TJX Companies (NYSE:TJX) Releases Q3 Earnings Guidance
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.
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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