TJX Companies (NYSE:TJX) Stock Price Expected to Rise, Morgan Stanley Analyst Says

TJX Companies (NYSE:TJX) had its price objective increased by Morgan Stanley from $130.00 to $135.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the apparel and home fashions retailer’s stock.

A number of other research analysts also recently issued reports on TJX. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Evercore ISI increased their price target 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 lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Up 1.1 %

NYSE:TJX opened at $123.23 on Tuesday. The firm has a market capitalization of $138.52 billion, a P/E ratio of 28.99, a PEG ratio of 2.98 and a beta of 0.91. The company’s fifty day moving average price is $122.64 and its 200-day moving average price is $117.64. TJX Companies has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Trading of TJX Companies

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares in the last quarter. International Assets Investment Management LLC grew its holdings in TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after acquiring an additional 911,351 shares during the last quarter. Finally, Canoe Financial LP raised its holdings in shares of TJX Companies by 564.0% during the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after acquiring an additional 903,939 shares during the period. 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.