies had a net margin of 6.76% and a return on equity of 55.47%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS.

A number of analysts have commented on TJX shares. BMO Capital Markets reduced their price target on TJX Companies from $80.00 to $75.00 in a research report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price target on TJX Companies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Truist Financial dropped their price objective on TJX Companies from $88.00 to $82.00 in a research note on Thursday, February 24th. Cowen dropped their price objective on TJX Companies from $88.00 to $72.00 in a research note on Monday, February 28th. Finally, Gordon Haskett dropped their price objective on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $78.30.

Several large investors have recently bought and sold shares of the company. Manchester Capital Management LLC lifted its stake in shares of TJX Companies by 2.9% in the 4th quarter. Manchester Capital Management LLC now owns 5,380 shares of the apparel and home fashions retailer’s stock valued at $408,000 after purchasing an additional 150 shares during the last quarter. Private Capital Group LLC raised its holdings in shares of TJX Companies by 5.6% in the first quarter. Private Capital Group LLC now owns 2,829 shares of the apparel and home fashions retailer’s stock worth $171,000 after buying an additional 150 shares during the period. TrinityPoint Wealth LLC raised its holdings in shares of TJX Companies by 0.5% in the third quarter. TrinityPoint Wealth LLC now owns 29,551 shares of the apparel and home fashions retailer’s stock worth $1,950,000 after buying an additional 152 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of TJX Companies by 3.7% in the third quarter. CWA Asset Management Group LLC now owns 4,387 shares of the apparel and home fashions retailer’s stock worth $289,000 after buying an additional 156 shares during the period. Finally, We Are One Seven LLC raised its holdings in shares of TJX Companies by 2.8% in the third quarter. We Are One Seven LLC now owns 5,824 shares of the apparel and home fashions retailer’s stock worth $381,000 after buying an additional 157 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

TJX traded up $1.19 during midday trading on Monday, reaching $57.19. The company had a trading volume of 8,036,367 shares, compared to its average volume of 6,370,004. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $61.59 and a two-hundred day moving average of $67.26. The company has a market cap of $67.17 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.67 and a beta of 0.88. TJX Companies has a 1 year low of $54.49 and a 1 year high of $77.35.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.06%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, May 11th. TJX Companies’s dividend payout ratio (DPR) is presently 43.70%.

About TJX Companies (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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