TJX Companies (NYSE:TJX) Given New $151.00 Price Target at UBS Group

TJX Companies (NYSE:TJX) had its price objective lifted by UBS Group from $148.00 to $151.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

Several other research analysts have also weighed in on the stock. Guggenheim upped their price objective 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. Evercore ISI upped their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, TD Cowen upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Down 1.4 %

Shares of NYSE:TJX opened at $120.00 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market cap of $134.90 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a 50 day simple moving average of $122.06 and a 200 day simple moving average of $117.12.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Institutional Trading of TJX Companies

Hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies in the 3rd quarter valued at $37,000. 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.