The TJX Companies, Inc. (NYSE:TJX) Receives $130.89 Average PT from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have earned an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $130.89.

TJX has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their target price 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. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th.

Institutional Investors Weigh In On TJX Companies

Large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $30,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies in the second quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $120.81 on Thursday. TJX Companies has a twelve month low of $91.31 and a twelve 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 firm has a 50-day moving average of $121.03 and a two-hundred day moving average of $116.65. The company has a market capitalization of $135.81 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its 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 business had revenue of $14.06 billion during 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%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. 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.