TJX Companies (NYSE:TJX) Updates Q4 Earnings Guidance

TJX Companies (NYSE:TJX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.12-1.14 for the period, compared to the consensus earnings per share estimate of $1.18. TJX Companies also updated its FY 2025 guidance to 4.150-4.170 EPS.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Friday. The firm has a market cap of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The firm’s 50 day moving average price is $116.52 and its two-hundred day moving average price is $112.31. TJX Companies has a twelve month low of $87.44 and a twelve month high of $122.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. On average, research analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Morgan Stanley upped their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.