The TJX Companies, Inc. (NYSE:TJX) Receives $141.53 Average PT from Analysts

The TJX Companies, Inc. (NYSE:TJX) has been given an average rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $141.53.

TJX has been the topic of several recent analyst reports. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Barclays reiterated an “overweight” rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.84 on Thursday. The firm has a market cap of $139.46 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. TJX Companies has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $127.55 and its two-hundred day simple moving average is $124.08.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares in the last quarter. Allworth Financial LP lifted its stake in shares of TJX Companies by 30.5% in the fourth quarter. Allworth Financial LP now owns 15,821 shares of the apparel and home fashions retailer’s stock worth $1,939,000 after buying an additional 3,697 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of TJX Companies by 10.0% in the fourth quarter. Valmark Advisers Inc. now owns 2,890 shares of the apparel and home fashions retailer’s stock worth $349,000 after buying an additional 262 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its stake in shares of TJX Companies by 4.4% in the fourth quarter. Highview Capital Management LLC DE now owns 25,565 shares of the apparel and home fashions retailer’s stock worth $3,089,000 after buying an additional 1,078 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

About TJX Companies

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.