The TJX Companies, Inc. (NYSE:TJX) Receives Consensus Rating of “Moderate Buy” from Brokerages

The TJX Companies, Inc. (NYSE:TJX) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $131.67.

TJX has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday.

Institutional Trading of TJX Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Eight Capital LP purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $306,000. King Luther Capital Management Corp boosted its stake in shares of TJX Companies by 594.8% during the second quarter. King Luther Capital Management Corp now owns 41,771 shares of the apparel and home fashions retailer’s stock valued at $4,599,000 after purchasing an additional 35,759 shares during the period. Pacer Advisors Inc. boosted its stake in shares of TJX Companies by 2.5% during the second quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer’s stock valued at $14,657,000 after purchasing an additional 3,209 shares during the period. Sei Investments Co. lifted its stake in TJX Companies by 6.6% in the second quarter. Sei Investments Co. now owns 684,085 shares of the apparel and home fashions retailer’s stock worth $75,312,000 after acquiring an additional 42,609 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in TJX Companies by 7.1% in the second quarter. Summit Trail Advisors LLC now owns 19,440 shares of the apparel and home fashions retailer’s stock worth $2,140,000 after acquiring an additional 1,293 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $122.61 on Monday. 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 company has a market capitalization of $137.83 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. The firm’s fifty day moving average price is $122.79 and its two-hundred day moving average price is $117.79. TJX Companies has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. As a group, analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.