Cowen Raises TJX Companies (NYSE:TJX) Price Target to $84.00

TJX Companies (NYSE:TJXGet Rating) had its price target raised by Cowen from $78.00 to $84.00 in a research report report published on Thursday, The Fly reports. The brokerage currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other analysts have also recently weighed in on the stock. Telsey Advisory Group increased their price objective on shares of TJX Companies from $86.00 to $95.00 and gave the stock an outperform rating in a report on Thursday. The Goldman Sachs Group initiated coverage on shares of TJX Companies in a report on Tuesday, August 2nd. They issued a neutral rating and a $70.00 price objective on the stock. Morgan Stanley increased their price objective on shares of TJX Companies from $77.00 to $80.00 and gave the stock an overweight rating in a report on Tuesday, October 25th. Gordon Haskett raised shares of TJX Companies from a hold rating to a buy rating and set a $80.00 price objective on the stock in a report on Thursday, November 10th. Finally, Credit Suisse Group increased their price objective on shares of TJX Companies from $70.00 to $85.00 and gave the stock an outperform rating in a report on Thursday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $82.42.

TJX Companies Stock Up 0.2 %

Shares of NYSE:TJX opened at $78.16 on Thursday. The stock has a market capitalization of $90.75 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90. TJX Companies has a 1-year low of $53.69 and a 1-year high of $79.99. The company’s fifty day moving average is $67.62 and its two-hundred day moving average is $63.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.47 and a current ratio of 1.16.

TJX Companies (NYSE:TJXGet Rating) last issued its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $12.05 billion. TJX Companies had a net margin of 6.90% and a return on equity of 62.97%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. Equities analysts anticipate that TJX Companies will post 3.12 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s dividend payout ratio is currently 41.11%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 50,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the sale, the chief executive officer now directly owns 696,439 shares in the company, valued at $45,895,330.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of TJX Companies

Several institutional investors have recently made changes to their positions in TJX. GPS Wealth Strategies Group LLC boosted its holdings in shares of TJX Companies by 119.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 246 shares during the period. Financial Management Professionals Inc. raised its position in TJX Companies by 117.7% during the second quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 253 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new position in TJX Companies during the second quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies during the third quarter valued at approximately $27,000. Finally, Northern Oak Wealth Management Inc. bought a new position in TJX Companies during the second quarter valued at approximately $28,000. 90.42% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Company Profile

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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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