The TJX Companies, Inc. (NYSE:TJX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $130.89.

TJX has been the subject of several research reports. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th.

TJX Companies Trading Down 2.3 %

Shares of NYSE:TJX opened at $121.09 on Thursday. TJX Companies has a twelve month low of $91.31 and a twelve month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $136.12 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.07 and a beta of 0.90. The company has a 50 day moving average of $120.78 and a 200-day moving average of $116.54.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s payout ratio is 35.29%.

Hedge Funds Weigh In On TJX Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in TJX Companies by 3.6% during the third quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer’s stock valued at $230,874,000 after purchasing an additional 69,064 shares during the last quarter. SMART Wealth LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $229,000. Lord Abbett & CO. LLC grew its stake in shares of TJX Companies by 0.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 750,090 shares of the apparel and home fashions retailer’s stock valued at $88,166,000 after buying an additional 4,632 shares in the last quarter. 1ST Source Bank grew its stake in shares of TJX Companies by 1.2% in the 3rd quarter. 1ST Source Bank now owns 59,355 shares of the apparel and home fashions retailer’s stock valued at $6,977,000 after buying an additional 698 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in TJX Companies in the third quarter worth approximately $890,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.