TJX Companies Inc (NYSE:TJX) has received a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $82.11.
TJX has been the subject of a number of recent research reports. Wells Fargo & Co cut shares of TJX Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a research note on Friday, December 15th. Royal Bank of Canada set a $70.00 target price on shares of TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price for the company. in a research note on Tuesday, December 5th.
Shares of TJX Companies (NYSE TJX) traded down $0.53 on Wednesday, hitting $75.84. 3,635,035 shares of the stock were exchanged, compared to its average volume of 4,274,658. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $81.46. The stock has a market cap of $48,530.00, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
Several institutional investors and hedge funds have recently made changes to their positions in TJX. Zions Bancorporation boosted its holdings in shares of TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares during the last quarter. Farmers National Bank acquired a new position in shares of TJX Companies in the 4th quarter valued at $106,000. Icon Wealth Partners LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $109,000. Truewealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $119,000. Finally, Assetmark Inc. boosted its holdings in shares of TJX Companies by 50.3% in the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after purchasing an additional 664 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.
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About TJX Companies
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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