The TJX Companies, Inc. (NYSE:TJX) Receives $126.76 Consensus PT from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $126.76.

Several research analysts have issued reports on TJX shares. Robert W. Baird raised their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Large investors have recently made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the second quarter valued at $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the third quarter valued at $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.9 %

TJX opened at $117.88 on Wednesday. The stock has a market capitalization of $132.95 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.92 and a beta of 0.89. The firm has a 50 day moving average price of $116.07 and a 200-day moving average price of $110.60. TJX Companies has a twelve month low of $87.26 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Equities research analysts forecast that TJX Companies will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s dividend payout ratio is presently 36.23%.

About TJX Companies

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.