Shares of The TJX Companies, Inc. (NYSE: TJX – Get a rating) have achieved a consensus “moderate buy” recommendation from the twenty-one research firms that cover the business, market beat reports. Four research analysts rated the stock with a hold recommendation and twelve gave the company a buy recommendation. The 12-month average price target among brokerages that have covered the stock over the past year is $77.22.
A number of equity research analysts have weighed in on the company recently. Morgan Stanley raised its price target on TJX companies from $77.00 to $80.00 and gave the stock an “overweight” rating in a Tuesday, October 25 report. Robert W. Baird raised his price target on TJX Companies from $74.00 to $77.00 and gave the stock an “outperform” rating in a Thursday, Aug. 18 research note. Cowen raised his price target on TJX companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a Thursday, Aug. 18 research note. TheStreet upgraded TJX companies from a “c+” rating to a “b” rating in a Thursday, August 18 research note. Finally, Cowen raised his price target on TJX companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a Thursday, August 18 report.
Price performance of TJX companies
NYSE: TJX opened at $73.90 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt ratio of 0.53. The company has a fifty-day simple moving average of $66.46 and a 200-day simple moving average of $62.90. TJX Companies has a 1-year minimum of $53.69 and a 1-year maximum of $77.35. The stock has a market capitalization of $85.80 billion, a PE ratio of 26.39, a P/E/G ratio of 2.19 and a beta of 0.90.
TJX Companies (NYSE: TJX – Get a rating) last reported results on Wednesday, August 17. The home apparel and fashion retailer reported earnings per share of $0.69 for the quarter, beating analysts’ consensus estimate of $0.67 by $0.02. TJX Companies posted a return on equity of 61.19% and a net margin of 6.77%. The company posted revenue of $11.84 billion in the quarter, versus a consensus estimate of $12.05 billion. In the same quarter last year, the company earned earnings per share of $0.79. The company’s revenue fell 1.9% year-over-year. On average, research analysts expect TJX Companies to post EPS of 3.11 for the current fiscal year.
TJX Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1. Shareholders of record on Thursday, November 10 will receive a dividend of $0.295. This represents an annualized dividend of $1.18 and a dividend yield of 1.60%. The ex-date of this dividend is Wednesday, November 9. TJX Companies’ dividend payout ratio is currently 42.14%.
Insider buying and selling
In related news, EVP Louise Greenlee sold 8,822 shares of the company in a trade dated Thursday, August 18. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now directly owns 58,335 shares of the company, valued at $3,966,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. In related news, the President Carole Meyrowitz sold 70,720 shares in a trade that took place on Thursday, August 18. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. As a result of the transaction, the president now owns 264,967 shares of the company, valued at $17,917,068.54. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, VPE Louise Greenlee sold 8,822 shares in a trade on Thursday, August 18. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares of the company, valued at approximately $3,966,780. Disclosure of this sale can be found here. Insiders sold 146,375 shares of the company valued at $9,821,034 in the past 90 days. Insiders of the company own 0.19% of the shares of the company.
Hedge funds weigh on TJX companies
A number of institutional investors have recently changed their stock portfolios. Envestnet Asset Management Inc. increased its holdings in TJX Companies by 3.7% in Q3. Envestnet Asset Management Inc. now owns 1,426,252 shares of the clothing and home fashion retailer worth $88,599,000 after buying an additional 50,334 shares in the last quarter. King Luther Capital Management Corp bought a new stake in shares of TJX Companies during Q3, valued at around $240,000. Bigelow Investment Advisors LLC raised its position in TJX Companies by 1.6% in the third quarter. Bigelow Investment Advisors LLC now owns 13,946 shares of the apparel and home fashion retailer valued at $866,000 after buying an additional 219 shares during the period. Sigma Planning Corp raised its position in TJX Companies by 11.2% in the third quarter. Sigma Planning Corp now owns 13,113 shares of the clothing and home fashion retailer valued at $815,000 after buying an additional 1,322 shares during the period. Finally, Cornerstone Advisors LLC increased its stake in shares of TJX Companies by 18.5% in the third quarter. Cornerstone Advisors LLC now owns 160,000 shares of the apparel and home fashion retailer worth $9,939,000 after acquiring an additional 25,000 shares last quarter. Hedge funds and other institutional investors hold 90.42% of the company’s shares.
About TJX Companies
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, gift items, 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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