TJX Companies (NYSE:TJX) PT Lowered to $74.00

TJX Companies (NYSE:TJX – Get Rating) had its price objective decreased by Robert W. Baird from $78.00 to $74.00 in a research note released on Thursday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price objective on TJX Companies from $82.00 to $85.00 and gave the company an overweight rating in a report on Wednesday, April 13th. Bank of America cut their price objective on TJX Companies from $95.00 to $85.00 and set a buy rating on the stock in a report on Thursday, February 24th. Wells Fargo & Company cut TJX Companies from an overweight rating to an equal weight rating and cut their price objective for the company from $75.00 to $60.00 in a report on Tuesday, April 5th. Morgan Stanley cut their price objective on TJX Companies from $88.00 to $83.00 and set an overweight rating on the stock in a report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on TJX Companies from $83.00 to $79.00 and set a buy rating on the stock in a report on Thursday, February 24th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of Buy and an average target price of $77.65.

Shares of TJX opened at $60.19 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.70 and a debt-to-equity ratio of 0.56. TJX Companies has a 1 year low of $53.69 and a 1 year high of $77.35. The stock has a market cap of $70.69 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. The stock’s 50-day moving average price is $61.37 and its two-hundred day moving average price is $67.10.

TJX Companies (NYSE:TJX – Get Rating) last issued its earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The company had revenue of $13.85 billion for the quarter, compared to the consensus estimate of $14.19 billion. During the same quarter last year, the business posted $0.50 EPS. TJX Companies’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, equities analysts forecast that TJX Companies will post 3.13 EPS for the current 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 dividend of $0.295 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $1.18 annualized dividend and a dividend yield of 1.96%. TJX Companies’s payout ratio is 43.70%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of TJX Companies by 413.3% during the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 310 shares during the period. Sandy Cove Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Future Financial Wealth Managment LLC bought a new stake in TJX Companies in the 4th quarter valued at $30,000. Finally, Intelligent Financial Strategies bought a new stake in TJX Companies in the 4th quarter valued at $30,000. Institutional investors own 91.45% 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.

Further Reading