StockNews.com upgraded shares of TJX Companies (NYSE:TJX - Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.
TJX has been the subject of a number of other research reports. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Finally, TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $129.47.
Check Out Our Latest Stock Analysis on TJX Companies
TJX Companies Stock Performance
Shares of NYSE:TJX opened at $125.69 on Friday. TJX Companies has a 12-month low of $87.44 and a 12-month high of $128.00. The company's 50 day moving average price is $117.29 and its two-hundred day moving average price is $113.26. The firm has a market cap of $141.76 billion, a PE ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89. 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 released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. Equities research analysts predict that TJX Companies will post 4.18 earnings per share for the current year.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies's dividend payout ratio (DPR) is currently 35.29%.
Insider Activity
In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.
Institutional Investors Weigh In On TJX Companies
A number of institutional investors and hedge funds have recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.
About TJX Companies
(
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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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