TJX Companies (NYSE:TJX) Price Target Raised to $114.00 at Barclays

TJX Companies (NYSE:TJXFree Report) had its price objective lifted by Barclays from $109.00 to $114.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other research reports. BMO Capital Markets boosted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an outperform rating in a report on Thursday, February 29th. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. TD Cowen increased their target price on TJX Companies from $119.00 to $120.00 and gave the company a buy rating in a research report on Friday, May 17th. Redburn Atlantic lowered TJX Companies from a buy rating to a neutral rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. Finally, The Goldman Sachs Group upgraded TJX Companies from a neutral rating to a buy rating and upped their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $110.05.

Check Out Our Latest Stock Analysis on TJX

TJX Companies Stock Up 2.0 %

Shares of NYSE:TJX opened at $102.14 on Thursday. The business’s 50 day moving average is $97.27 and its 200 day moving average is $95.12. The stock has a market cap of $115.72 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87. TJX Companies has a 52-week low of $75.65 and a 52-week high of $104.98. The company has a quick ratio of 0.64, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Sell-side analysts predict that TJX Companies will post 4.09 EPS for the current year.

TJX Companies announced that its board has authorized a stock repurchase program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of TJX Companies

Several large investors have recently made changes to their positions in TJX. Valued Wealth Advisors LLC lifted its position in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $28,000. First Pacific Financial acquired a new stake in TJX Companies during the first quarter worth about $29,000. Finally, BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Company Profile

(Get Free Report)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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