The TJX Cos. (TJX) Earns Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of The TJX Cos. (NYSE:TJX) in a research note published on Wednesday morning. JPMorgan Chase & Co. currently has a $85.00 price objective on the apparel and home fashions retailer’s stock.
A number of other brokerages have also commented on TJX. Wedbush upped their target price on The TJX Cos. from $82.00 to $84.00 and gave the company an outperform rating in a research report on Wednesday, August 17th. Zacks Investment Research downgraded The TJX Cos. from a hold rating to a sell rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. reissued a buy rating and issued a $92.00 price target on shares of The TJX Cos. in a report on Monday, August 1st. Deutsche Bank AG reissued a buy rating on shares of The TJX Cos. in a report on Tuesday, June 14th. Finally, Miller Tabak began coverage on The TJX Cos. in a report on Friday, June 24th. They issued a buy rating and a $91.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The TJX Cos. has a consensus rating of Buy and a consensus target price of $83.51.
Shares of The TJX Cos. (NYSE:TJX) opened at 74.23 on Wednesday. The firm’s 50-day moving average is $75.52 and its 200-day moving average is $77.12. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The stock has a market capitalization of $48.74 billion, a price-to-earnings ratio of 21.55 and a beta of 0.65.
The TJX Cos. (NYSE:TJX) last issued its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The TJX Cos.’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Equities research analysts forecast that The TJX Cos. will post $3.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is 30.15%.
A number of institutional investors have recently bought and sold shares of the company. Cypress Wealth Advisors LLC raised its position in The TJX Cos. by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 3,927 shares of the apparel and home fashions retailer’s stock valued at $308,000 after buying an additional 15 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in The TJX Cos. by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 3,639 shares of the apparel and home fashions retailer’s stock worth $281,000 after buying an additional 30 shares in the last quarter. Washington Trust Bank raised its stake in The TJX Cos. by 0.3% in the second quarter. Washington Trust Bank now owns 11,038 shares of the apparel and home fashions retailer’s stock worth $852,000 after buying an additional 36 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in The TJX Cos. by 1.3% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,100 shares of the apparel and home fashions retailer’s stock worth $239,000 after buying an additional 40 shares in the last quarter. Finally, SSI Investment Management Inc. raised its stake in The TJX Cos. by 1.3% in the second quarter. SSI Investment Management Inc. now owns 3,696 shares of the apparel and home fashions retailer’s stock worth $286,000 after buying an additional 49 shares in the last quarter. 88.74% of the stock is currently owned by hedge funds and other institutional investors.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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