TJX Companies (NYSE:TJX) Sets New 12-Month High - Here's What Happened

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $131.20 and last traded at $130.63, with a volume of 7092625 shares trading hands. The stock had previously closed at $128.15.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Barclays increased their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.76.

Remove Ads

TJX Companies Stock Down 1.7 %

The stock has a 50 day moving average price of $121.70 and a 200 day moving average price of $120.82. The stock has a market capitalization 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 quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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

TJX Companies Increases Dividend

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

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on 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. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TJX Companies

Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new position in TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter worth about $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies in the 4th quarter worth about $32,000. 91.09% of the stock is currently owned by institutional investors.

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.