Earnings Report: Here’s what to expect from TJX Companies Stock Forecast, Price & News (NYSE:TJX)

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Earnings results for TJX Companies Stock Forecast, Price & News (NYSE:TJX)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at -0.09 and remained the same over the past month at -0.09. Of the 3 analysts making quarterly forecasts, 2raised and 2 lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has remained the same over the past week at 0.6 and remained the same over the past month at 0.6 . Of the 3 analysts making yearly forecasts, 1raised and 2 lowered their forecast.

TJX Companies last issued its earnings data on May 21st, 2020. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.56. The business earned $4.41 billion during the quarter, compared to analyst estimates of $4.92 billion. Its revenue for the quarter was down 52.5% on a year-over-year basis. TJX Companies has generated $2.67 earnings per share over the last year and currently has a price-to-earnings ratio of 41.9. TJX Companies has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on TJX Companies Stock Forecast, Price & News (NYSE:TJX)

25 Wall Street analysts have issued ratings and price targets for TJX Companies in the last 12 months. Their average twelve-month price target is $64.72, predicting that the stock has a possible upside of 12.65%. The high price target for TJX is $75.00 and the low price target for TJX is $53.00. There are currently 1 hold rating, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

TJX Companies has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 23 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $64.72, TJX Companies has a forecasted upside of 12.7% from its current price of $57.45. TJX Companies has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: TJX Companies Stock Forecast, Price & News (NYSE:TJX)

TJX Companies does not currently pay a dividend. TJX Companies does not have a long track record of dividend growth.

Insiders buying/selling: TJX Companies Stock Forecast, Price & News (NYSE:TJX)

In the past three months, TJX Companies insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $165,900.00 in company stock and sold $0.00 in company stock. Only 0.18% of the stock of TJX Companies is held by insiders. 89.30% of the stock of TJX Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of TJX Companies Stock Forecast, Price & News (NYSE:TJX

Earnings for TJX Companies are expected to grow by 329.31% in the coming year, from $0.58 to $2.49 per share. The P/E ratio of TJX Companies is 41.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of TJX Companies is 41.93, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.98. TJX Companies has a PEG Ratio of 9.58. PEG Ratios above 1 indicate that a company could be overvalued. TJX Companies has a P/B Ratio of 11.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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