Loop Capital upgraded shares of TJX Companies (NYSE:TJX) from a hold rating to a buy rating in a research report released on Friday, BenzingaRatingsTable reports. Loop Capital currently has $60.00 price target on the apparel and home fashions retailer’s stock, up from their previous price target of $50.00.
TJX has been the subject of a number of other research reports. Zacks Investment Research raised TJX Companies from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Friday, May 24th. Robert W. Baird assumed coverage on TJX Companies in a report on Monday, May 13th. They issued an outperform rating and a $63.00 target price for the company. ValuEngine lowered TJX Companies from a hold rating to a sell rating in a report on Tuesday, July 2nd. Cowen set a $63.00 target price on TJX Companies and gave the company a buy rating in a research report on Tuesday, June 4th. Finally, Nomura lifted their target price on TJX Companies from $57.00 to $60.00 and gave the company a buy rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. TJX Companies currently has an average rating of Buy and an average price target of $58.80.
TJX stock opened at $51.39 on Friday. TJX Companies has a twelve month low of $41.49 and a twelve month high of $57.15. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. The firm has a market cap of $60.88 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. The business has a 50 day moving average of $54.03 and a 200 day moving average of $52.74.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that TJX Companies will post 2.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.79%. TJX Companies’s payout ratio is 43.60%.
In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the transaction, the executive vice president now owns 117,228 shares in the company, valued at $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in TJX. Glassman Wealth Services grew its stake in shares of TJX Companies by 9.7% during the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after buying an additional 190 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of TJX Companies by 0.9% in the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock valued at $1,125,000 after purchasing an additional 200 shares during the period. Sfmg LLC boosted its holdings in shares of TJX Companies by 3.7% in the second quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock valued at $329,000 after purchasing an additional 210 shares during the period. Clarus Wealth Advisors boosted its holdings in shares of TJX Companies by 3.7% in the second quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock valued at $320,000 after purchasing an additional 218 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of TJX Companies by 2.6% in the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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