TJX Companies (NYSE:TJX) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other research analysts have also recently issued reports on the stock. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley upped their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Price Performance

TJX Companies stock opened at $124.84 on Friday. The stock has a market capitalization of $140.80 billion, a P/E ratio of 29.37, a P/E/G ratio of 2.99 and a beta of 0.89. TJX Companies has a 12-month low of $87.44 and a 12-month high of $125.43. 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’s 50-day moving average is $116.63 and its two-hundred day moving average is $112.69.

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, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp increased its stake in shares of TJX Companies by 2.6% in the 3rd quarter. Synovus Financial Corp now owns 111,005 shares of the apparel and home fashions retailer’s stock worth $13,048,000 after acquiring an additional 2,830 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in TJX Companies by 28.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer’s stock worth $28,051,000 after purchasing an additional 53,264 shares during the period. World Investment Advisors LLC boosted its holdings in TJX Companies by 691.6% in the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer’s stock valued at $8,444,000 after purchasing an additional 62,762 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of TJX Companies by 53.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 205,156 shares of the apparel and home fashions retailer’s stock valued at $24,920,000 after buying an additional 71,480 shares during the period. Finally, Wealthquest Corp acquired a new position in TJX Companies in the third quarter valued at approximately $238,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.