The TJX Companies, Inc. (NYSE:TJX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $126.76.

A number of equities research analysts have weighed in on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. TD Cowen raised their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd.

TJX Companies Price Performance

TJX stock opened at $113.78 on Wednesday. The firm has a market cap of $128.33 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 2.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. TJX Companies has a 1 year low of $87.26 and a 1 year high of $121.13. The stock has a 50-day simple moving average of $116.14 and a 200-day simple moving average of $110.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities analysts predict that TJX Companies will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Several large investors have recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth about $34,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.