TJX Companies (TJX) Projected to Post Quarterly Earnings on Wednesday

TJX Companies (NYSE:TJX - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $16.22 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect TJX Companies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TJX Companies Stock Performance

TJX traded down $1.90 during trading on Friday, hitting $121.08. The company's stock had a trading volume of 5,692,038 shares, compared to its average volume of 4,321,544. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The business's 50 day simple moving average is $122.93 and its 200-day simple moving average is $119.40. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $136.11 billion, a PE ratio of 28.49, a P/E/G ratio of 2.76 and a beta of 0.91.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies's dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.