Nomura reaffirmed their buy rating on shares of TJX Companies (NYSE:TJX) in a research note released on Wednesday, January 17th, Marketbeat reports. Nomura currently has a $87.00 target price on the apparel and home fashions retailer’s stock, up from their prior target price of $75.00.
TJX has been the subject of several other research reports. Goldman Sachs Group cut shares of TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 price target for the company. in a report on Tuesday, December 5th. Citigroup lowered their target price on shares of TJX Companies from $88.00 to $81.00 and set a buy rating for the company in a report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 target price on shares of TJX Companies and gave the company a buy rating in a report on Tuesday, November 14th. Cowen set a $88.00 target price on shares of TJX Companies and gave the company a buy rating in a report on Wednesday, December 13th. Finally, Buckingham Research restated a buy rating and issued a $85.00 target price on shares of TJX Companies in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $82.00.
TJX Companies (NYSE:TJX) traded up $0.07 during trading on Wednesday, hitting $75.71. 5,103,394 shares of the stock were exchanged, compared to its average volume of 4,170,000. The stock has a market cap of $48,170.00, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. TJX Companies has a twelve month low of $66.44 and a twelve month high of $81.46. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that TJX Companies will post 3.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.65%. TJX Companies’s payout ratio is currently 33.78%.
A number of institutional investors have recently made changes to their positions in TJX. Reilly Herbert Faulkner III grew its stake in shares of TJX Companies by 1.0% during the 2nd quarter. Reilly Herbert Faulkner III now owns 58,693 shares of the apparel and home fashions retailer’s stock worth $4,236,000 after purchasing an additional 587 shares during the period. Intrust Bank NA grew its stake in shares of TJX Companies by 54.4% during the 2nd quarter. Intrust Bank NA now owns 10,119 shares of the apparel and home fashions retailer’s stock worth $730,000 after purchasing an additional 3,567 shares during the period. Canandaigua National Bank & Trust Co. grew its stake in shares of TJX Companies by 0.7% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 20,120 shares of the apparel and home fashions retailer’s stock worth $1,452,000 after purchasing an additional 148 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 52.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 156,718 shares of the apparel and home fashions retailer’s stock worth $11,310,000 after purchasing an additional 53,853 shares during the period. Finally, Andra AP fonden grew its stake in shares of TJX Companies by 4.3% during the 2nd quarter. Andra AP fonden now owns 262,000 shares of the apparel and home fashions retailer’s stock worth $18,909,000 after purchasing an additional 10,684 shares during the period. Institutional investors own 90.37% of the company’s stock.
WARNING: This piece was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/02/12/nomura-reaffirms-buy-rating-for-tjx-companies-tjx-updated-updated-updated.html.
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.
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.