TJX Companies Inc (NYSE:TJX) – Analysts at Northcoast Research issued their Q1 2020 earnings per share (EPS) estimates for TJX Companies in a research note issued to investors on Friday, according to Zacks Investment Research. Northcoast Research analyst N. Mitchell expects that the apparel and home fashions retailer will post earnings of $1.12 per share for the quarter. Northcoast Research currently has a “Buy” rating and a $90.00 target price on the stock. Northcoast Research also issued estimates for TJX Companies’ Q2 2020 earnings at $1.23 EPS, Q3 2020 earnings at $1.35 EPS, Q4 2020 earnings at $1.53 EPS and FY2020 earnings at $5.23 EPS.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The business had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year.
TJX has been the subject of a number of other reports. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reaffirmed a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Citigroup reduced their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Cowen set a $88.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $87.30.
Shares of TJX Companies (TJX) traded down $0.42 during mid-day trading on Monday, reaching $81.88. 4,086,008 shares of the company’s stock were exchanged, compared to its average volume of 4,680,050. TJX Companies has a twelve month low of $66.44 and a twelve month high of $84.79. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The company has a market cap of $52,145.99, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.64 and a beta of 0.68.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CCM Investment Advisers LLC lifted its stake in TJX Companies by 1,393.0% in the 4th quarter. CCM Investment Advisers LLC now owns 59,466 shares of the apparel and home fashions retailer’s stock worth $4,546,000 after purchasing an additional 55,483 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in TJX Companies by 5.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 117,337 shares of the apparel and home fashions retailer’s stock worth $8,972,000 after purchasing an additional 6,417 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in TJX Companies by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 378,996 shares of the apparel and home fashions retailer’s stock worth $28,977,000 after purchasing an additional 13,867 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in TJX Companies by 5.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 369,684 shares of the apparel and home fashions retailer’s stock worth $28,266,000 after purchasing an additional 19,511 shares in the last quarter. Finally, Griffin Asset Management Inc. lifted its stake in TJX Companies by 58.8% in the 4th quarter. Griffin Asset Management Inc. now owns 70,730 shares of the apparel and home fashions retailer’s stock worth $5,408,000 after purchasing an additional 26,179 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.
In related news, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total transaction of $82,810.00. Following the sale, the director now directly owns 15,998 shares in the company, valued at approximately $1,324,794.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $84.00, for a total transaction of $840,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,020 shares of company stock worth $5,446,635 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.
TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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.
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