Wells Fargo & Company set a $76.00 price target on TJX Companies (NYSE:TJX) in a research report sent to investors on Tuesday, November 14th. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.
Several other research firms have also issued reports on TJX. Zacks Investment Research upgraded shares of TJX Companies from a hold rating to a buy rating and set a $82.00 price target on the stock in a research report on Tuesday, October 10th. Credit Suisse Group set a $72.00 target price on shares of TJX Companies and gave the company a neutral rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada cut their target price on shares of TJX Companies from $79.00 to $76.00 and set an outperform rating on the stock in a research report on Wednesday, August 16th. Jefferies Group restated a hold rating and issued a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Finally, BidaskClub upgraded shares of TJX Companies from a sell rating to a hold rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies has a consensus rating of Buy and an average price target of $81.50.
Shares of TJX Companies (NYSE:TJX) traded down $0.20 on Tuesday, hitting $75.35. 5,217,800 shares of the stock traded hands, compared to its average volume of 5,894,678. TJX Companies has a 12 month low of $66.44 and a 12 month high of $80.92. The company has a market capitalization of $47,644.03, a PE ratio of 20.36, a PEG ratio of 1.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 33.78%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation increased its stake in TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares in the last quarter. Israel Discount Bank of New York bought a new stake in shares of TJX Companies during the first quarter worth about $130,000. Jacobi Capital Management LLC increased its position in shares of TJX Companies by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies during the second quarter worth about $141,000. Finally, Mosaic Family Wealth LLC increased its position in shares of TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 134 shares in the last quarter. 90.38% of the stock is owned by institutional investors and hedge funds.
About TJX Companies
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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