TJX Companies (NYSE:TJX) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

TJX Companies (NYSE:TJX) posted its quarterly earnings data on Wednesday. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05, RTT News reports. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the business earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year.

TJX Companies Stock Performance

TJX opened at $119.74 on Thursday. The business has a fifty day simple moving average of $116.46 and a 200 day simple moving average of $112.09. The company has a market capitalization of $135.05 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. TJX Companies has a 1 year low of $87.44 and a 1 year high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Barclays increased their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $127.41.

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.