TJX Companies Inc (NYSE:TJX) has earned a consensus recommendation of “Buy” from the twenty research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $59.41.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, May 24th. Bank of America set a $65.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a research report on Friday, August 16th. ValuEngine cut TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Robert W. Baird assumed coverage on TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective on the stock.
TJX Companies stock traded down $1.79 during mid-day trading on Friday, hitting $53.09. 7,654,495 shares of the company’s stock traded hands, compared to its average volume of 7,434,068. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.46. The stock has a market cap of $66.55 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.93 and a beta of 0.73. The firm has a 50 day simple moving average of $53.92 and a two-hundred day simple moving average of $52.80. TJX Companies has a fifty-two week low of $41.49 and a fifty-two week high of $57.15.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio is presently 43.60%.
In other TJX Companies news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the transaction, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 1.7% during the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock valued at $5,228,784,000 after purchasing an additional 1,697,819 shares in the last quarter. BlackRock Inc. boosted its stake in shares of TJX Companies by 6.1% during the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock valued at $4,815,108,000 after purchasing an additional 5,274,627 shares in the last quarter. FMR LLC boosted its stake in shares of TJX Companies by 4.0% during the first quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after purchasing an additional 2,052,931 shares in the last quarter. Northern Trust Corp boosted its stake in shares of TJX Companies by 2.4% during the first quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after purchasing an additional 428,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TJX Companies by 115.8% during the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after purchasing an additional 9,515,682 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.
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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