Revenue Estimates Analysis Of The TJX Companies, Inc. (TJX)

What Drove TJX Companies’ 1Q18 Earnings

What Drove TJX Companies’ 1Q18 Earnings

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The stock added in the prior trading session by 1.37%, closing at the stock price of $74.77. (TJX) has made a move of -2.77% over the past month, which has come on Strong relative transaction volume. TJX Companies, Inc. (The) 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. The company has a 50-day moving average of $77.68 and a 200 day moving average of $76.96.

In the next part, we'll analyze TJX Companies' fiscal 1Q18 earnings. Stock investors acquired 7,451 put options on the company. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.

In an analyst note issued to clients and investors on Wednesday, 17 May, Morgan Stanley increased shares of TJX Companies (NYSE:TJX) to a solid "Overweight" rating from their previous "Equal-Weight" rating. The company reported the earnings of $1.03/Share in the last quarter where the estimated EPS by analysts was $0.79/share. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion.

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. Revenue for the quarter also did not kill consensus, coming in at $7.78B, compared to the consensus of 7.88B. During the same period previous year, the business posted $0.76 earnings per share. Jefferies Group also issued estimates for TJX Companies' Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $3.82 EPS and FY2019 earnings at $4.12 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Duncker Streett And Com Inc reported 11,803 shares or 0.3% of all its holdings. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.25 annualized dividend and a yield of 1.68%. This is an increase from TJX Companies's previous quarterly dividend of $0.26.

TJX has been the topic of a number of recent research reports. The median target of analyst views collected by Yahoo Finance was as much as $11.73 below TJX's recent stock price. Vanguard Group Inc. boosted its position in shares of TJX Companies by 5.2% in the first quarter. 4 analysts have put a Hold rating on the stock, and 0 are giving a Sell recommendation. Instinet lifted their price target on shares of TJX Companies from $83.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, April 3rd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company.

A price target is the projected price level of a financial security stated by an investment analyst. Finally, Wells Fargo & Company MN boosted its stake in TJX Companies by 1.6% in the third quarter. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of global trademark & copyright law. Norges Bank bought a new position in shares of TJX Companies during the fourth quarter worth approximately $483,732,000. Also, EVP Richard Sherr sold 20,000 shares of the business's stock in a transaction on Friday, April 21st. The stock was sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the completion of the sale, the executive vice president now directly owns 121,179 shares in the company, valued at approximately $9,467,715.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

On 9/4/2013 Jerome R Rossi, EVP, sold 31,766 with an average share price of $53.85 per share and the total transaction amounting to $1,710,599.10. The shares were sold at an average price of $78.13, for a total value of $1,562,600.00. The disclosure for this sale can be found here. "MA Has $293,000 Stake in TJX Companies Inc (TJX)" was originally published by BBNS and is owned by of BBNS. TJX Companies's payout ratio is presently 30.41%.