The TJX Companies, Inc. (NYSE:TJX) Receives $130.89 Consensus Target Price from Brokerages

The TJX Companies, Inc. (NYSE:TJX) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $130.89.

A number of equities research analysts have issued reports on TJX shares. Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. 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 research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th.

TJX Companies Price Performance

TJX opened at $123.94 on Thursday. TJX Companies has a 12-month low of $91.31 and a 12-month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $120.68 and a 200-day moving average price of $116.38. The stock has a market capitalization of $139.33 billion, a P/E ratio of 29.16, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Equities analysts predict 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 will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. lifted its stake in shares of TJX Companies by 19.1% during the 2nd quarter. Harbour Investments Inc. now owns 3,795 shares of the apparel and home fashions retailer’s stock valued at $418,000 after buying an additional 608 shares in the last quarter. Financial Advocates Investment Management bought a new stake in TJX Companies during the 2nd quarter valued at approximately $207,000. Banco Santander S.A. bought a new position in TJX Companies in the 2nd quarter worth approximately $554,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TJX Companies by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 212,649 shares of the apparel and home fashions retailer’s stock worth $23,413,000 after buying an additional 11,637 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of TJX Companies by 94.1% during the second quarter. Panagora Asset Management Inc. now owns 300,020 shares of the apparel and home fashions retailer’s stock worth $33,032,000 after acquiring an additional 145,413 shares during the last quarter. 91.09% of the stock is currently owned by 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.