Guggenheim Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its target price increased by Guggenheim from $135.00 to $140.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

A number of other research analysts have also recently commented on the stock. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Loop Capital upped their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Stock Performance

TJX opened at $126.09 on Thursday. The stock has a market cap of $142.21 billion, a PE ratio of 29.67, a P/E/G ratio of 3.09 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. TJX Companies has a 1 year low of $88.43 and a 1 year high of $128.00. The stock’s 50 day simple moving average is $118.09 and its 200-day simple moving average is $114.30.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Sell-side analysts forecast that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s payout ratio is currently 35.29%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

Institutional Trading of TJX Companies

A number of institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC lifted its stake in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares during the period. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after buying an additional 643,833 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the last quarter. Institutional investors and hedge funds 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.