TJX Companies (NYSE:TJX) Hits New 1-Year High at $81.86

The TJX Companies, Inc. (NYSE:TJX – Get Rating)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $81.86 and last traded at $81.86, with a volume of 16579 shares traded. The stock had previously closed at $80.65.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Citigroup raised their target price on shares of TJX Companies from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, November 17th. Gordon Haskett upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, November 10th. Credit Suisse Group lifted their price target on shares of TJX Companies from $70.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $79.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 17th. Finally, Wells Fargo & Company boosted their target price on shares of TJX Companies from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

TJX Companies Stock Up 2.6 %

The business has a fifty day simple moving average of $77.64 and a two-hundred day simple moving average of $68.24. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50. The company has a market cap of $95.58 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings results on Wednesday, November 16th. The apparel and home fashions retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $12.17 billion for the quarter, compared to analyst estimates of $12.27 billion. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 3.12 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, February 8th. TJX Companies’s dividend payout ratio is presently 41.11%.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 6,708 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $79.99, for a total value of $536,572.92. Following the completion of the sale, the executive vice president now owns 51,627 shares in the company, valued at $4,129,643.73. The sale was disclosed in a document filed with the SEC, which is available through this link. In other TJX Companies news, Chairman Carol Meyrowitz sold 16,223 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total value of $1,294,433.17. Following the sale, the chairman now owns 209,390 shares of the company’s stock, valued at $16,707,228.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 6,708 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.99, for a total value of $536,572.92. Following the sale, the executive vice president now directly owns 51,627 shares in the company, valued at approximately $4,129,643.73. The disclosure for this sale can be found here. Insiders sold a total of 30,231 shares of company stock worth $2,405,249 over the last 90 days. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On TJX Companies

Large investors have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new stake in shares of TJX Companies in the first quarter valued at about $68,000. United Bank lifted its holdings in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $2,780,000. Cetera Investment Advisers raised its stake in TJX Companies by 69.0% during the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after acquiring an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in TJX Companies by 10.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after acquiring an additional 398 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

About TJX Companies

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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.