TJX Companies Company Profile (NYSE:TJX)

TJX Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TJX."

TJX Companies declared a quarterly dividend on Monday, June 5th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.3125 per share on Thursday, August 31st. This represents a $1.25 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 8th. View TJX Companies' Dividend History.

TJX Companies declared that its Board of Directors has authorized a stock buyback plan on Sunday, April 9th 2017, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 21% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

TJX Companies Inc (NYSE:TJX) announced its earnings results on Tuesday, May, 16th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies had a net margin of 6.89% and a return on equity of 47.46%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. View TJX Companies' Earnings History.

TJX Companies is scheduled to release their next quarterly earnings announcement on Monday, August, 14th 2017. View Earnings Estimates for TJX Companies.

TJX Companies updated its second quarter earnings guidance on Tuesday, May, 16th. The company provided EPS guidance of $0.81-0.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $8.2 billion, compared to the consensus revenue estimate of $8.38 billion.TJX Companies also updated its FY18 guidance to $3.82-3.89 EPS.

16 brokers have issued 12-month target prices for TJX Companies' shares. Their predictions range from $79.00 to $97.00. On average, they expect TJX Companies' stock price to reach $84.63 in the next year. View Analyst Ratings for TJX Companies.

Here are some recent quotes from research analysts about TJX Companies stock:

• 1. According to Zacks Investment Research, "TJX Companies has undertaken various initiatives to boost sales. The company has an aggressive store opening strategy and has reported positive comps growth in the last 32 quarters, driven by higher traffic. The company’s fresh stock and widespread sourcing machinery has helped it maintain a loyal customer base. Also, its aggressive marketing and advertising campaigns through multiple mediums have been driving store traffic. Meanwhile, it remains on track to boost online sales, along with the intent to add more categories to the online shopping site. Moreover, the company takes shareholder friendly-moves through dividends and share buybacks. Although TJX Companies’ shares have declined in the last three months due to higher payroll and pension related costs, which are pressurizing margins; its performance has been in line with the industry. Estimates have been largely stable ahead of its second-quarter fiscal 2018 earnings release." (7/18/2017)
• 2. Goldman Sachs Group, Inc. (The) analysts commented, "We reiterate our Buy rating on TJX and add it to the Americas Conviction List. We continue to believe TJX offers a compelling combination of long-term secular growth and near-term catalysts. We view TJX as a secular winner in apparel, growing market share at the expense of department stores, and a key beneficiary of the unraveling of the regional mall. As evidence, traffic has been running up low-tomid single digits, in contrast to department stores down mid-to-high single digits. Additionally, the buying environment remains robust, with the market still flush with excess product available to TJX at discounted prices. As wage pressure fades, we expect TJX to resume its more consistent high-single to low-double digit EPS growth algorithm. Our 12-month price target is $97 and implies 23% upside." (3/16/2017)

Some companies that are related to TJX Companies include Time Warner (TWX), Carnival plc (CCL), Compass Group plc (CPG), Sky Plc (SKY), Sky Plc (BSY), Yum China Holdings (YUMC), Wolseley plc (WOS), InterContinental Hotels Group PLC (IHG), Persimmon plc (PSN), Burberry Group plc (BRBY), Whitbread plc (WTB), Tui AG (TUI), ITV plc (ITV), Panera Bread Co (PNRA), Kingfisher plc (KGF), Wayfair (W), Adient PLC (ADNT) and Barratt Developments Plc (BDEV).

TJX Companies' management team includes the folowing people:

• Carol M. Meyrowitz, Executive Chairman of the Board
• Ernie L. Herrman, President, Chief Executive Officer, Director
• Scott Goldenberg, Chief Financial Officer, Senior Executive Vice President
• Kenneth D. Canestrari, Senior Executive Vice President, Group President
• Michael MacMillan, Senior Executive Vice President, Group President
• Richard Sherr, Senior Executive Vice President, Group President
• John F. O'Brien, Lead Independent Director
• Zein Abdalla, Independent Director
• Jose B. Alvarez, Independent Director
• Alan M. Bennett, Independent Director

TJX Companies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Alecta Pensionsforsakring Omsesidigt (1.41%), APG Asset Management N.V. (0.47%), Vontobel Asset Management Inc. (0.33%), Bank of Montreal Can (0.28%), Chevy Chase Trust Holdings Inc. (0.17%) and SPF Beheer BV (0.13%). Company insiders that own TJX Companies stock include Amy B Lane, Carol Meyrowitz, David T Ching, Ernie Herrman, Jose B Alvarez, Kenneth Canestrari, Michael Macmillan, Richard Sherr and Scott Goldenberg. View Institutional Ownership Trends for TJX Companies.

TJX Companies' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Alecta Pensionsforsakring Omsesidigt, Hermes Investment Management Ltd., Huntington National Bank, Mandatum Life Insurance Co Ltd, Handelsbanken Fonder AB, Nisa Investment Advisors LLC and Exxonmobil Investment Management Inc. TX. Company insiders that have sold TJX Companies stock in the last year include Kenneth Canestrari, Michael Macmillan, Richard Sherr and Scott Goldenberg. View Insider Buying and Selling for TJX Companies.

TJX Companies' stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Hexavest Inc., Vontobel Asset Management Inc., Marathon Asset Management LLP, First Quadrant L P CA, Aperio Group LLC, Intermede Investment Partners Ltd and Mn Services Vermogensbeheer B.V.. View Insider Buying and Selling for TJX Companies.

Shares of TJX Companies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TJX Companies stock can currently be purchased for approximately $68.92.