ValuEngine Lowers TJX Companies (TJX) to Strong Sell

ValuEngine lowered shares of TJX Companies (NYSE:TJX) from a sell rating to a strong sell rating in a report published on Wednesday morning.

Several other equities analysts have also commented on the company. Goldman Sachs Group began coverage on TJX Companies in a research note on Monday, September 3rd. They set a buy rating and a $63.00 price target on the stock. Deutsche Bank raised their price objective on TJX Companies from $50.00 to $52.50 and gave the company a buy rating in a research report on Monday, August 20th. Citigroup raised their price objective on TJX Companies from $55.50 to $62.50 and gave the company a buy rating in a research report on Tuesday, October 16th. Zacks Investment Research raised TJX Companies from a hold rating to a buy rating and set a $54.50 price objective on the stock in a research report on Tuesday, July 24th. Finally, Telsey Advisory Group raised their price objective on TJX Companies from $46.00 to $55.00 and gave the company a market perform rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. TJX Companies currently has an average rating of Buy and an average price target of $54.08.

Shares of TJX Companies stock opened at $55.64 on Wednesday. The firm has a market cap of $68.58 billion, a PE ratio of 27.54, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. TJX Companies has a 12 month low of $33.22 and a 12 month high of $56.64.

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of TJX. Vontobel Asset Management Inc. acquired a new stake in TJX Companies in the second quarter worth about $261,270,000. Bank of Montreal Can acquired a new stake in TJX Companies in the second quarter worth about $146,241,000. Charles Schwab Investment Advisory Inc. acquired a new stake in TJX Companies in the second quarter worth about $121,730,000. Prudential Financial Inc. boosted its holdings in TJX Companies by 143.0% in the third quarter. Prudential Financial Inc. now owns 2,100,916 shares of the apparel and home fashions retailer’s stock worth $235,345,000 after acquiring an additional 1,236,439 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in TJX Companies by 2.6% in the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock worth $4,740,690,000 after acquiring an additional 1,089,109 shares in the last quarter. 90.12% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

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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Analyst Recommendations for TJX Companies (NYSE:TJX)

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