Analysts Set The TJX Companies, Inc. (NYSE:TJX) PT at $131.33

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $131.67.

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th.

TJX Companies Trading Up 0.0 %

TJX opened at $122.61 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $137.83 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The firm has a 50 day simple moving average of $122.79 and a 200 day simple moving average of $117.79. TJX Companies has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Trading of TJX Companies

Hedge funds have recently modified their holdings of the stock. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter valued at $30,000. Institutional investors 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.