The TJX Companies, Inc. to Post FY2023 Earnings of $3.11 Per Share, Jefferies Financial Group Forecasts (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJXGet Rating) – Jefferies Financial Group raised their FY2023 earnings estimates for TJX Companies in a report released on Wednesday, November 16th. Jefferies Financial Group analyst C. Tarlowe now expects that the apparel and home fashions retailer will earn $3.11 per share for the year, up from their previous estimate of $3.10. The consensus estimate for TJX Companies’ current full-year earnings is $3.12 per share. Jefferies Financial Group also issued estimates for TJX Companies’ Q4 2023 earnings at $0.89 EPS and Q3 2024 earnings at $0.99 EPS.

A number of other research firms also recently issued reports on TJX. Cowen increased their price target on shares of TJX Companies from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $79.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday. Cowen increased their price target on shares of TJX Companies from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird increased their price target on shares of TJX Companies from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Gordon Haskett raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday, November 10th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.42.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $78.16 on Monday. The company has a market cap of $90.75 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90. The company has a 50-day moving average price of $67.62 and a 200-day moving average price of $63.42. The company has a current ratio of 1.16, a quick ratio of 0.47 and a debt-to-equity ratio of 0.50. TJX Companies has a 12 month low of $53.69 and a 12 month high of $79.99.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s payout ratio is 41.11%.

Insider Activity

In related news, CEO Ernie Herrman sold 50,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. Following the sale, the chief executive officer now owns 696,439 shares in the company, valued at $45,895,330.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lokken Investment Group LLC boosted its position in shares of TJX Companies by 1.7% during the 3rd quarter. Lokken Investment Group LLC now owns 8,670 shares of the apparel and home fashions retailer’s stock worth $539,000 after purchasing an additional 147 shares in the last quarter. Cubic Asset Management LLC raised its stake in TJX Companies by 1.0% in the 3rd quarter. Cubic Asset Management LLC now owns 14,960 shares of the apparel and home fashions retailer’s stock valued at $929,000 after purchasing an additional 150 shares during the last quarter. Aspiriant LLC increased its stake in shares of TJX Companies by 0.5% during the 3rd quarter. Aspiriant LLC now owns 27,910 shares of the apparel and home fashions retailer’s stock valued at $1,731,000 after acquiring an additional 150 shares during the last quarter. Kistler Tiffany Companies LLC grew its holdings in shares of TJX Companies by 2.3% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 6,953 shares of the apparel and home fashions retailer’s stock worth $432,000 after purchasing an additional 154 shares during the period. Finally, Syntal Capital Partners LLC grew its holdings in shares of TJX Companies by 0.8% during the 3rd quarter. Syntal Capital Partners LLC now owns 18,904 shares of the apparel and home fashions retailer’s stock worth $1,174,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 90.42% of the company’s stock.

About TJX Companies

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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; jewelry and accessories; and other merchandise.

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

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