The TJX Companies, Inc. (NYSE:TJX - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $128.00 and last traded at $126.22, with a volume of 1474872 shares changing hands. The stock had previously closed at $124.93.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on TJX. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $128.00 to $140.00 in a report on Thursday. 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 note on Friday, January 10th. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.76.
Get Our Latest Stock Analysis on TJX Companies
TJX Companies Stock Up 0.3 %
The stock has a fifty day simple moving average of $121.70 and a two-hundred day simple moving average of $120.35. The firm has a market cap of $140.88 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.36%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is presently 35.21%.
Insiders Place Their Bets
In other 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $30,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies during the 4th quarter valued at $30,000. Finally, Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter valued at $30,000. Institutional investors own 91.09% of the company's stock.
About TJX Companies
(
Get Free Report)
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.
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