The TJX Companies, Inc. (NYSE:TJX) Receives $111.50 Consensus Price Target from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJXGet Free Report) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $111.50.

A number of research analysts have recently commented on TJX shares. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Loop Capital increased their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, UBS Group increased their target price on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd.

Read Our Latest Report on TJX

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TJX. Sei Investments Co. grew its stake in TJX Companies by 8.4% in the third quarter. Sei Investments Co. now owns 568,542 shares of the apparel and home fashions retailer’s stock valued at $50,532,000 after purchasing an additional 44,076 shares during the last quarter. Scotia Capital Inc. grew its stake in TJX Companies by 12.0% in the third quarter. Scotia Capital Inc. now owns 230,523 shares of the apparel and home fashions retailer’s stock valued at $20,490,000 after purchasing an additional 24,615 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in TJX Companies in the third quarter valued at about $396,000. Crestwood Advisors Group LLC grew its stake in TJX Companies by 11.5% in the third quarter. Crestwood Advisors Group LLC now owns 757,023 shares of the apparel and home fashions retailer’s stock valued at $67,284,000 after purchasing an additional 78,100 shares during the last quarter. Finally, Tenere Capital LLC purchased a new position in TJX Companies in the third quarter valued at about $7,097,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.7 %

Shares of TJX opened at $112.97 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. TJX Companies has a 1 year low of $83.60 and a 1 year high of $112.97. The company has a 50 day simple moving average of $105.10 and a two-hundred day simple moving average of $99.41. The firm has a market cap of $127.67 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88.

TJX Companies (NYSE:TJXGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that TJX Companies will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

About TJX Companies

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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.

Further Reading

Analyst Recommendations for TJX Companies (NYSE:TJX)

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