TJX Companies (NYSE:TJX) Price Target Raised to $145.00

TJX Companies (NYSE:TJX) had its price objective hoisted by BMO Capital Markets from $133.00 to $145.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley raised 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $124.79 on Thursday. The stock has a market cap of $140.28 billion, a PE ratio of 29.36, a P/E/G ratio of 2.75 and a beta of 0.91. 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 has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $122.98 and a 200-day simple moving average of $120.02.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business 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%. Equities analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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 transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $30,000. Finally, Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. 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.