TJX Companies (NYSE:TJX) Given New $125.00 Price Target at Loop Capital

TJX Companies (NYSE:TJX) had its price objective upped by Loop Capital from $115.00 to $125.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets increased their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an outperform rating in a research report on Monday, June 3rd. TD Cowen increased their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a buy rating in a research report on Friday, May 17th. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Telsey Advisory Group increased their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an outperform rating in a research report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday, May 21st. Two 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.com, TJX Companies has an average rating of Moderate Buy and a consensus price target of $111.50.

TJX Companies Price Performance

TJX Companies stock opened at $110.39 on Wednesday. TJX Companies has a 12 month low of $82.25 and a 12 month high of $111.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The business has a 50 day simple moving average of $103.12 and a 200-day simple moving average of $98.59. The stock 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities analysts predict that TJX Companies will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 over the last quarter. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Large investors have recently modified their holdings of the company. Valued Wealth Advisors LLC raised 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 purchasing an additional 177 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $28,000. First Pacific Financial purchased a new position in shares of TJX Companies in the 1st quarter worth about $29,000. Finally, BKM Wealth Management LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $30,000. 91.09% of the stock is currently owned by hedge funds and other 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.