TJX Companies’ (TJX) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of TJX Companies (NYSE:TJX) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $134.00 target price on the apparel and home fashions retailer’s stock.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group increased their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Morgan Stanley boosted their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, TD Cowen increased their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Price Performance

NYSE TJX opened at $119.97 on Wednesday. TJX Companies has a 12-month low of $87.26 and a 12-month high of $122.10. The firm’s 50 day moving average is $116.33 and its 200-day moving average is $111.56. The company has a market capitalization of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. Equities research analysts anticipate that TJX Companies will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares in the last quarter. Insight Inv LLC lifted its holdings in shares of 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 worth $2,425,000 after acquiring an additional 100 shares during the period. Prestige Wealth Management Group LLC boosted its position in shares of TJX Companies by 77.7% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 686 shares of the apparel and home fashions retailer’s stock worth $81,000 after acquiring an additional 300 shares in the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $896,000. Finally, Conway Capital Management Inc. bought a new position in TJX Companies in the third quarter valued at approximately $623,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.