The TJX Companies, Inc. (NYSE:TJX - Get Free Report) was down 1.7% on Monday . The company traded as low as $116.37 and last traded at $120.07. Approximately 2,594,363 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 5,255,228 shares. The stock had previously closed at $122.16.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on TJX shares. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.76.
View Our Latest Research Report on TJX Companies
TJX Companies Price Performance
The firm has a market cap of $143.57 billion, a P/E ratio of 30.10, a PEG ratio of 2.75 and a beta of 0.86. The business's fifty day simple moving average is $121.49 and its 200-day simple moving average is $120.59. 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 announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.
Insider Activity
In other 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 value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on 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 owned by company insiders.
Hedge Funds Weigh In On TJX Companies
A number of institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies in the 4th quarter worth $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth $30,000. Finally, Promus Capital LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at $32,000. 91.09% of the stock is currently owned by institutional investors.
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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