The TJX Companies, Inc. (NYSE:TJX) Receives $126.76 Average PT from Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $126.76.

A number of brokerages have recently commented on TJX. Bank of America raised their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Jefferies Financial Group upped their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th.

TJX Companies Stock Up 1.5 %

TJX stock opened at $119.85 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm’s fifty day simple moving average is $116.09 and its 200-day simple moving average is $110.97. TJX Companies has a 12 month low of $87.26 and a 12 month high of $121.13. The company has a market capitalization of $135.18 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that TJX Companies will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th 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 is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after acquiring an additional 1,269,792 shares during the last quarter. Janus Henderson Group PLC lifted its stake in TJX Companies by 2.7% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the period. Ameriprise Financial Inc. grew its stake in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in TJX Companies by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after acquiring an additional 662,681 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Company Profile

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.