TJX Companies (NYSE:TJX) Price Target Raised to $131.00

TJX Companies (NYSE:TJX) had its target price upped by Deutsche Bank Aktiengesellschaft from $130.00 to $131.00 in a research report released on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the apparel and home fashions retailer’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group upped their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note 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 note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 20th. Finally, Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Thursday. TJX Companies has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The firm has a market capitalization of $137.00 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. The stock’s fifty day moving average is $116.52 and its two-hundred day moving average is $112.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 35.29%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On TJX Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. grew its stake in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Swedbank AB grew its position in shares of TJX Companies by 45.9% during the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock worth $114,722,000 after buying an additional 327,684 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in TJX Companies by 229.8% in the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock valued at $24,387,000 after acquiring an additional 154,342 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd bought a new position in TJX Companies during the 2nd quarter valued at $2,310,000. Hedge funds and other institutional investors 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.