Analysts Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $130.89

The TJX Companies, Inc. (NYSE:TJX) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $130.89.

Several analysts have recently weighed in on TJX shares. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the third quarter worth about $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX opened at $120.81 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. TJX Companies has a one year low of $91.31 and a one year high of $128.00. The company has a fifty day moving average price of $121.03 and a 200 day moving average price of $116.65. The stock has a market cap of $135.81 billion, a P/E ratio of 28.43, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 analyst estimates of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend 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.