The TJX Companies, Inc. (NYSE:TJX) Given Consensus Recommendation of “Buy” by Brokerages

The TJX Companies, Inc. (NYSE:TJX – Get Rating) has earned an average recommendation of “Buy” from the twenty-two ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $78.30.

Several brokerages recently commented on TJX. JPMorgan Chase & Co. dropped their price target on TJX Companies from $92.00 to $85.00 in a research report on Thursday, February 17th. Gordon Haskett dropped their price target on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Morgan Stanley dropped their price target on TJX Companies from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. BMO Capital Markets dropped their target price on TJX Companies from $80.00 to $75.00 in a report on Thursday, February 24th. Finally, Robert W. Baird dropped their target price on TJX Companies from $88.00 to $78.00 in a report on Thursday, February 24th.

Shares of TJX stock traded down $0.35 during trading hours on Tuesday, hitting $63.04. 15,553 shares of the company’s stock were exchanged, compared to its average volume of 7,269,316. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The firm has a market cap of $74.09 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.99 and a beta of 0.95. The firm has a 50 day moving average of $62.88 and a two-hundred day moving average of $67.70. TJX Companies has a fifty-two week low of $57.92 and a fifty-two week high of $77.35.

TJX Companies (NYSE:TJX – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The firm had revenue of $13.85 billion for the quarter, compared to analysts’ expectations of $14.19 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities analysts forecast that TJX Companies will post 3.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 12th will be given a $0.295 dividend. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a yield of 1.87%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s dividend payout ratio (DPR) is currently 38.52%.

A number of hedge funds have recently bought and sold shares of TJX. Morgan Stanley increased its position in TJX Companies by 2.6% during the second quarter. Morgan Stanley now owns 8,778,073 shares of the apparel and home fashions retailer’s stock worth $591,818,000 after buying an additional 223,003 shares during the period. Allworth Financial LP increased its position in TJX Companies by 236.0% during the third quarter. Allworth Financial LP now owns 1,606 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 1,128 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in TJX Companies by 20.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,329 shares of the apparel and home fashions retailer’s stock worth $286,000 after buying an additional 740 shares during the period. Alphastar Capital Management LLC acquired a new position in TJX Companies during the third quarter worth approximately $220,000. Finally, Sheaff Brock Investment Advisors LLC increased its position in TJX Companies by 4.9% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 11,686 shares of the apparel and home fashions retailer’s stock worth $771,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s stock.

TJX Companies Company Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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