Barclays set a $59.00 price objective on TJX Companies (NYSE:TJX) in a research report released on Thursday morning. The brokerage currently has a hold rating on the apparel and home fashions retailer’s stock.
A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded TJX Companies from a sell rating to a strong sell rating in a report on Wednesday. Zacks Investment Research downgraded TJX Companies from a buy rating to a hold rating in a report on Tuesday, October 23rd. Citigroup upped their price target on TJX Companies from $55.50 to $62.50 and gave the company a buy rating in a report on Tuesday, October 16th. Cowen set a $62.50 price target on TJX Companies and gave the company a buy rating in a report on Tuesday, September 25th. Finally, DA Davidson began coverage on TJX Companies in a report on Tuesday, September 25th. They issued a buy rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $54.08.
Shares of TJX Companies stock traded up $0.10 on Thursday, reaching $55.64. 6,528,833 shares of the company were exchanged, compared to its average volume of 7,578,618. TJX Companies has a 1-year low of $33.22 and a 1-year high of $56.64. The company has a market cap of $67.79 billion, a PE ratio of 27.54, a P/E/G ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that TJX Companies will post 2.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is currently 38.61%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in TJX Companies by 2.6% in the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after buying an additional 1,089,109 shares during the last quarter. FMR LLC lifted its stake in TJX Companies by 4.0% in the third quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after buying an additional 949,799 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in TJX Companies by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after buying an additional 715,960 shares during the last quarter. Northern Trust Corp lifted its stake in TJX Companies by 1.6% in the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after buying an additional 135,091 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in TJX Companies by 12.6% in the third quarter. American Century Companies Inc. now owns 6,617,025 shares of the apparel and home fashions retailer’s stock valued at $741,239,000 after buying an additional 740,409 shares during the last quarter. Institutional investors own 90.12% of the company’s stock.
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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