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

The TJX Companies, Inc. (NYSE:TJX) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $133.53.

A number of research firms have commented on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI upped 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.

TJX Companies Price Performance

Shares of TJX stock opened at $125.88 on Friday. The stock’s fifty day simple moving average is $123.20 and its 200 day simple moving average is $118.98. 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 cap of $141.50 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.82 and a beta of 0.91. TJX Companies has a one year low of $92.35 and a one year high of $128.00.

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

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Institutional Investors Weigh In On TJX Companies

Large investors have recently modified their holdings of the business. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Finally, Copeland Capital Management LLC bought a new position in shares of TJX Companies during the third quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Company Profile

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.