TJX Companies (NYSE:TJX) Price Target Raised to $130.00

TJX Companies (NYSE:TJX) had its target price boosted by TD Cowen from $125.00 to $130.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other reports. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group lifted their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Wednesday, November 13th. Finally, Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Stock Up 0.1 %

TJX opened at $119.97 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a market capitalization of $135.31 billion, a PE ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89. The stock’s fifty day moving average is $116.33 and its 200-day moving average is $111.69. TJX Companies has a one year low of $87.26 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the business earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that TJX Companies will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TJX. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.