The TJX Companies, Inc. (NYSE:TJX) Receives $126.76 Average PT from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $126.76.

Several research firms have weighed in on TJX. BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Barclays upped their target price 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.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $118.29 on Tuesday. The firm has a market cap of $133.42 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 3.02 and a beta of 0.89. The firm has a fifty day moving average price of $114.76 and a 200 day moving average price of $106.01. TJX Companies has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts expect that TJX Companies will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the second quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth $27,000. New Millennium Group LLC bought a new position in shares of TJX Companies during the 2nd quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of TJX Companies during the first quarter valued at $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.