The TJX Companies, Inc. (NYSE:TJX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJXGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $110.37.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. TD Cowen raised their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Robert W. Baird raised their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. UBS Group raised their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Barclays raised their price objective on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd.

Get Our Latest Stock Report on TJX Companies

TJX Companies Price Performance

Shares of TJX stock opened at $107.44 on Friday. TJX Companies has a 1-year low of $77.44 and a 1-year high of $108.58. The stock’s 50-day moving average is $98.30 and its 200 day moving average is $96.12. The company has a market cap of $121.42 billion, a P/E ratio of 26.66, a PEG ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Research analysts predict that TJX Companies will post 4.09 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,003 shares of company stock valued at $7,040,541. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of institutional investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC boosted its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the fourth quarter worth $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth $28,000. First Pacific Financial acquired a new position in TJX Companies during the first quarter worth $29,000. Finally, BKM Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

(Get Free Report

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, 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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