TD Securities Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price objective hoisted by TD Securities from $140.00 to $142.00 in a report issued on Tuesday, MarketBeat.com reports. TD Securities currently has a buy rating on the apparel and home fashions retailer’s stock.

Several other analysts also recently commented on TJX. Barclays lifted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $137.11.

TJX Companies Price Performance

NYSE:TJX opened at $135.08 on Tuesday. TJX Companies has a 12-month low of $97.53 and a 12-month high of $135.85. The firm has a market capitalization of $150.90 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The stock’s 50 day moving average price is $125.14 and its two-hundred day moving average price is $123.27. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $25,000. TCTC Holdings LLC increased its position in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $32,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

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.