Shares of TJX Companies Inc (NYSE:TJX) have earned an average rating of “Buy” from the twenty-eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $90.17.
TJX has been the topic of a number of research analyst reports. MKM Partners set a $99.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, May 23rd. Buckingham Research upped their target price on shares of TJX Companies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, May 23rd. Deutsche Bank initiated coverage on shares of TJX Companies in a research note on Monday, April 30th. They issued a “buy” rating and a $98.00 target price on the stock. Atlantic Securities downgraded shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research note on Tuesday, June 26th. Finally, Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 5th.
TJX Companies traded up $0.24, reaching $95.15, during mid-day trading on Tuesday, Marketbeat.com reports. The company had a trading volume of 1,308,300 shares, compared to its average volume of 4,016,426. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.69 and a quick ratio of 0.81. The company has a market capitalization of $59.51 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.85 and a beta of 0.66. TJX Companies has a 12 month low of $66.44 and a 12 month high of $96.82.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The business had revenue of $8.67 billion for the quarter, compared to the consensus estimate of $8.47 billion. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. research analysts expect that TJX Companies will post 4.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.64%. TJX Companies’s payout ratio is 38.61%.
In related news, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total transaction of $44,025.00. Following the completion of the sale, the director now owns 15,498 shares of the company’s stock, valued at $1,364,598.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Sherr sold 2,220 shares of the stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the sale, the executive vice president now directly owns 90,495 shares of the company’s stock, valued at approximately $7,966,274.85. The disclosure for this sale can be found here. Insiders have sold 39,064 shares of company stock valued at $3,269,567 in the last three months. 0.22% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of TJX. Farmers National Bank purchased a new stake in TJX Companies during the fourth quarter valued at approximately $106,000. Icon Wealth Partners LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $109,000. Truewealth LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $119,000. CNB Bank raised its holdings in shares of TJX Companies by 906.5% in the first quarter. CNB Bank now owns 1,691 shares of the apparel and home fashions retailer’s stock worth $138,000 after buying an additional 1,523 shares during the last quarter. Finally, Princeton Capital Management LLC purchased a new position in shares of TJX Companies in the first quarter worth $148,000. 90.59% of the stock is owned by institutional investors.
TJX Companies Company Profile
The TJX Companies, Inc 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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