The TJX Companies, Inc. (NYSE:TJX) Receives $112.67 Average Price Target from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $112.67.

Several brokerages have commented on TJX. TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Barclays boosted their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Telsey Advisory Group boosted their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Dearborn Partners LLC increased its stake in TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 90 shares during the last quarter. Armbruster Capital Management Inc. grew its stake in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after buying an additional 97 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of TJX Companies by 4.8% during the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock valued at $240,000 after buying an additional 99 shares during the last quarter. Mcdonald Partners LLC grew its stake in shares of TJX Companies by 4.4% during the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock valued at $258,000 after buying an additional 99 shares during the last quarter. Finally, M3 Advisory Group LLC grew its stake in shares of TJX Companies by 4.1% during the second quarter. M3 Advisory Group LLC now owns 2,520 shares of the apparel and home fashions retailer’s stock valued at $277,000 after buying an additional 99 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.5 %

Shares of TJX opened at $113.14 on Monday. The company has a market capitalization of $127.87 billion, a PE ratio of 28.07, a PEG ratio of 3.02 and a beta of 0.88. TJX Companies has a 12 month low of $85.27 and a 12 month high of $115.35. The stock’s 50-day moving average price is $110.03 and its two-hundred day moving average price is $101.79. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, analysts anticipate that TJX Companies will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

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 is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio is currently 37.22%.

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.