TJX Companies (NYSE:TJX) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a research report released on Thursday.

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Price Performance

TJX Companies stock opened at $123.49 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business has a 50 day simple moving average of $122.92 and a 200-day simple moving average of $119.86. TJX Companies has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market capitalization of $138.82 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Hedge Funds Weigh In On TJX Companies

Institutional investors have recently made changes to their positions in the stock. Howard Capital Management Group LLC boosted its stake in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in shares of TJX Companies by 11.1% during the third quarter. Integrated Advisors Network LLC now owns 5,384 shares of the apparel and home fashions retailer’s stock valued at $633,000 after buying an additional 538 shares during the period. Mutual Advisors LLC boosted its position in TJX Companies by 5.0% during the third quarter. Mutual Advisors LLC now owns 20,852 shares of the apparel and home fashions retailer’s stock worth $2,381,000 after acquiring an additional 985 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in TJX Companies by 7.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 44,538 shares of the apparel and home fashions retailer’s stock worth $5,235,000 after acquiring an additional 3,009 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in TJX Companies by 34.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 10,518 shares of the apparel and home fashions retailer’s stock valued at $1,236,000 after acquiring an additional 2,689 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

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.