Shares of TJX Companies Inc (NYSE:TJX) have received a consensus recommendation of “Buy” from the twenty research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $64.44.
Several equities analysts recently issued reports on the stock. Cowen set a $62.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada initiated coverage on shares of TJX Companies in a report on Monday, November 11th. They issued a “sector perform” rating and a $60.00 price objective for the company. Guggenheim lifted their price objective on TJX Companies from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup lifted their price objective on TJX Companies from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th.
In related news, CEO Ernie Herrman sold 127,296 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $60.38, for a total value of $7,686,132.48. Following the sale, the chief executive officer now owns 575,966 shares in the company, valued at approximately $34,776,827.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.
Several large investors have recently bought and sold shares of TJX. Stonehage Fleming Financial Services Holdings Ltd bought a new position in TJX Companies during the second quarter valued at approximately $1,223,000. Asset Management One Co. Ltd. boosted its holdings in shares of TJX Companies by 8.0% in the second quarter. Asset Management One Co. Ltd. now owns 859,536 shares of the apparel and home fashions retailer’s stock worth $45,452,000 after buying an additional 63,421 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of TJX Companies in the third quarter worth approximately $2,419,000. Canada Pension Plan Investment Board grew its position in TJX Companies by 20.5% during the second quarter. Canada Pension Plan Investment Board now owns 311,533 shares of the apparel and home fashions retailer’s stock valued at $16,474,000 after buying an additional 52,969 shares during the period. Finally, Park National Corp OH increased its holdings in TJX Companies by 5.3% during the third quarter. Park National Corp OH now owns 129,448 shares of the apparel and home fashions retailer’s stock valued at $7,216,000 after buying an additional 6,488 shares during the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.
NYSE:TJX traded down $0.90 during trading hours on Tuesday, hitting $59.50. The company had a trading volume of 5,914,828 shares, compared to its average volume of 5,865,179. The company has a market capitalization of $73.90 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. The stock has a 50-day moving average price of $59.39 and a 200 day moving average price of $55.27. TJX Companies has a 52 week low of $41.49 and a 52 week high of $61.69. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.22 and a quick ratio of 0.40.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. TJX Companies had a net margin of 7.70% and a return on equity of 57.63%. The business had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.31 billion. During the same period in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that TJX Companies will post 2.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.55%. TJX Companies’s payout ratio is 43.60%.
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, 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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