The TJX Companies, Inc. (NYSE:TJX) Receives $133.53 Average Price Target from Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $134.18.

TJX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Evercore ISI upped their target price 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. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st.

Hedge Funds Weigh In On TJX Companies

Several institutional investors have recently modified their holdings of the company. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $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.

TJX Companies Stock Down 0.3 %

Shares of NYSE TJX opened at $123.04 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. TJX Companies has a 1 year low of $92.35 and a 1 year high of $128.00. The stock’s 50-day simple moving average is $122.93 and its 200-day simple moving average is $119.40. The firm has a market cap of $138.31 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.76 and a beta of 0.91.

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

TJX Companies Announces Dividend

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

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.