TJX Companies (TJX) Receives Buy Rating from Guggenheim
Guggenheim restated their buy rating on shares of TJX Companies (NYSE:TJX) in a report published on Friday. The brokerage currently has a $86.00 price objective on the apparel and home fashions retailer’s stock.
Several other analysts also recently commented on TJX. Zacks Investment Research downgraded TJX Companies from a buy rating to a hold rating in a research note on Thursday, August 17th. Northcoast Research raised TJX Companies from a neutral rating to a buy rating and set a $86.00 price objective for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. BMO Capital Markets reissued an outperform rating on shares of TJX Companies in a research note on Tuesday, September 12th. MKM Partners reissued a buy rating and issued a $87.00 price objective on shares of TJX Companies in a research note on Tuesday, September 12th. Finally, Sanford C. Bernstein started coverage on TJX Companies in a research note on Tuesday, September 12th. They issued an outperform rating and a $88.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $82.15.
Shares of TJX Companies (TJX) traded up $0.75 during trading on Friday, hitting $74.17. The stock had a trading volume of 6,967,674 shares, compared to its average volume of 5,700,000. The stock has a market capitalization of $47,670.00, a P/E ratio of 19.84, a PEG ratio of 1.76 and a beta of 0.75. TJX Companies has a 12-month low of $66.44 and a 12-month high of $80.92. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. equities analysts expect that TJX Companies will post 3.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.
Several institutional investors and hedge funds have recently modified their holdings of TJX. Vanguard Group Inc. grew its holdings in TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares during the period. BlackRock Inc. grew its holdings in TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares during the period. Ameriprise Financial Inc. grew its holdings in TJX Companies by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after purchasing an additional 51,364 shares during the period. Alliancebernstein L.P. grew its holdings in TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares during the period. Finally, Fiera Capital Corp grew its holdings in TJX Companies by 15.1% during the second quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock valued at $415,025,000 after purchasing an additional 754,894 shares during the period. 90.94% of the stock is owned by institutional investors.
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TJX Companies 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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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