TJX Companies (NYSE:TJX) Given New $65.00 Price Target at Loop Capital

TJX Companies (NYSE:TJX) had its price objective lifted by Loop Capital to $65.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

Other analysts have also issued research reports about the company. Bank of America set a $65.00 price target on TJX Companies and gave the company a buy rating in a report on Wednesday, August 21st. DA Davidson set a $65.00 price target on TJX Companies and gave the company a buy rating in a report on Wednesday, August 21st. Zacks Investment Research upgraded TJX Companies from a sell rating to a hold rating and set a $60.00 price target for the company in a report on Friday, October 11th. Argus reiterated a buy rating on shares of TJX Companies in a report on Wednesday, July 3rd. Finally, Nomura boosted their price target on TJX Companies from $57.00 to $60.00 and gave the company a buy rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $59.89.

Shares of NYSE:TJX traded down $0.14 during trading hours on Thursday, hitting $60.35. 390,243 shares of the company’s stock traded hands, compared to its average volume of 4,924,485. TJX Companies has a 1 year low of $41.49 and a 1 year high of $60.54. The business has a fifty day moving average price of $56.02 and a 200-day moving average price of $54.09. The firm has a market capitalization of $70.70 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.68. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities analysts predict that TJX Companies will post 2.61 earnings per share for the current year.

The firm also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 43.60%.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock worth $5,228,784,000 after acquiring an additional 1,697,819 shares in the last quarter. BlackRock Inc. raised its position in shares of TJX Companies by 6.1% during the 2nd quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock worth $4,815,108,000 after purchasing an additional 5,274,627 shares during the last quarter. Fiera Capital Corp raised its position in shares of TJX Companies by 3.2% during the 2nd quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock worth $687,008,000 after purchasing an additional 404,764 shares during the last quarter. Invesco Ltd. raised its position in shares of TJX Companies by 1.9% during the 2nd quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock worth $557,803,000 after purchasing an additional 197,115 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of TJX Companies by 21.3% during the 2nd quarter. California Public Employees Retirement System now owns 9,691,809 shares of the apparel and home fashions retailer’s stock worth $512,503,000 after purchasing an additional 1,701,891 shares during the last quarter. 89.34% of the stock is owned by institutional investors.

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.

Featured Story: How Do You Calculate Return on Investment (ROI)?

The Fly

Analyst Recommendations for TJX Companies (NYSE:TJX)

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.