William Blair Analysts Lower Earnings Estimates for TJX Companies Inc (TJX)

Paterniano Del Favero
Mag 20, 2017

(NYSE:USFD) previous 52-week high was $29.26, trading at a volume of 1.33 million. Norges Bank purchased a new stake in TJX Companies during the fourth quarter worth $483,732,000.

At the end of fiscal 1Q18, TJX Companies operated 515 T.K. Maxx stores and 46 HomeSense stores in Europe and 35 T.K. Maxx stores in Australia.

12/05/2016 - Credit Suisse began new coverage on TJX Companies, Inc.

The quarterly company earnings release is usually highly anticipated. Institutional investors and hedge funds own 87.65% of the company's stock.

TJX Companies (NYSE:TJX) traded down 1.14% on Thursday, hitting $73.63.

On the other hand the company has Relative Strength Index (RSI 14) of 36.62 along with Average True Range (ATR 14) of 1.38, Consequently TJX Companies (NYSE:TJX)'s weekly and monthly volatility is 2.35%, 1.55% respectively. TJX Companies Inc has a 52-week low of $71.50 and a 52-week high of $83.64. The Market Capitalization of the company stands at 49.54 Billion. Latest closing price was -4.22% below its 50-day moving average and -2.36% below its 200-day moving average. Investors bought 7,451 put options on the stock. This is an increase of 1,856% compared to the typical volume of 381 put options.

TJX Companies Inc (NYSE:TJX) - Investment analysts at William Blair reduced their Q2 2018 earnings estimates for shares of TJX Companies in a research report issued to clients and investors on Wednesday. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.03.

TJX Companies (NYSE:TJX)'s trailing twelve month revenues are $33.18 Billion, whereas its price to sales ratio for the same period is 1.49.

Over the last 5 years, The TJX Companies, Inc. has averaged a 12.30% YoY EPS growth rate and a 7.40% revenue growth rate.

The stock grew about 9.87% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. Revenue for the quarter also did not kill consensus, coming in at $7.78B, compared to the consensus of 7.88B.

According to analysts TJX Companies (NYSE:TJX)'s minimum EPS for the current quarter is at $0.81 and can go high up to $0.95. Shareholders of record on Thursday, May 11th will be paid a $0.3125 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.26. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 9th. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International.

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On 9/11/2014 TJX Companies Inc announced a quarterly dividend of $0.18 1.17% with an ex dividend date of 11/10/2014 which will be payable on 12/4/2014.

A number of other equities research analysts have also weighed in on TJX.

The share price of TJX Companies, Inc. Finally, Instinet restated a "buy" rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies in a research note on Wednesday.

Let's take a look at analyst target price estimates on the stock. RBC Capital Mkts analysts stated on 17/05/2017 that they maintained their Outperform rating. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Finally, Cowen and Company set a $80.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research note on Wednesday.

In related news, EVP Michael Macmillan sold 21,180 shares of the firm's stock in a transaction that occurred on Friday, March 3rd. The Stock now has a Weekly Volatility of 2.45% and Monthly Volatility of 1.52%. Following the transaction, the executive vice president now directly owns 148,820 shares of the company's stock, valued at approximately $11,682,370. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

On 8/21/2013 Amy Lane, Director, sold 1,012 with an average share price of $54.36 per share and the total transaction amounting to $55,012.32.

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