TD Cowen Boosts TJX Companies (NYSE:TJX) Price Target to $120.00

TJX Companies (NYSE:TJXFree Report) had its price target boosted by TD Cowen from $119.00 to $120.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group reaffirmed an outperform rating and set a $112.00 price objective on shares of TJX Companies in a research note on Friday. Redburn Atlantic cut TJX Companies from a buy rating to a neutral rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. The Goldman Sachs Group raised TJX Companies from a neutral rating to a buy rating and lifted their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. UBS Group raised TJX Companies from a neutral rating to a buy rating and lifted their price objective for the stock from $104.00 to $132.00 in a research note on Thursday, May 2nd. Finally, BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the company an outperform rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $106.71.

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TJX Companies Trading Down 2.4 %

TJX stock opened at $97.85 on Friday. The company has a market cap of $110.86 billion, a P/E ratio of 25.35, a PEG ratio of 2.56 and a beta of 0.87. TJX Companies has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $97.08 and a 200-day moving average of $94.88.

TJX Companies (NYSE:TJXGet Free Report) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, equities research analysts expect that TJX Companies will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is currently 38.86%.

TJX Companies declared that its board has authorized a stock repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was 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 $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value 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. 0.13% of the stock is owned by insiders.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of TJX. Norges Bank bought a new stake in TJX Companies in the fourth quarter valued at approximately $1,193,438,000. FMR LLC raised its stake in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after buying an additional 6,036,764 shares during the period. Price T Rowe Associates Inc. MD raised its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. Schroder Investment Management Group increased its stake in shares of TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after purchasing an additional 1,617,367 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of TJX Companies by 225.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after purchasing an additional 1,480,837 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

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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.

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