The TJX Companies, Inc. (NYSE:TJX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The TJX Companies, Inc. (NYSE:TJX – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $74.94.

A number of equity analysts have commented on TJX shares. The Goldman Sachs Group assumed coverage on TJX Companies in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $70.00 price target on the stock. Gordon Haskett lowered TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. Loop Capital lifted their price objective on TJX Companies from $60.00 to $65.00 in a research report on Friday, August 19th. Barclays lifted their price objective on TJX Companies from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, Cowen lifted their price objective on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $62.01 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47. The business’s 50 day simple moving average is $63.80 and its two-hundred day simple moving average is $61.65. The stock has a market capitalization of $72.00 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. TJX Companies has a one year low of $53.69 and a one year high of $77.35.

TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. Analysts forecast that TJX Companies will post 3.11 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, November 9th. TJX Companies’ dividend payout ratio (DPR) is 42.14%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the sale, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Carol Meyrowitz sold 70,720 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following the completion of the transaction, the chairman now owns 264,967 shares in the company, valued at $17,917,068.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 50,282 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the completion of the transaction, the chief executive officer now owns 696,439 shares of the company’s stock, valued at approximately $45,895,330.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,375 shares of company stock valued at $9,821,034. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in TJX Companies during the fourth quarter valued at $827,082,000. Ontario Teachers Pension Plan Board purchased a new stake in TJX Companies during the first quarter valued at $408,331,000. 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 fashions retailer’s stock valued at $1,795,510,000 after acquiring an additional 5,804,572 shares during the last quarter. 1832 Asset Management LP increased its position in TJX Companies by 141.0% during the first quarter. 1832 Asset Management LP now owns 8,130,500 shares of the apparel and home fashions retailer’s stock valued at $485,794,000 after acquiring an additional 4,756,845 shares during the last quarter. Finally, Capital International Investors increased its position in TJX Companies by 67.8% during the first quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashions retailer’s stock valued at $648,232,000 after acquiring an additional 4,324,443 shares during the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

TJX Companies Company Profile

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The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

See Also

Analyst Recommendations for TJX Companies (NYSE:TJX)

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