Shares of TJX Companies Inc (NYSE:TJX) have earned a consensus rating of “Buy” from the twenty analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $64.78.
TJX has been the subject of several analyst reports. Guggenheim increased their target price on shares of TJX Companies from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Nomura began coverage on shares of TJX Companies in a report on Thursday, November 7th. They set a “buy” rating and a $65.00 price target on the stock. Loop Capital lifted their price target on shares of TJX Companies to $69.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Cowen set a $62.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $63.00 to $69.00 and gave the stock a “positive” rating in a research note on Thursday.
Shares of NYSE:TJX traded up $0.27 during trading on Tuesday, reaching $59.84. 4,540,942 shares of the stock traded hands, compared to its average volume of 5,537,059. The stock has a market cap of $71.67 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 1.22. The stock has a 50-day moving average of $59.46 and a two-hundred day moving average of $55.40. TJX Companies has a 52-week low of $41.49 and a 52-week high of $61.69.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.31 billion. TJX Companies had a return on equity of 57.63% and a net margin of 7.70%. During the same period in the prior year, the business posted $0.63 EPS. TJX Companies’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that TJX Companies will post 2.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.
In related news, CEO Ernie Herrman sold 127,296 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $60.38, for a total transaction of $7,686,132.48. Following the completion of the transaction, the chief executive officer now owns 575,966 shares in the company, valued at $34,776,827.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 74,262 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $60.55, for a total transaction of $4,496,564.10. Following the transaction, the chairman now owns 330,679 shares of the company’s stock, valued at approximately $20,022,613.45. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
Several large investors have recently bought and sold shares of TJX. Vanguard Group Inc. lifted its stake in TJX Companies by 1.7% in the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock worth $5,228,784,000 after purchasing an additional 1,697,819 shares during the last quarter. BlackRock Inc. lifted its holdings in TJX Companies by 6.1% during the 2nd quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock valued at $4,815,108,000 after buying an additional 5,274,627 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its holdings in TJX Companies by 1.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,335,076 shares of the apparel and home fashions retailer’s stock valued at $854,777,000 after buying an additional 200,000 shares in the last quarter. Fiera Capital Corp boosted its position in TJX Companies by 3.2% in the 2nd quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock valued at $687,008,000 after buying an additional 404,764 shares during the period. Finally, Invesco Ltd. boosted its position in TJX Companies by 1.9% in the 2nd quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock valued at $557,803,000 after buying an additional 197,115 shares during the period. Institutional investors own 88.63% of the company’s stock.
TJX Companies Company Profile
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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