TJX Companies (NYSE:TJX) Given New $131.00 Price Target at Deutsche Bank Aktiengesellschaft

TJX Companies (NYSE:TJX) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $130.00 to $131.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 20th. Finally, TD Cowen boosted their target price on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Performance

Shares of TJX opened at $121.47 on Thursday. The firm has a fifty day moving average of $116.52 and a 200-day moving average of $112.51. The company has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. TJX Companies has a 1 year low of $87.44 and a 1 year high of $122.10.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Transactions at TJX Companies

In related 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 value of $1,763,100.00. Following the completion of 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 represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently made changes to their positions in the business. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the second quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.