The TJX Companies, Inc. (NYSE:TJX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The TJX Companies, Inc. (NYSE:TJX) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $130.89.

A number of equities analysts have commented on the stock. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Institutional Trading of TJX Companies

A number of large investors have recently bought and sold shares of TJX. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies in the second quarter valued at about $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 1.4 %

Shares of TJX Companies stock opened at $123.49 on Thursday. TJX Companies has a 1-year low of $91.31 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $138.82 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.07 and a beta of 0.90. The stock’s 50 day simple moving average is $120.28 and its 200-day simple moving average is $116.09.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.