TJX Companies (NYSE:TJX) Price Target Raised to $120.00 at Wells Fargo & Company

TJX Companies (NYSE:TJX) had its target price hoisted by Wells Fargo & Company from $115.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Price Performance

NYSE:TJX opened at $120.00 on Friday. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00. The stock’s fifty day moving average is $122.06 and its two-hundred day moving average is $117.12. The company has a market capitalization of $134.90 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.07 and a beta of 0.91. 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 issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Equities analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 35.29%.

Institutional Investors Weigh In On TJX Companies

Several institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the third quarter valued at $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies during the third quarter worth about $37,000. Hedge funds and other institutional investors 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.