TJX Companies (NYSE:TJX) PT Raised to $125.00 at Loop Capital

TJX Companies (NYSE:TJX) had its target price upped by Loop Capital from $115.00 to $125.00 in a research report sent to investors on Wednesday morning, 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 stock. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. The Goldman Sachs Group upgraded shares of TJX Companies from a neutral rating to a buy rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. UBS Group raised their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Telsey Advisory Group raised their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the stock an outperform rating in a research report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $111.50.

TJX Companies Stock Performance

TJX opened at $111.64 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a fifty day moving average price of $103.70 and a 200 day moving average price of $98.76. TJX Companies has a 1 year low of $82.25 and a 1 year high of $111.79. The stock has a market cap of $126.17 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities research analysts anticipate that TJX Companies will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.34%. TJX Companies’s payout ratio is currently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TJX Companies during the 2nd quarter valued at about $549,000. DNB Asset Management AS increased its stake in shares of TJX Companies by 5.8% during the 2nd quarter. DNB Asset Management AS now owns 198,049 shares of the apparel and home fashions retailer’s stock valued at $21,805,000 after acquiring an additional 10,828 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of TJX Companies by 2.0% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 169,670 shares of the apparel and home fashions retailer’s stock valued at $18,681,000 after acquiring an additional 3,266 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of TJX Companies by 3.2% during the 2nd quarter. Moody National Bank Trust Division now owns 14,534 shares of the apparel and home fashions retailer’s stock valued at $1,600,000 after acquiring an additional 444 shares during the last quarter. Finally, Marcum Wealth LLC increased its stake in shares of TJX Companies by 36.1% during the 2nd quarter. Marcum Wealth LLC now owns 7,090 shares of the apparel and home fashions retailer’s stock valued at $781,000 after acquiring an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

About TJX Companies

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.