Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $131.33

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $131.33.

Several equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st.

TJX Companies Stock Performance

NYSE TJX traded up $0.51 during trading on Monday, reaching $121.89. The company's stock had a trading volume of 4,752,383 shares, compared to its average volume of 4,388,107. The business's fifty day moving average price is $122.56 and its 200-day moving average price is $117.56. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies's payout ratio is currently 35.29%.

Hedge Funds Weigh In On TJX Companies

Several institutional investors have recently added to or reduced their stakes in TJX. Hartford Funds Management Co LLC increased its stake in shares of TJX Companies by 0.5% during the 3rd 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 acquiring an additional 86 shares during the last quarter. Stablepoint Partners LLC increased its position in TJX Companies by 0.3% during the third 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. Signature Estate & Investment Advisors LLC raised its stake in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after purchasing an additional 90 shares during the period. Hamilton Capital LLC boosted its holdings in shares of TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after purchasing an additional 90 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer's stock valued at $295,000 after buying an additional 91 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.