Nomura restated their buy rating on shares of TJX Companies (NYSE:TJX) in a report published on Wednesday morning. Nomura currently has a $87.00 price objective on the apparel and home fashions retailer’s stock, up from their previous price objective of $75.00.
A number of other research firms also recently commented on TJX. Goldman Sachs Group downgraded TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 target price for the company. in a report on Tuesday, December 5th. Wells Fargo & Co downgraded TJX Companies from an outperform rating to a market perform rating and decreased their target price for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Jefferies Group reaffirmed a hold rating and set a $75.00 target price on shares of TJX Companies in a report on Thursday, September 28th. Cowen set a $88.00 target price on TJX Companies and gave the stock a buy rating in a report on Wednesday, December 13th. Finally, Guggenheim reaffirmed a buy rating and set a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $82.55.
Shares of TJX Companies (NYSE:TJX) traded up $0.67 during midday trading on Wednesday, reaching $77.25. The company’s stock had a trading volume of 2,537,364 shares, compared to its average volume of 4,050,000. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a market capitalization of $49,150.00, a P/E ratio of 20.88, a PEG ratio of 1.83 and a beta of 0.75. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. analysts expect that TJX Companies will post 3.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.
A number of hedge funds have recently made changes to their positions in TJX. Reilly Herbert Faulkner III raised its position in TJX Companies by 1.0% during the second quarter. Reilly Herbert Faulkner III now owns 58,693 shares of the apparel and home fashions retailer’s stock valued at $4,236,000 after acquiring an additional 587 shares in the last quarter. Intrust Bank NA raised its position in TJX Companies by 54.4% during the second quarter. Intrust Bank NA now owns 10,119 shares of the apparel and home fashions retailer’s stock valued at $730,000 after acquiring an additional 3,567 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in shares of TJX Companies by 0.7% in the second quarter. Canandaigua National Bank & Trust Co. now owns 20,120 shares of the apparel and home fashions retailer’s stock valued at $1,452,000 after buying an additional 148 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of TJX Companies by 52.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 156,718 shares of the apparel and home fashions retailer’s stock valued at $11,310,000 after buying an additional 53,853 shares in the last quarter. Finally, Andra AP fonden increased its position in shares of TJX Companies by 4.3% in the second quarter. Andra AP fonden now owns 262,000 shares of the apparel and home fashions retailer’s stock valued at $18,909,000 after buying an additional 10,684 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.
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TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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