TJX Companies’ (TJX) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of TJX Companies (NYSE:TJX – Get Rating) in a research report sent to investors on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the apparel and home fashions retailer’s stock. Telsey Advisory Group also issued estimates for TJX Companies’ Q1 2024 earnings at $0.70 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $3.48 EPS and FY2025 earnings at $3.85 EPS.

Several other analysts also recently issued reports on the company. Morgan Stanley raised their price target on TJX Companies from $83.00 to $85.00 and gave the stock an overweight rating in a report on Wednesday, February 15th. Citigroup raised their price target on TJX Companies from $86.00 to $90.00 and gave the stock a buy rating in a report on Thursday, November 17th. Barclays raised their price target on TJX Companies from $76.00 to $94.00 and gave the stock an overweight rating in a report on Friday, November 18th. Cowen lifted their target price on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Finally, Gordon Haskett raised TJX Companies from a hold rating to a buy rating and set a $80.00 target price on the stock in a research note on Thursday, November 10th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $84.94.

TJX Companies Price Performance

Shares of TJX opened at $77.19 on Thursday. The firm has a market cap of $89.19 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.10 and a beta of 0.88. The stock has a 50 day moving average of $80.20 and a 200-day moving average of $73.29. The company has a current ratio of 1.21, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. TJX Companies has a 52 week low of $53.69 and a 52 week high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last issued its earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. As a group, analysts forecast that TJX Companies will post 3.49 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, February 8th. TJX Companies’s dividend payout ratio (DPR) is presently 39.60%.

Hedge Funds Weigh In On TJX Companies

Several hedge funds have recently modified their holdings of the company. Grayhawk Investment Strategies Inc. acquired a new position in shares of TJX Companies in the 2nd quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth $27,000. ICA Group Wealth Management LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $27,000. Northern Oak Wealth Management Inc. acquired a new position in shares of TJX Companies in the 2nd quarter worth $28,000. Finally, Freedom Wealth Alliance LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.