Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $133.53

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $133.53.

A number of brokerages have recently commented on TJX. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, 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 report on Thursday, December 5th.

Institutional Trading of TJX Companies

Several large investors have recently modified their holdings of the business. Pacific Point Advisors LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $216,000. Hudson Value Partners LLC grew its position in shares of TJX Companies by 13.1% in the fourth quarter. Hudson Value Partners LLC now owns 2,432 shares of the apparel and home fashions retailer’s stock valued at $294,000 after purchasing an additional 282 shares during the last quarter. Investment Management Corp VA ADV acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $414,000. Breed s Hill Capital LLC grew its position in shares of TJX Companies by 24.7% in the fourth quarter. Breed s Hill Capital LLC now owns 4,189 shares of the apparel and home fashions retailer’s stock valued at $506,000 after purchasing an additional 831 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in shares of TJX Companies by 49.0% in the fourth quarter. Vise Technologies Inc. now owns 27,721 shares of the apparel and home fashions retailer’s stock valued at $3,349,000 after purchasing an additional 9,113 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.82 on Friday. The company has a 50-day simple moving average of $123.14 and a 200-day simple moving average of $119.27. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market capitalization of $139.20 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 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 yield of 1.21%. TJX Companies’s payout ratio is currently 35.29%.

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.