The TJX Companies, Inc. (NYSE:TJX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $130.89.

A number of brokerages recently issued reports on TJX. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Finally, Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. lifted its stake in shares of TJX Companies by 19.1% in the 2nd quarter. Harbour Investments Inc. now owns 3,795 shares of the apparel and home fashions retailer’s stock worth $418,000 after acquiring an additional 608 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of TJX Companies in the second quarter valued at $207,000. Banco Santander S.A. bought a new position in TJX Companies during the second quarter valued at about $554,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TJX Companies by 5.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 212,649 shares of the apparel and home fashions retailer’s stock worth $23,413,000 after acquiring an additional 11,637 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in TJX Companies by 94.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 300,020 shares of the apparel and home fashions retailer’s stock valued at $33,032,000 after acquiring an additional 145,413 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.4 %

TJX stock opened at $123.49 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company’s 50 day simple moving average is $120.28 and its 200-day simple moving average is $116.09. TJX Companies has a 12 month low of $91.31 and a 12 month high of $128.00. The firm has a market capitalization of $138.82 billion, a PE ratio of 29.06, a P/E/G ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.