TJX Companies Inc (NYSE:TJX) has been given a consensus recommendation of “Buy” by the twenty-two analysts that are currently covering the firm. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $85.10.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Instinet raised their price objective on TJX Companies from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. Royal Bank of Canada set a $82.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Monday, March 27th. Goldman Sachs Group Inc upgraded TJX Companies from a “buy” rating to a “conviction-buy” rating and set a $97.00 target price on the stock in a research note on Thursday, March 16th. Finally, Jefferies Group LLC set a $80.00 target price on TJX Companies and gave the company a “hold” rating in a research note on Wednesday, February 22nd.
Shares of TJX Companies (NYSE:TJX) opened at 78.85 on Friday. TJX Companies has a 12 month low of $71.50 and a 12 month high of $83.64. The stock has a 50 day moving average of $78.06 and a 200 day moving average of $76.68. The stock has a market cap of $50.90 billion, a PE ratio of 22.79 and a beta of 0.70.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. TJX Companies had a net margin of 7.00% and a return on equity of 53.12%. The business earned $9.50 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that TJX Companies will post $3.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be given a $0.3125 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.25 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, May 9th. TJX Companies’s payout ratio is currently 30.41%.
In other news, EVP Michael Macmillan sold 21,180 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $78.50, for a total transaction of $1,662,630.00. Following the sale, the executive vice president now directly owns 148,820 shares in the company, valued at $11,682,370. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott Goldenberg sold 15,571 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $77.14, for a total value of $1,201,146.94. Following the sale, the chief financial officer now owns 105,844 shares in the company, valued at $8,164,806.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,751 shares of company stock worth $4,426,377. Company insiders own 0.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter worth $483,732,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of TJX Companies during the fourth quarter worth $227,702,000. Two Sigma Advisers LP bought a new stake in shares of TJX Companies during the third quarter worth $202,524,000. The Manufacturers Life Insurance Company bought a new stake in shares of TJX Companies during the third quarter worth $192,116,000. Finally, Viking Global Investors LP bought a new stake in shares of TJX Companies during the fourth quarter worth $98,564,000. Institutional investors and hedge funds own 87.65% of the company’s stock.
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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