Evercore ISI Raises TJX Companies (NYSE:TJX) Price Target to $126.00

TJX Companies (NYSE:TJX) had its price target upped by Evercore ISI from $115.00 to $126.00 in a report issued on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. UBS Group upped their price target 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. TD Cowen lifted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a buy rating in a report on Friday, May 17th. Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets increased their target price on TJX Companies from $110.00 to $116.00 and gave the stock an outperform rating in a research report on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $116.71.

TJX Companies Stock Performance

NYSE:TJX opened at $120.23 on Monday. TJX Companies has a 1-year low of $86.71 and a 1-year high of $120.89. The firm has a 50 day simple moving average of $111.64 and a 200-day simple moving average of $103.16. The firm has a market cap of $135.88 billion, a PE ratio of 29.83, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities analysts expect that TJX Companies will post 4.12 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders sold 29,671 shares of company stock valued at $3,027,741 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TJX Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. First Pacific Financial bought a new position in shares of TJX Companies during the first quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the fourth quarter worth about $27,000. Finally, New Millennium Group LLC bought a new stake in TJX Companies in the second quarter valued at about $34,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.