TJX Companies (NYSE:TJX) Price Target Raised to $151.00

TJX Companies (NYSE:TJX) had its target price upped by UBS Group from $148.00 to $151.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

Other research analysts also recently issued research reports about the company. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Price Performance

TJX opened at $120.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $122.06 and its 200 day moving average price is $117.21. The firm has a market cap of $134.90 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. TJX Companies has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, sell-side analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth about $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $37,000. 91.09% of the stock is owned by institutional investors.

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.