TJX Companies (NYSE:TJX) had its price target lifted by Nomura from $55.00 to $57.00 in a research report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

Several other research analysts have also recently commented on TJX. Zacks Investment Research cut shares of TJX Companies from a buy rating to a hold rating in a report on Monday, February 11th. Morgan Stanley increased their target price on shares of TJX Companies from $56.00 to $58.00 and gave the stock an overweight rating in a report on Thursday, February 28th. Barclays set a $56.00 target price on shares of TJX Companies and gave the stock a hold rating in a report on Thursday, February 28th. Telsey Advisory Group upgraded shares of TJX Companies from a market perform rating to an outperform rating and increased their target price for the stock from $51.00 to $56.00 in a report on Thursday, January 31st. Finally, Credit Suisse Group increased their target price on shares of TJX Companies from $50.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $55.90.

Shares of TJX stock opened at $51.62 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. TJX Companies has a 12-month low of $41.49 and a 12-month high of $56.64. The firm has a market cap of $62.71 billion, a PE ratio of 24.46, a P/E/G ratio of 1.86 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that TJX Companies will post 2.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. This is a boost from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.

TJX Companies announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 27th that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In other news, EVP Kenneth Canestrari sold 25,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $54.97, for a total value of $1,374,250.00. Following the transaction, the executive vice president now directly owns 134,675 shares of the company’s stock, valued at $7,403,084.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,625 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $53.00, for a total transaction of $86,125.00. Following the completion of the transaction, the director now directly owns 29,467 shares in the company, valued at $1,561,751. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,978 shares of company stock valued at $6,009,020. Corporate insiders own 0.18% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of TJX Companies in the first quarter valued at about $25,000. CSU Producer Resources Inc. bought a new position in TJX Companies during the first quarter worth about $27,000. Financial Gravity Wealth Inc. bought a new position in TJX Companies during the first quarter worth about $30,000. Nalls Sherbakoff Group LLC bought a new position in TJX Companies during the fourth quarter worth about $25,000. Finally, Adirondack Trust Co. increased its position in TJX Companies by 100.0% during the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 290 shares during the period. 90.14% of the stock is currently owned by institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

See Also: Lock-Up Period Expiration

Analyst Recommendations for TJX Companies (NYSE:TJX)

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