TJX Companies (TJX) Shares Gap Down to $55.42

Shares of TJX Companies Inc (NYSE:TJX) gapped down before the market opened on Thursday . The stock had previously closed at $55.83, but opened at $55.42. TJX Companies shares last traded at $55.65, with a volume of 168907 shares.

TJX has been the subject of several recent analyst reports. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 price objective for the company in a report on Wednesday, July 18th. Cowen reaffirmed a “buy” rating and set a $57.00 price objective on shares of TJX Companies in a report on Tuesday, July 31st. Citigroup raised their price objective on shares of TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank raised their price target on shares of TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Buckingham Research raised their price target on shares of TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $54.08.

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 2.06 and a beta of 0.65.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts anticipate that TJX Companies Inc will post 2.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. TJX Companies’s payout ratio is presently 38.61%.

A number of hedge funds have recently made changes to their positions in the business. Weybosset Research & Management LLC boosted its stake in TJX Companies by 0.6% in the third quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after acquiring an additional 478 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in TJX Companies by 3.7% in the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after acquiring an additional 501 shares during the last quarter. Martingale Asset Management L P boosted its stake in TJX Companies by 10.5% in the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 506 shares during the last quarter. Tdam USA Inc. boosted its stake in TJX Companies by 0.5% in the third quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock valued at $11,394,000 after acquiring an additional 525 shares during the last quarter. Finally, Reilly Herbert Faulkner III boosted its stake in TJX Companies by 0.9% in the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after acquiring an additional 536 shares during the last quarter. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

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TJX Companies Company Profile (NYSE:TJX)

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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