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

The TJX Companies, Inc. (NYSE:TJX) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $131.33.

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Finally, Robert W. Baird upped their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $121.89 on Monday. TJX Companies has a 12-month low of $92.35 and a 12-month 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 firm has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The business has a 50 day simple moving average of $122.56 and a 200 day simple moving average of $117.51.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is 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.