TJX Companies’ (TJX) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of TJX Companies (NYSE:TJX) in a research report sent to investors on Friday,Benzinga reports. Telsey Advisory Group currently has a $134.00 price target on the apparel and home fashions retailer’s stock.

A number of other research firms also recently commented on TJX. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Trading Up 0.1 %

Shares of TJX opened at $126.09 on Friday. TJX Companies has a 1 year low of $88.43 and a 1 year high of $128.00. The company has a 50 day simple moving average of $118.09 and a two-hundred day simple moving average of $114.40. 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 firm has a market cap of $141.75 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 14th. TJX Companies’s payout ratio is presently 35.29%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Finally, Copeland Capital Management LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.