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

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Buy” by the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. Twenty-two analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $164.7619.

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. The Goldman Sachs Group increased their price target on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Barclays set a $172.00 price objective on TJX Companies and gave the company an “overweight” rating in a report on Thursday, December 4th. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th.

TJX Companies Stock Down 0.3%

TJX opened at $157.74 on Tuesday. The stock has a fifty day moving average of $154.64 and a 200-day moving average of $147.08. The company has a market capitalization of $175.16 billion, a P/E ratio of 34.82, a P/E/G ratio of 3.02 and a beta of 0.74. TJX Companies has a fifty-two week low of $112.10 and a fifty-two week high of $160.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Institutional Trading of TJX Companies

Several large investors have recently made changes to their positions in the company. Sonoma Allocations LLC lifted its stake in TJX Companies by 5.4% during the fourth quarter. Sonoma Allocations LLC now owns 3,346 shares of the apparel and home fashions retailer’s stock worth $501,000 after purchasing an additional 171 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TJX Companies in the 4th quarter valued at $1,872,000. MV Capital Management Inc. acquired a new position in shares of TJX Companies during the 4th quarter worth $4,588,000. Cambient Family Office LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $753,000. Finally, McLaughlin Asset Management Inc. acquired a new stake in TJX Companies in the fourth quarter valued at about $2,454,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

About TJX Companies

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.