TJX Companies, Inc. (The) (NYSE:TJX) posted its quarterly earnings results on Monday. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00, Bloomberg Earnings reports. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.
TJX Companies, Inc. (NYSE TJX) traded up $0.54 on Tuesday, hitting $70.76. The stock had a trading volume of 9,006,500 shares, compared to its average volume of 4,063,143. The stock has a market capitalization of $45,020.00, a P/E ratio of 19.45, a P/E/G ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63. TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.
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In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.
A number of research firms have recently commented on TJX. Instinet reaffirmed a “buy” rating and issued a $80.00 price target (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. MKM Partners reaffirmed a “buy” rating and issued a $87.00 price target on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Zacks Investment Research lowered TJX Companies, Inc. (The) from a “buy” rating to a “sell” rating in a report on Monday. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $83.25.
TJX Companies, Inc. (The) Company Profile
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.
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