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

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $133.53.

TJX has been the subject of a number of recent analyst reports. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently modified their holdings of TJX. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter valued at $1,670,565,000. Raymond James Financial Inc. acquired a new stake in shares of TJX Companies during the 4th quarter valued at $570,342,000. International Assets Investment Management LLC boosted its holdings in shares of TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares in the last quarter. DJE Kapital AG acquired a new stake in shares of TJX Companies during the 4th quarter valued at $140,068,000. Finally, Provident Trust Co. boosted its holdings in shares of TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after acquiring an additional 1,133,486 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $125.88 on Friday. TJX Companies has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market cap of $141.50 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.82 and a beta of 0.91. The business has a 50 day moving average of $123.20 and a 200-day moving average of $118.98. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

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.