The TJX Companies, Inc. (NYSE:TJX) Receives $151.75 Average Target Price from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have earned an average recommendation of “Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $151.75.

Several brokerages have weighed in on TJX. BTIG Research initiated coverage on TJX Companies in a report on Tuesday, October 14th. They set a “buy” rating and a $165.00 price objective for the company. Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. TD Cowen upped their price objective on shares of TJX Companies from $160.00 to $162.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st.

TJX Companies Stock Performance

NYSE TJX opened at $145.86 on Friday. TJX Companies has a 52-week low of $112.10 and a 52-week high of $148.11. The company has a 50-day simple moving average of $142.54 and a 200 day simple moving average of $133.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a market capitalization of $162.34 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is currently 38.72%.

Institutional Investors Weigh In On TJX Companies

Several institutional investors have recently made changes to their positions in TJX. Lavaca Capital LLC purchased a new stake in TJX Companies during the 2nd quarter worth about $25,000. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 145 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares in the last quarter. GGM Financials LLC purchased a new stake in shares of TJX Companies in the third quarter worth about $27,000. Finally, Imprint Wealth LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. 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.