Jefferies Group LLC set a $80.00 price target on TJX Companies Inc (NYSE:TJX) in a research note released on Tuesday. The firm currently has a hold rating on the apparel and home fashions retailer’s stock.
A number of other research analysts have also weighed in on TJX. Zacks Investment Research upgraded TJX Companies from a hold rating to a buy rating and set a $85.00 price objective on the stock in a report on Tuesday, January 17th. Deutsche Bank AG raised their price objective on TJX Companies from $83.00 to $87.00 and gave the company a buy rating in a report on Wednesday, January 18th. Susquehanna Bancshares Inc started coverage on TJX Companies in a report on Friday, February 10th. They issued a positive rating and a $92.00 price objective on the stock. Credit Suisse Group AG restated a hold rating and issued a $77.00 price objective on shares of TJX Companies in a report on Friday, February 17th. Finally, Wedbush restated an outperform rating and issued a $85.00 price objective on shares of TJX Companies in a report on Wednesday, February 22nd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. TJX Companies presently has an average rating of Buy and an average target price of $85.05.
Shares of TJX Companies (NYSE:TJX) opened at 74.48 on Tuesday. The company has a 50-day moving average of $77.68 and a 200 day moving average of $76.96. TJX Companies has a 12 month low of $71.50 and a 12 month high of $83.64. The company has a market cap of $48.08 billion, a PE ratio of 21.53 and a beta of 0.70.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The firm had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that TJX Companies will post $3.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, May 9th. TJX Companies’s dividend payout ratio (DPR) is presently 30.41%.
In related news, EVP Richard Sherr sold 20,000 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $78.13, for a total transaction of $1,562,600.00. Following the completion of the sale, the executive vice president now directly owns 121,179 shares of the company’s stock, valued at approximately $9,467,715.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 15,571 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $77.14, for a total value of $1,201,146.94. Following the sale, the chief financial officer now directly owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The disclosure for this sale can be found here. Insiders have sold a total of 56,751 shares of company stock valued at $4,426,377 over the last three months. Corporate insiders own 0.30% of the company’s stock.
Several hedge funds have recently modified their holdings of TJX. TrimTabs Asset Management LLC increased its stake in shares of TJX Companies by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York GFN acquired a new stake in shares of TJX Companies during the fourth quarter worth about $124,000. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies during the first quarter worth about $130,000. SRS Capital Advisors Inc. acquired a new stake in shares of TJX Companies during the fourth quarter worth about $145,000. Finally, Mosaic Family Wealth LLC increased its stake in shares of TJX Companies by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares during the last quarter. 87.65% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Company Profile
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.
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