TJX Companies (NYSE:TJX) Stock Price Expected to Rise, Robert W. Baird Analyst Says

TJX Companies (NYSE:TJX) had its target price upped by Robert W. Baird from $138.00 to $140.00 in a report published on Thursday,Benzinga reports. They currently have an outperform rating on the apparel and home fashions retailer’s stock.

A number of other analysts have also issued reports on the stock. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, February 19th. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Performance

NYSE:TJX opened at $123.49 on Thursday. TJX Companies has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $138.82 billion, a P/E ratio of 29.06, a PEG ratio of 2.75 and a beta of 0.91. 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 firm has a 50-day moving average of $122.92 and a two-hundred day moving average of $119.86.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating 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 firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Trading of TJX Companies

Several hedge funds have recently bought and sold shares of TJX. Congress Asset Management Co. raised its holdings in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after buying an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $433,000. BLB&B Advisors LLC raised its stake in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of TJX Companies in the fourth quarter worth $604,000. 91.09% of the stock is currently owned by institutional investors.

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.