TJX Companies (NYSE:TJX) Stock Price Expected to Rise, TD Cowen Analyst Says

TJX Companies (NYSE:TJX) had its price target hoisted by TD Cowen from $130.00 to $132.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

TJX has been the topic of several other reports. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group upped their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Loop Capital raised their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Performance

TJX opened at $121.47 on Friday. The business has a fifty day simple moving average of $116.52 and a 200-day simple moving average of $112.51. The firm has a market cap of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89. TJX Companies has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. As a group, equities analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s payout ratio is 35.29%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of large investors have recently bought and sold shares of TJX. Gamco Investors INC. ET AL lifted its holdings in TJX Companies by 12.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock valued at $284,000 after purchasing an additional 300 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. Morse Asset Management Inc increased its holdings in TJX Companies by 81.3% during the 1st quarter. Morse Asset Management Inc now owns 7,560 shares of the apparel and home fashions retailer’s stock valued at $767,000 after purchasing an additional 3,390 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in TJX Companies by 1.0% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 21,372 shares of the apparel and home fashions retailer’s stock valued at $2,168,000 after purchasing an additional 209 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in TJX Companies by 23.0% in the first quarter. Earnest Partners LLC now owns 798,010 shares of the apparel and home fashions retailer’s stock worth $80,934,000 after purchasing an additional 149,140 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

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.