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

The TJX Companies, Inc. (NYSE:TJXGet Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $111.50.

Several equities analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets boosted their price target on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. UBS Group boosted their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. Finally, TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th.

Get Our Latest Stock Report on TJX Companies

TJX Companies Stock Up 0.2 %

TJX opened at $110.39 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The business has a 50-day moving average of $103.12 and a two-hundred day moving average of $98.59. TJX Companies has a 12 month low of $82.25 and a 12 month high of $111.79.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. On average, research analysts expect that TJX Companies will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insider Activity

In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Valued Wealth Advisors LLC increased its position in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies in the 4th quarter worth about $28,000. First Pacific Financial acquired a new position in TJX Companies in the 1st quarter worth about $29,000. Finally, BKM Wealth Management LLC acquired a new position in TJX Companies in the 4th quarter worth about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

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 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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