The TJX Companies, Inc. (NYSE:TJX) Expected to Announce Quarterly Sales of $11.42 Billion

Wall Street brokerages forecast that The TJX Companies, Inc. (NYSE:TJX) will announce sales of $11.42 billion for the current quarter, Zacks reports. Eight analysts have issued estimates for The TJX Companies’ earnings, with the highest sales estimate coming in at $11.74 billion and the lowest estimate coming in at $11.13 billion. The TJX Companies posted sales of $12.21 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The firm is expected to report its next earnings report before the market opens on Wednesday, February 24th.

According to Zacks, analysts expect that The TJX Companies will report full year sales of $32.49 billion for the current financial year, with estimates ranging from $31.37 billion to $32.93 billion. For the next fiscal year, analysts expect that the company will post sales of $42.71 billion, with estimates ranging from $39.94 billion to $45.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover The TJX Companies.

TJX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on The TJX Companies from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Jefferies Financial Group raised their price target on The TJX Companies from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Credit Suisse Group raised their price target on The TJX Companies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Zacks Investment Research upgraded The TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research report on Thursday, November 12th. Finally, Smith Barney Citigroup lowered The TJX Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $73.00 to $69.00 in a research report on Friday, December 11th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $68.31.

Large investors have recently made changes to their positions in the business. Carlson Capital Management raised its stake in shares of The TJX Companies by 1.8% in the fourth quarter. Carlson Capital Management now owns 8,980 shares of the apparel and home fashions retailer’s stock worth $631,000 after purchasing an additional 156 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of The TJX Companies by 1.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 12,216 shares of the apparel and home fashions retailer’s stock worth $834,000 after purchasing an additional 160 shares during the last quarter. Arbor Trust Wealth Advisors LLC raised its stake in shares of The TJX Companies by 0.7% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 24,002 shares of the apparel and home fashions retailer’s stock worth $1,639,000 after purchasing an additional 160 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of The TJX Companies by 1.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 16,055 shares of the apparel and home fashions retailer’s stock worth $1,096,000 after purchasing an additional 170 shares during the last quarter. Finally, Trustcore Financial Services LLC raised its stake in shares of The TJX Companies by 8.6% in the fourth quarter. Trustcore Financial Services LLC now owns 2,151 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

TJX traded up $0.83 on Thursday, hitting $70.38. 323,504 shares of the company were exchanged, compared to its average volume of 6,129,570. The firm has a fifty day simple moving average of $67.59 and a two-hundred day simple moving average of $60.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 1.41. The TJX Companies has a 12 month low of $32.72 and a 12 month high of $70.96. The stock has a market capitalization of $84.50 billion, a PE ratio of 115.92, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 4th. Shareholders of record on Thursday, February 11th will be paid a dividend of $0.26 per share. This is a boost from The TJX Companies’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.48%. The TJX Companies’s payout ratio is presently 38.95%.

About The TJX Companies

The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.

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