The TJX Companies, Inc. (NYSE:TJX) Receives Average Recommendation of “Buy” from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) have been given a consensus rating of “Buy” by the twenty-two research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $77.60.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of TJX Companies from $81.00 to $76.00 in a research report on Monday, May 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of TJX Companies from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. BMO Capital Markets reduced their price target on shares of TJX Companies from $80.00 to $75.00 in a research report on Thursday, February 24th. Barclays boosted their price target on shares of TJX Companies from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, April 13th. Finally, Credit Suisse Group boosted their price target on shares of TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday.

In related news, CFO Scott Goldenberg sold 30,000 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the transaction, the chief financial officer now owns 119,127 shares in the company, valued at $7,389,447.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 35,827 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the transaction, the executive vice president now directly owns 160,899 shares in the company, valued at $9,821,274.96. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TJX. Morgan Stanley raised its position in shares of TJX Companies by 2.6% in the second quarter. Morgan Stanley now owns 8,778,073 shares of the apparel and home fashions retailer’s stock valued at $591,818,000 after purchasing an additional 223,003 shares during the period. EagleClaw Capital Managment LLC raised its position in shares of TJX Companies by 9.0% in the third quarter. EagleClaw Capital Managment LLC now owns 57,400 shares of the apparel and home fashions retailer’s stock valued at $3,784,000 after purchasing an additional 4,750 shares during the period. American Century Companies Inc. increased its position in TJX Companies by 42.4% during the third quarter. American Century Companies Inc. now owns 753,445 shares of the apparel and home fashions retailer’s stock worth $49,712,000 after acquiring an additional 224,219 shares during the period. Mercer Global Advisors Inc. ADV increased its position in TJX Companies by 2.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 60,007 shares of the apparel and home fashions retailer’s stock worth $3,959,000 after acquiring an additional 1,251 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new position in TJX Companies during the third quarter worth about $110,000. 91.45% of the stock is currently owned by institutional investors.

NYSE:TJX opened at $57.87 on Friday. The firm’s 50-day moving average is $61.30 and its 200-day moving average is $67.00. TJX Companies has a 52-week low of $53.69 and a 52-week high of $77.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.70 and a current ratio of 1.25. The company has a market cap of $67.96 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.83 and a beta of 0.88.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Equities analysts predict that TJX Companies will post 3.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 12th will be issued a dividend of $0.295 per share. This is a boost 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 yield of 2.04%. TJX Companies’s dividend payout ratio is presently 42.91%.

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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Analyst Recommendations for TJX Companies (NYSE:TJX)

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