TJX Companies (NYSE:TJX) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of TJX Companies (NYSE:TJX) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $145.00 price objective on the apparel and home fashions retailer’s stock.

Several other equities research analysts have also commented on the stock. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Robert W. Baird boosted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Price Performance

NYSE:TJX opened at $123.49 on Thursday. 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 has a 52 week low of $92.35 and a 52 week high of $128.00. The stock’s 50-day moving average price is $122.92 and its 200-day moving average price is $119.86. 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 issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 payout ratio is 35.29%.

Institutional Investors Weigh In On TJX Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter valued at $30,000. 91.09% of the stock is currently 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.