TJX Companies (NYSE:TJX) PT Raised to $122.00 at Morgan Stanley

TJX Companies (NYSE:TJX) had its target price raised by Morgan Stanley from $113.00 to $122.00 in a report published on Thursday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the apparel and home fashions retailer’s stock.

A number of other analysts have also commented on the company. Robert W. Baird boosted their target price on TJX Companies from $110.00 to $113.00 and gave the company an outperform rating in a research report on Thursday, May 23rd. 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 report on Monday, June 3rd. The Goldman Sachs Group upgraded shares of TJX Companies from a neutral rating to a buy rating and boosted their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Loop Capital raised their price target on shares of TJX Companies from $115.00 to $125.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of Moderate Buy and a consensus target price of $112.67.

TJX Companies Trading Down 1.1 %

NYSE TJX opened at $111.75 on Thursday. The stock has a market capitalization of $126.29 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.99 and a beta of 0.88. The business has a 50 day simple moving average of $107.39 and a 200 day simple moving average of $100.48. 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 has a one year low of $85.27 and a one year high of $115.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts expect that TJX Companies will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. 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 three months. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. First Citizens Bank & Trust Co. lifted its position in shares of TJX Companies by 0.7% during the second quarter. First Citizens Bank & Trust Co. now owns 33,324 shares of the apparel and home fashions retailer’s stock worth $3,669,000 after acquiring an additional 226 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in TJX Companies by 2.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,711,187 shares of the apparel and home fashions retailer’s stock worth $188,402,000 after purchasing an additional 34,914 shares during the period. Apollon Wealth Management LLC grew its holdings in TJX Companies by 1.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 32,034 shares of the apparel and home fashions retailer’s stock valued at $3,527,000 after buying an additional 417 shares in the last quarter. Meridian Investment Counsel Inc. purchased a new position in TJX Companies during the 2nd quarter valued at about $242,000. Finally, Nisa Investment Advisors LLC increased its position in shares of TJX Companies by 5.7% during the second quarter. Nisa Investment Advisors LLC now owns 384,611 shares of the apparel and home fashions retailer’s stock valued at $42,346,000 after buying an additional 20,580 shares during the period. 91.09% of the stock is owned by 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.