TJX Companies (NYSE:TJX) Updates FY25 Earnings Guidance

TJX Companies (NYSE:TJX) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.03-4.09 for the period, compared to the consensus earnings per share estimate of $4.11. TJX Companies also updated its FY 2025 guidance to 4.030-4.090 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on TJX. Redburn Atlantic lowered shares of TJX Companies from a buy rating to a neutral rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. UBS Group raised shares of TJX Companies from a neutral rating to a buy rating and raised their target price for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Telsey Advisory Group raised their target price on shares of TJX Companies from $112.00 to $115.00 and gave the company an outperform rating in a report on Thursday. The Goldman Sachs Group raised shares of TJX Companies from a neutral rating to a buy rating and raised their target price for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Robert W. Baird raised their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an outperform rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of Moderate Buy and an average target price of $108.67.

TJX Companies Stock Down 0.4 %

NYSE:TJX opened at $100.70 on Thursday. The firm’s 50 day simple moving average is $97.15 and its 200 day simple moving average is $94.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. TJX Companies has a one year low of $75.65 and a one year high of $104.98. The company has a market cap of $114.09 billion, a PE ratio of 26.20, a P/E/G ratio of 2.64 and a beta of 0.87.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. On average, research analysts anticipate that TJX Companies will post 4.1 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.49%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 38.86%.

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.