TJX Companies (NYSE:TJX) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of TJX Companies (NYSE:TJX) in a report published on Wednesday morning,Benzinga reports. They currently have a $134.00 price target on the apparel and home fashions retailer’s stock.

Several other equities analysts also recently weighed in on the company. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.12.

TJX Companies Trading Up 1.1 %

TJX Companies stock opened at $121.19 on Wednesday. The stock has a market cap of $136.69 billion, a PE ratio of 29.27, a P/E/G ratio of 3.03 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $116.13 and a 200 day moving average price of $111.14. TJX Companies has a 52 week low of $87.26 and a 52 week high of $121.92.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that TJX Companies will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TJX Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies in the third quarter worth about $30,000. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.