TJX Companies (NYSE:TJX) Given New $145.00 Price Target at JPMorgan Chase & Co.

TJX Companies (NYSE:TJX) had its price target raised by JPMorgan Chase & Co. from $130.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the apparel and home fashions retailer’s stock.

A number of other research analysts have also issued reports on TJX. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Robert W. Baird increased their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, Barclays restated an “overweight” rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

TJX Companies Stock Up 1.1%

TJX Companies stock opened at $128.36 on Monday. The stock has a market cap of $143.39 billion, a P/E ratio of 30.20, 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. TJX Companies has a twelve month low of $103.70 and a twelve month high of $135.85. The company’s 50-day moving average price is $127.05 and its two-hundred day moving average price is $123.94.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. As a group, analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.32%. TJX Companies’s dividend payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TJX. Modern Wealth Management LLC raised its stake in shares of TJX Companies by 18.8% during the first quarter. Modern Wealth Management LLC now owns 10,869 shares of the apparel and home fashions retailer’s stock valued at $1,324,000 after acquiring an additional 1,718 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of TJX Companies by 12.3% during the first quarter. Jones Financial Companies Lllp now owns 342,354 shares of the apparel and home fashions retailer’s stock valued at $41,172,000 after acquiring an additional 37,410 shares during the last quarter. Strs Ohio bought a new position in shares of TJX Companies during the first quarter valued at $49,150,000. Jacobi Capital Management LLC raised its stake in shares of TJX Companies by 1.9% during the first quarter. Jacobi Capital Management LLC now owns 9,778 shares of the apparel and home fashions retailer’s stock valued at $1,191,000 after acquiring an additional 186 shares during the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of TJX Companies by 1.3% during the first quarter. Advisors Capital Management LLC now owns 450,140 shares of the apparel and home fashions retailer’s stock valued at $54,827,000 after acquiring an additional 5,813 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

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.