The TJX Companies, Inc. (NYSE:TJX – Get Rating) – Analysts at Jefferies Financial Group have dropped their second quarter 2023 earnings per share (EPS) estimates for the TJX Companies in a report released Wednesday, May 18. Jefferies Financial Group analyst C. Tarlowe now expects the apparel and home fashion retailer to post earnings per share of $0.69 for the quarter, down from his forecast. previous $0.85. Jefferies Financial Group also released TJX corporate earnings estimates for Q3 2023 at $0.86 EPS, Q4 2023 earnings at $0.98 EPS, Q1 2024 earnings at $0.79 EPS, earnings Q2 2024 earnings at $0.82 EPS, Q3 2024 earnings at $1.00 EPS and Q4 2024 earnings at $1.12 EPS.
Several other equity research analysts have also recently published reports on TJX. Deutsche Bank Aktiengesellschaft lowered its price target on TJX Companies shares from $83.00 to $79.00 and placed a “buy” rating on the stock in a Thursday, Feb. 24 research note. Cowen cut his price target on TJX Companies stock from $88.00 to $72.00 in a Monday, Feb. 28 report. Robert W. Baird lowered his target price on TJX Companies from $78.00 to $74.00 and set an “outperform” rating on the stock in a report released Thursday. Sanford C. Bernstein assumed coverage for the TJX Companies in a Monday, March 14 research note. They issued a “market performance” rating and a target price of $68.00 for the company. Finally, Citigroup cut its price target on TJX Companies stock from $81.00 to $78.00 and set a “buy” rating for the company in a Thursday, Feb. 24 report. Three equity research analysts gave the stock a hold rating and seventeen gave the company a buy rating. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average target price of $77.60.
Shares of TJX Companies opened at $61.41 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt ratio of 0.60. The company’s 50-day moving average price is $61.37 and its 200-day moving average price is $67.06. The company has a market capitalization of $72.12 billion, a PE ratio of 22.33, a P/E/G ratio of 1.83 and a beta of 0.88. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35.
TJX Companies (NYSE:TJX – Get Rating) last released quarterly earnings data on Wednesday, May 18. The home apparel and fashion retailer reported earnings per share of $0.68 for the quarter, beating analysts’ consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company posted revenue of $11.41 billion in the quarter, compared to $11.58 billion expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.44. The company’s revenue for the quarter increased 13.1% on an annual basis.
Several institutional investors have recently changed their positions in the company. Vanguard Group Inc. increased its stake in TJX Companies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 90,135,403 shares of the apparel and home fashion retailer worth $5,460,403,000 after buying an additional 277,362 shares last quarter. Wellington Management Group LLP increased its stake in TJX Companies by 3.9% in the third quarter. Wellington Management Group LLP now owns 88,309,228 shares of the clothing and home fashion retailer valued at $5,826,643,000 after acquiring an additional 3,339,510 shares in the last quarter. State Street Corp increased its stake in TJX Companies by 4.4% in the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashion retailer valued at $3,720,125,000 after acquiring an additional 2,057,821 shares last quarter. Bank of America Corp DE increased its stake in TJX Companies by 2.8% during the 4th quarter. Bank of America Corp DE now owns 21,988,270 shares of the apparel and home fashion retailer valued at $1,669,349,000 after acquiring an additional 596,043 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in TJX Companies shares by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 19,071,010 shares of the apparel and home fashion retailer worth $1,443,489,000 after purchasing an additional 404,042 shares in the last quarter. Institutional investors hold 91.45% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 12 will receive a dividend of $0.295 per share. This is a boost from TJX Companies’ previous quarterly dividend of $0.26. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.92%. The ex-date of this dividend is Wednesday, May 11. TJX Companies’ payout ratio is currently 42.91%.
Company Profile TJX Companies (Get a rating)
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, gift items, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
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