TD Cowen Increases TJX Companies (NYSE:TJX) Price Target to $130.00

TJX Companies (NYSE:TJX) had its price objective upped by TD Cowen from $125.00 to $130.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

A number of other brokerages have also issued reports on TJX. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Wednesday, November 13th. Morgan Stanley boosted their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Stock Performance

TJX opened at $119.67 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $116.38 and its two-hundred day moving average price is $111.86. The firm has a market capitalization of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. TJX Companies has a 12-month low of $87.44 and a 12-month high of $122.10.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the company posted $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that TJX Companies will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC lifted its position in TJX Companies by 28.7% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,070 shares of the apparel and home fashions retailer’s stock valued at $361,000 after purchasing an additional 685 shares during the period. Toronto Dominion Bank lifted its position in TJX Companies by 6.0% during the 3rd quarter. Toronto Dominion Bank now owns 603,502 shares of the apparel and home fashions retailer’s stock valued at $70,936,000 after purchasing an additional 34,219 shares during the period. RB Capital Management LLC lifted its position in TJX Companies by 4.8% during the 3rd quarter. RB Capital Management LLC now owns 8,554 shares of the apparel and home fashions retailer’s stock valued at $1,005,000 after purchasing an additional 395 shares during the period. Geode Capital Management LLC lifted its position in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares during the period. Finally, Insight Inv LLC lifted its position in TJX Companies by 0.5% during the 3rd quarter. Insight Inv LLC now owns 20,633 shares of the apparel and home fashions retailer’s stock valued at $2,425,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.