The TJX Companies, Inc. (NYSE:TJX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $111.50.

Several research firms have issued reports on TJX. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Robert W. Baird increased their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a report on Tuesday, May 21st.

TJX Companies Stock Up 0.2 %

Shares of NYSE:TJX opened at $110.39 on Thursday. TJX Companies has a 52-week low of $82.25 and a 52-week high of $111.79. The firm has a fifty day moving average of $103.12 and a 200 day moving average of $98.59. The firm has a market capitalization of $124.76 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that TJX Companies will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s payout ratio is presently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Valued Wealth Advisors LLC raised its position in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares during the period. Frazier Financial Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at $27,000. Anchor Investment Management LLC bought a new stake in TJX Companies in the 4th quarter valued at $28,000. First Pacific Financial bought a new stake in TJX Companies in the 1st quarter valued at $29,000. Finally, BKM Wealth Management LLC bought a new stake in TJX Companies in the 4th quarter valued at $30,000. 91.09% of the stock is currently 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.