Shares of The TJX Companies, Inc. (NYSE: TJX – Get a rating) earned an average “moderate buy” rating from the twenty-one analysts who cover the company, Marketbeat.com reports. Five research analysts rated the stock with a hold recommendation and eleven gave the company a buy recommendation. The 12-month average target price among brokers who have hedged the stock over the past year is $74.72.
Several equity research analysts have recently commented on TJX’s stock. Cowen raised its price target on TJX Companies from $72.00 to $77.00 and gave the company an “outperform” rating in a Thursday, August 18 research note. JPMorgan Chase & Co. lowered its price target on TJX companies from $81.00 to $76.00 in a Monday, May 16 research note. Gordon Haskett downgraded TJX Companies from a “buy” to a “hold” rating and lowered their price target for the stock from $67.00 to $60.00 in a Thursday 28 research note. July. Credit Suisse Group raised its price target on TJX companies from $73.00 to $75.00 and gave the stock an “outperform” rating in a Thursday, May 19 research note. Finally, Barclays raised its price target on TJX companies from $72.00 to $76.00 and gave the stock an “overweight” rating in a Friday, August 19 research note.
In other news, the President Carole Meyrowitz sold 70,720 shares of the company in a transaction dated Thursday, August 18. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following the sale, the president now directly owns 264,967 shares of the company, valued at $17,917,068.54. The sale was disclosed in a filing with the SEC, accessible via the SEC website. In related news, CFO Scott Goldenberg sold 16,551 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 transaction of $1,125,468.00. Following the sale, the CFO now owns 102,576 shares of the company, valued at $6,975,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, President Carole Meyrowitz sold 70,720 shares in a trade that took place on Thursday, August 18. The shares were 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 directly owns 264,967 shares of the company, valued at $17,917,068.54. Disclosure of this sale can be found here. Insiders sold a total of 143,090 shares of the company worth $9,433,014 in the past three months. Company insiders own 0.19% of the company’s shares.
Institutional entries and exits
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in TJX Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 90,135,403 shares of the apparel and home fashion retailer worth $5,460,403,000 after buying an additional 277,362 shares in the last quarter. Wellington Management Group LLP increased its position in TJX Companies by 1.5% during the first quarter. Wellington Management Group LLP now owns 84,916,301 shares of the clothing and home fashion retailer valued at $5,144,230,000 after buying an additional 1,274,413 shares in the last quarter. State Street Corp increased its position in TJX Companies by 4.4% in the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashion retailer valued at $3,720,125,000 after buying an additional 2,057,821 shares in the last quarter. FMR LLC increased its position in TJX Companies by 22.0% during the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashion retailer valued at $1,795,510,000 after purchasing an additional 5,804,572 shares in the last quarter. Finally, Bank of America Corp DE increased its position in TJX Companies by 2.9% during the first quarter. Bank of America Corp DE now owns 22,622,988 shares of the apparel and home fashion retailer valued at $1,370,502,000 after buying an additional 634,718 shares in the last quarter. 91.45% of the shares are held by institutional investors and hedge funds.
TJX companies are trading down 3.4%
Shares of TJX opened at $62.89 on Monday. The stock has a fifty-day moving average price of $61.40 and a two-hundred-day moving average price of $61.75. The company has a debt ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.17. TJX Companies has a 52-week low of $53.69 and a 52-week high of $77.35. The company has a market capitalization of $73.68 billion, a price-earnings ratio of 22.46, a PEG ratio of 1.97 and a beta of 0.92.
TJX Companies (NYSE: TJX – Get a rating) last reported results on Wednesday, August 17. The home apparel and fashion retailer reported EPS of $0.69 for the quarter, beating the consensus estimate of $0.67 by $0.02. The company posted revenue of $11.84 billion in the quarter, compared to $12.05 billion expected by analysts. TJX Companies posted a return on equity of 61.19% and a net margin of 6.77%. The company’s revenue for the quarter was down 1.9% year over year. During the same period last year, the company achieved EPS of $0.79. Analysts expect TJX companies to post EPS of 3.11 for the current fiscal year.
TJX Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Thursday August 11 will receive a dividend of $0.295. The ex-date of this dividend is Wednesday, August 10. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.88%. The dividend payout ratio (DPR) of TJX Companies is 42.14%.
Company Profile 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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