TJX Companies (NYSE:TJX) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of TJX Companies (NYSE:TJX) in a research note issued to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $170.00 target price on the apparel and home fashions retailer’s stock.

A number of other research analysts have also recently commented on TJX. Wells Fargo & Company reissued a “positive” rating and issued a $150.00 target price (up previously from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $162.00 target price (up previously from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. UBS Group reiterated a “buy” rating and set a $193.00 price target (up from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $163.86.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $157.27 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a market cap of $174.64 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74. The company has a 50 day moving average of $154.56 and a 200-day moving average of $146.40. TJX Companies has a 1-year low of $112.10 and a 1-year high of $159.48.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period last year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 37.53%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares in the company, valued at $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in TJX Companies in the fourth quarter valued at $65,000. Ameriflex Group Inc. raised its position in shares of TJX Companies by 43.0% in the 4th quarter. Ameriflex Group Inc. now owns 552 shares of the apparel and home fashions retailer’s stock worth $85,000 after acquiring an additional 166 shares in the last quarter. First Commonwealth Financial Corp PA lifted its stake in shares of TJX Companies by 4.0% in the 4th quarter. First Commonwealth Financial Corp PA now owns 14,631 shares of the apparel and home fashions retailer’s stock valued at $2,248,000 after purchasing an additional 558 shares during the period. Blue Sparrow LLC DE bought a new stake in shares of TJX Companies during the 4th quarter valued at about $7,047,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in TJX Companies by 8.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 395,445 shares of the apparel and home fashions retailer’s stock worth $60,744,000 after purchasing an additional 32,424 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.