TJX Companies Inc (NYSE:TJX) gapped down before the market opened on Monday . The stock had previously closed at $57.93, but opened at $56.58. TJX Companies shares last traded at $55.43, with a volume of 5,414,045 shares trading hands.
TJX has been the topic of a number of recent research reports. MKM Partners set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Bank of America set a $65.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Argus reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. Loop Capital upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $60.00 in a research note on Friday, August 16th. Finally, Nomura increased their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $59.28.
The company has a market capitalization of $68.40 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.04 and a beta of 0.68. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The company’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $53.49.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current year.
The business also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 1.7%. TJX Companies’s payout ratio is currently 43.60%.
Large investors have recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in shares of TJX Companies during the second quarter worth $25,000. Prestige Wealth Management Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $25,000. Capital Advisors Ltd. LLC lifted its stake in shares of TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after buying an additional 393 shares during the period. Manchester Financial Inc. acquired a new stake in shares of TJX Companies during the second quarter worth $37,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of TJX Companies during the second quarter worth $37,000. Institutional investors and hedge funds own 89.16% of the company’s stock.
About TJX Companies (NYSE:TJX)
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, 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; footwear; and other merchandise.
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