TJX Companies (NYSE:TJX) Hits New 1-Year High at $121.13

The TJX Companies, Inc. (NYSE:TJX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $121.13 and last traded at $120.54, with a volume of 1094012 shares traded. The stock had previously closed at $120.06.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Barclays increased their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a 50-day moving average of $112.28 and a 200-day moving average of $103.67. The firm has a market capitalization of $134.80 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 3.04 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm earned $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is presently 37.22%.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Royal Bank of Canada increased its stake in shares of TJX Companies by 7.9% in the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC raised its holdings in TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares during the period. Norges Bank bought a new stake in TJX Companies during the fourth quarter valued at about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of TJX Companies by 35.9% during the 1st 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 acquiring an additional 3,255,849 shares during the period. 91.09% of the stock is currently owned by 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.