UBS Group Forecasts Strong Price Appreciation for TJX Companies (NYSE:TJX) Stock

TJX Companies (NYSE:TJX - Free Report) had its price objective increased by UBS Group from $148.00 to $151.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the apparel and home fashions retailer's stock.

TJX has been the topic of a number of other reports. Jefferies Financial Group lifted 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. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies Stock Down 1.4 %

NYSE:TJX traded down $1.65 during trading hours on Friday, hitting $120.00. 4,355,153 shares of the company traded hands, compared to its average volume of 4,560,075. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $122.06 and its 200-day simple moving average is $117.12. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The company has a market cap of $134.90 billion, a PE ratio of 28.24, a PEG ratio of 3.07 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is presently 35.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Graypoint LLC grew its holdings in shares of TJX Companies by 4.0% during the fourth quarter. Graypoint LLC now owns 8,686 shares of the apparel and home fashions retailer's stock worth $1,049,000 after purchasing an additional 334 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of TJX Companies by 203.0% during the fourth quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer's stock worth $1,492,000 after purchasing an additional 8,272 shares in the last quarter. Atlas Brown Inc. grew its holdings in shares of TJX Companies by 0.5% during the fourth quarter. Atlas Brown Inc. now owns 28,215 shares of the apparel and home fashions retailer's stock worth $3,409,000 after purchasing an additional 133 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TJX Companies by 43.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 888,668 shares of the apparel and home fashions retailer's stock worth $104,455,000 after purchasing an additional 269,331 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of TJX Companies by 45.1% during the fourth quarter. ORG Partners LLC now owns 2,442 shares of the apparel and home fashions retailer's stock worth $295,000 after purchasing an additional 759 shares in the last quarter. Hedge funds and other 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.