TJX Companies (TJX) Releases Quarterly Earnings Results, Hits Expectations

TJX Companies (NYSE:TJX) released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00, Bloomberg Earnings reports. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. TJX Companies updated its Q4 guidance to $1.25-1.27 EPS.

Shares of TJX Companies (NYSE TJX) traded up $0.77 during trading on Friday, hitting $75.55. The stock had a trading volume of 6,280,100 shares, compared to its average volume of 4,193,085. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The firm has a market cap of $48,070.00, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, November 8th. TJX Companies’s dividend payout ratio (DPR) is 33.78%.

Several research firms recently issued reports on TJX. Citigroup cut their target price on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and set a $90.00 price target (down previously from $97.00) on shares of TJX Companies in a research report on Wednesday, August 16th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, August 9th. Finally, Instinet reaffirmed a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of TJX Companies in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.50.

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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.

Earnings History for TJX Companies (NYSE:TJX)

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