TJX Companies (NYSE:TJX) Price Target Raised to $132.00

TJX Companies (NYSE:TJX) had its price target upped by TD Cowen from $130.00 to $132.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

Other equities analysts have also issued research reports about the stock. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Friday. The company has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a PEG ratio of 3.05 and a beta of 0.89. TJX Companies has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The stock has a 50-day simple moving average of $116.52 and a 200-day simple moving average of $112.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 35.29%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently made changes to their positions in TJX. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.