TJX Companies (NYSE:TJX) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of TJX Companies (NYSE:TJX - Free Report) from a buy rating to a hold rating in a report published on Tuesday.

Several other equities research analysts have also recently weighed in on TJX. 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 report on Friday, January 10th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $135.76.

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TJX Companies Stock Performance

TJX traded down $2.25 on Tuesday, hitting $128.35. The company had a trading volume of 4,969,884 shares, compared to its average volume of 5,368,515. The stock has a market cap of $143.38 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. 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 fifty day moving average price is $121.65 and its 200 day moving average price is $120.77. TJX Companies has a 1-year low of $92.35 and a 1-year high of $131.37.

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

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TJX. Kelly Financial Services LLC bought a new position in shares of TJX Companies during the first quarter worth $396,000. Sapient Capital LLC lifted its holdings in TJX Companies by 0.3% during the first quarter. Sapient Capital LLC now owns 132,528 shares of the apparel and home fashions retailer's stock worth $16,142,000 after acquiring an additional 445 shares in the last quarter. apricus wealth LLC acquired a new position in TJX Companies in the first quarter valued at about $247,000. Greenwood Capital Associates LLC raised its position in shares of TJX Companies by 1.4% during the first quarter. Greenwood Capital Associates LLC now owns 52,219 shares of the apparel and home fashions retailer's stock worth $6,360,000 after purchasing an additional 718 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in shares of TJX Companies by 17.5% during the 1st quarter. Simon Quick Advisors LLC now owns 11,178 shares of the apparel and home fashions retailer's stock valued at $1,362,000 after purchasing an additional 1,661 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

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.