TJX Companies (NYSE:TJX) Given New $130.00 Price Target at JPMorgan Chase & Co.

TJX Companies (NYSE:TJX) had its price objective increased by JPMorgan Chase & Co. from $127.00 to $130.00 in a research report sent to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the apparel and home fashions retailer’s stock.

A number of other research analysts also recently weighed in on TJX. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Robert W. Baird raised their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.82.

TJX Companies Trading Up 1.3%

Shares of NYSE TJX opened at $135.05 on Monday. TJX Companies has a 12 month low of $97.53 and a 12 month high of $135.29. The company has a market cap of $150.86 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $124.69 and a 200-day simple moving average of $123.19.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Sell-side analysts predict that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is 39.91%.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On TJX Companies

Several institutional investors have recently modified their holdings of TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $25,000. TCTC Holdings LLC grew its holdings in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares during the period. SOA Wealth Advisors LLC. bought a new position in TJX Companies during the fourth quarter valued at $30,000. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter valued at $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies during the fourth quarter valued at $32,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Company Profile

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.