TJX Companies (NYSE:TJX) Price Target Raised to $120.00 at Wells Fargo & Company

TJX Companies (NYSE:TJX) had its price target hoisted by Wells Fargo & Company from $115.00 to $120.00 in a report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the apparel and home fashions retailer’s stock.

A number of other analysts have also weighed in on the stock. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Trading Down 1.4 %

NYSE:TJX opened at $120.00 on Friday. TJX Companies has a 1 year low of $92.35 and a 1 year high of $128.00. The stock’s fifty day moving average price is $122.06 and its two-hundred day moving average price is $117.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $134.90 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. As a group, analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s payout ratio is 35.29%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TJX. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies in the third quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies in the third quarter worth $37,000. 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.