TJX, Inc. companies (NYSE: TJX – Get a rating) received an average “buy” recommendation from the twenty-two rating agencies that currently cover the stock, market beat reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $78.30.
Several brokerages recently commented on TJX. JPMorgan Chase & Co. lowered its price target on TJX companies from $92.00 to $85.00 in a Thursday, February 17 research report. Gordon Haskett lowered his price target on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, February 24. Morgan Stanley lowered its price target on TJX companies from $88.00 to $83.00 and set an “overweight” rating for the company in a Thursday, Feb. 24 research report. BMO Capital Markets lowered its target price on TJX companies from $80.00 to $75.00 in a Thursday, February 24 report. Finally, Robert W. Baird lowered his price target on TJX Companies from $88.00 to $78.00 in a Thursday, February 24 report.
Shares of TJX Stock traded down $0.35 during Tuesday trading hours, hitting $63.04. 15,553 shares of the company were traded, against an average volume of 7,269,316. The company has a quick ratio of 0.70, a current ratio of 1.27 and a leverage ratio of 0.56. The company has a market capitalization of $74.09 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.99 and a beta of 0.95. The company has a 50-day moving average of $62.88 and a two-hundred-day moving average of $67.70. TJX Companies has a fifty-two week low of $57.92 and a fifty-two week high of $77.35.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, February 23. The homewear and fashion retailer reported EPS of $0.78 for the quarter, missing Thomson Reuters consensus estimate of $0.90 per ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The company posted revenue of $13.85 billion for the quarter, versus $14.19 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.50. The company’s revenue for the quarter increased by 26.6% compared to the same quarter last year. On average, stock analysts expect TJX companies to post earnings per share of $3.15 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 12 will receive a dividend of $0.295. The ex-dividend date is Wednesday, May 11. This represents a dividend of $1.18 on an annualized basis and a yield of 1.87%. This is a positive change from TJX Companies’ previous quarterly dividend of $0.26. TJX Companies’ dividend payout ratio (DPR) is currently 38.52%.
A number of hedge funds have recently bought and sold shares of TJX. Morgan Stanley increased its position in TJX Companies by 2.6% during the second quarter. Morgan Stanley now owns 8,778,073 shares of the clothing and home fashion retailer worth $591,818,000 after purchasing an additional 223,003 shares during the period. Allworth Financial LP increased its position in TJX Companies by 236.0% during the third quarter. Allworth Financial LP now owns 1,606 shares of the clothing and home fashion retailer worth $106,000 after buying an additional 1,128 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in TJX Companies by 20.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,329 shares of the apparel and home fashion retailer worth $286,000 after purchasing an additional 740 shares during the period. Alphastar Capital Management LLC acquired a new position in TJX Companies during the third quarter worth approximately $220,000. Finally, Sheaff Brock Investment Advisors LLC increased its position in TJX Companies by 4.9% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 11,686 shares of the apparel and home fashion retailer worth $771,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s shares.
Company Profile TJX Companies (Get a rating)
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, giftware, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
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