TJX Companies (NYSE:TJX) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.04-4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.84. TJX Companies also updated its Q2 guidance to $0.87-0.89 EPS.
Shares of TJX Companies opened at $84.70 on Tuesday, MarketBeat Ratings reports. The company has a market capitalization of $53.16 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.70 and a beta of 0.66. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. TJX Companies has a one year low of $66.44 and a one year high of $87.31.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.10. The business had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.75 billion. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. research analysts forecast that TJX Companies will post 4.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 17th will be paid a $0.39 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, May 16th. This represents a $1.56 annualized dividend and a yield of 1.84%. TJX Companies’s dividend payout ratio is presently 38.61%.
TJX Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
TJX has been the subject of several research reports. Zacks Investment Research downgraded shares of TJX Companies from a buy rating to a hold rating in a research note on Monday, January 22nd. Nomura set a $87.00 price target on shares of TJX Companies and gave the company a buy rating in a research note on Wednesday, February 28th. SunTrust Banks set a $98.00 price target on shares of TJX Companies and gave the company a buy rating in a research note on Thursday, March 1st. Buckingham Research reaffirmed a buy rating and set a $95.00 price target (up previously from $90.00) on shares of TJX Companies in a research note on Thursday, March 1st. Finally, BMO Capital Markets set a $94.00 price target on shares of TJX Companies and gave the company a buy rating in a research note on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $87.75.
In related news, EVP Richard Sherr sold 20,000 shares of TJX Companies stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $83.67, for a total transaction of $1,673,400.00. Following the completion of the transaction, the executive vice president now owns 92,715 shares of the company’s stock, valued at $7,757,464.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 12,835 shares of TJX Companies stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $82.26, for a total transaction of $1,055,807.10. Following the transaction, the chief executive officer now directly owns 431,986 shares of the company’s stock, valued at approximately $35,535,168.36. The disclosure for this sale can be found here. Insiders have sold 114,199 shares of company stock valued at $9,532,558 in the last three months. 0.22% of the stock is owned by insiders.
TJX Companies Company Profile
The TJX Companies, Inc 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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