TJX Companies Inc (NYSE:TJX) has received an average recommendation of “Buy” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $90.92.
TJX has been the topic of a number of analyst reports. ValuEngine raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Deutsche Bank began coverage on TJX Companies in a research report on Monday, April 30th. They issued a “buy” rating and a $98.00 price target on the stock. Cowen reaffirmed a “buy” rating and issued a $98.00 price objective on shares of TJX Companies in a research report on Monday, April 9th. Nomura upped their price objective on TJX Companies from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Finally, Buckingham Research upped their price objective on TJX Companies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 23rd.
Shares of TJX traded down $0.97 during mid-day trading on Friday, reaching $96.55. The company had a trading volume of 1,755,384 shares, compared to its average volume of 3,860,296. The company has a quick ratio of 0.81, a current ratio of 1.69 and a debt-to-equity ratio of 0.42. TJX Companies has a 52 week low of $66.44 and a 52 week high of $98.94. The stock has a market cap of $61.07 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.90 and a beta of 0.66.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. TJX Companies had a return on equity of 56.91% and a net margin of 7.58%. The firm had revenue of $8.67 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities analysts anticipate that TJX Companies will post 4.84 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.62%. TJX Companies’s dividend payout ratio is presently 38.61%.
In other TJX Companies news, EVP Richard Sherr sold 2,220 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the completion of the sale, the executive vice president now directly owns 90,495 shares in the company, valued at approximately $7,966,274.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total transaction of $44,025.00. Following the sale, the director now owns 15,498 shares of the company’s stock, valued at $1,364,598.90. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alecta Pensionsforsakring Omsesidigt raised its stake in TJX Companies by 2.5% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,257,538 shares of the apparel and home fashions retailer’s stock valued at $785,952,000 after buying an additional 200,000 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in shares of TJX Companies by 1.4% in the 1st quarter. Fiduciary Management Inc. WI now owns 7,922,871 shares of the apparel and home fashions retailer’s stock worth $646,189,000 after purchasing an additional 105,692 shares in the last quarter. Fiera Capital Corp increased its stake in shares of TJX Companies by 1.9% in the 1st quarter. Fiera Capital Corp now owns 5,635,469 shares of the apparel and home fashions retailer’s stock worth $459,629,000 after purchasing an additional 107,710 shares in the last quarter. American Century Companies Inc. increased its stake in shares of TJX Companies by 14.2% in the 1st quarter. American Century Companies Inc. now owns 5,580,725 shares of the apparel and home fashions retailer’s stock worth $455,164,000 after purchasing an additional 693,004 shares in the last quarter. Finally, Boston Partners increased its stake in shares of TJX Companies by 4.6% in the 1st quarter. Boston Partners now owns 3,809,780 shares of the apparel and home fashions retailer’s stock worth $310,726,000 after purchasing an additional 166,586 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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