TJX Companies (NYSE:TJX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.68. TJX Companies also updated its FY20 guidance to $2.56-2.61 EPS.

A number of equities research analysts recently commented on the stock. MKM Partners lifted their price target on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. ValuEngine cut shares of TJX Companies from a hold rating to a sell rating in a report on Tuesday, July 2nd. Loop Capital raised shares of TJX Companies from a hold rating to a buy rating and lifted their price target for the stock from $50.00 to $60.00 in a report on Friday, August 16th. Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday, May 13th. They issued an outperform rating and a $63.00 price target on the stock. Finally, Credit Suisse Group lifted their price target on shares of TJX Companies from $55.00 to $56.00 and gave the stock a neutral rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $59.25.

Shares of TJX stock opened at $53.50 on Thursday. The company’s fifty day simple moving average is $53.92 and its two-hundred day simple moving average is $52.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. TJX Companies has a 1 year low of $41.49 and a 1 year high of $57.15. The stock has a market capitalization of $62.51 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.80 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies will post 2.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.72%. TJX Companies’s payout ratio is currently 43.60%.

In other news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the transaction, the director now owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Earnings History and Estimates for TJX Companies (NYSE:TJX)

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