Telsey Advisory Group Increases TJX Companies (NYSE:TJX) Price Target to $128.00

TJX Companies (NYSE:TJX - Free Report) had its price target hoisted by Telsey Advisory Group from $115.00 to $128.00 in a research note released on Wednesday, MarketBeat reports. The firm currently has an outperform rating on the apparel and home fashions retailer's stock.

Other equities research analysts also recently issued research reports about the company. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Morgan Stanley raised their price objective on TJX Companies from $113.00 to $122.00 and gave the company an overweight rating in a research report on Thursday, July 18th. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a neutral rating to a buy rating and increased their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, TD Cowen increased their price target on TJX Companies from $119.00 to $120.00 and gave the company a buy rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $113.39.

TJX Companies Trading Down 1.8 %

TJX Companies stock traded down $2.00 during mid-day trading on Wednesday, hitting $109.04. The company's stock had a trading volume of 7,077,842 shares, compared to its average volume of 5,383,337. The company has a 50 day moving average of $110.96 and a 200-day moving average of $102.51. The stock has a market cap of $123.23 billion, a PE ratio of 27.06, a P/E/G ratio of 2.95 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 has a one year low of $85.44 and a one year high of $115.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. On average, research analysts anticipate that TJX Companies will post 4.11 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.38%. TJX Companies's dividend payout ratio is currently 37.22%.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the business's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ernie Herrman sold 20,000 shares of the business's stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company's stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the business's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company's stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer's stock worth $9,886,073,000 after acquiring an additional 1,269,792 shares in the last quarter. Royal Bank of Canada boosted its position in shares of TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer's stock worth $1,333,913,000 after acquiring an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer's stock valued at $1,341,392,000 after purchasing an additional 346,938 shares during the last quarter. Norges Bank purchased a new stake in shares of TJX Companies in the 4th quarter valued at about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

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.