Brokerages Set The TJX Companies, Inc. (NYSE:TJX) PT at $130.89

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $130.89.

TJX has been the topic of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, TD Cowen lifted 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.

TJX Companies Stock Down 0.9 %

Shares of TJX opened at $123.94 on Thursday. 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 stock has a market capitalization of $139.33 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. TJX Companies has a 1 year low of $91.31 and a 1 year high of $128.00. The business’s 50 day simple moving average is $120.68 and its 200-day simple moving average is $116.38.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s payout ratio is currently 35.29%.

Hedge Funds Weigh In On TJX Companies

Institutional investors have recently made changes to their positions in the company. Hartford Funds Management Co LLC increased its holdings in TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after buying an additional 86 shares in the last quarter. Stablepoint Partners LLC raised its position in shares of TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares during the last quarter. Concorde Asset Management LLC lifted its stake in TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after buying an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares during the last quarter. Finally, Hamilton Capital LLC lifted its position in shares of TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after acquiring an additional 90 shares in the last quarter. 91.09% of the stock is 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.