Analysts Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $135.76

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $135.76.

Several brokerages recently issued reports on TJX. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their target price for the company from $128.00 to $140.00 in a report on Thursday.

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TJX Companies Stock Performance

Shares of TJX stock traded down $3.51 during trading hours on Friday, reaching $121.92. 12,959,431 shares of the company's stock were exchanged, compared to its average volume of 5,267,162. TJX Companies has a 1 year low of $92.35 and a 1 year high of $128.33. 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 company's 50 day moving average is $121.69 and its two-hundred day moving average is $120.37. The company has a market cap of $137.06 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities research analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. TJX Companies's payout ratio is currently 35.21%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter worth about $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at 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.