TJX Companies (NYSE:TJX) Price Target Raised to $137.00

TJX Companies (NYSE:TJX) had its price objective upped by Barclays from $136.00 to $137.00 in a report released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the apparel and home fashions retailer’s stock.

Other analysts have also issued research reports about the company. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Up 1.1 %

TJX opened at $124.79 on Thursday. 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 firm has a market cap of $140.28 billion, a P/E ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00. The business’s fifty day simple moving average is $122.98 and its 200 day simple moving average is $120.02.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Large investors have recently modified their holdings of the stock. Congress Asset Management Co. grew its stake in shares of TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after buying an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $433,000. BLB&B Advisors LLC grew its stake in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after buying an additional 2,201 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $604,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.