TJX Companies (NYSE:TJX) Price Target Raised to $120.00 at Wells Fargo & Company

TJX Companies (NYSE:TJX) had its price objective raised by Wells Fargo & Company from $115.00 to $120.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the apparel and home fashions retailer’s stock.

A number of other research firms have also weighed in on TJX. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted 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. StockNews.com upgraded 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 set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Finally, Guggenheim raised their price target 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. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Price Performance

Shares of NYSE TJX opened at $120.00 on Friday. The business’s 50 day moving average price is $122.06 and its 200 day moving average price is $117.12. The firm has a market cap of $134.90 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.07 and a beta of 0.91. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00. 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 announced its quarterly earnings data 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. On average, sell-side analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Trading of TJX Companies

Large investors have recently bought and sold shares of the business. First Trust Direct Indexing L.P. grew its position in shares of TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Unigestion Holding SA acquired a new position in TJX Companies during the third quarter worth $22,684,000. Nordea Investment Management AB grew its holdings in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after buying an additional 827,103 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of TJX Companies by 333.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock worth $13,240,000 after acquiring an additional 86,626 shares during the period. Hedge funds and other institutional investors 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.