TJX Companies (NYSE:TJX) Releases FY25 Earnings Guidance

TJX Companies (NYSE:TJXGet Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.03-4.09 for the period, compared to the consensus estimate of $4.11. TJX Companies also updated its FY 2025 guidance to 4.030-4.090 EPS.

TJX Companies Price Performance

TJX stock traded up $5.99 during midday trading on Wednesday, reaching $103.69. 2,381,773 shares of the company’s stock traded hands, compared to its average volume of 5,084,333. The company has a 50-day simple moving average of $97.09 and a two-hundred day simple moving average of $94.93. TJX Companies has a 1-year low of $75.65 and a 1-year high of $104.20. The company has a market cap of $117.48 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.50 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. On average, analysts anticipate that TJX Companies will post 4.1 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 38.86%.

TJX Companies declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday. Telsey Advisory Group reiterated an outperform rating and issued a $112.00 price target on shares of TJX Companies in a research note on Friday, May 17th. UBS Group upgraded shares of TJX Companies from a neutral rating to a buy rating and boosted their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. Redburn Atlantic downgraded shares of TJX Companies from a buy rating to a neutral rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, The Goldman Sachs Group upgraded shares of TJX Companies from a neutral rating to a buy rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $107.56.

Get Our Latest Analysis on TJX Companies

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

(Get Free Report)

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.

See Also

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

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