TJX Companies Inc (TJX) Received Consensus Recommendation of “Purchase” from Analysts

TJX Companies Inc (TJX) Received Consensus Recommendation of “Purchase” from Analysts

TJX Companies Inc (NYSE:TJX) has been assigned an average recommendation of “Buy” from the twenty-nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $53.44.

TJX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, November 16th. Citigroup upped their target price on shares of TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Cowen set a $59.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Nomura reduced their target price on shares of TJX Companies from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Finally, Argus upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, November 29th.

Large investors have recently modified their holdings of the business. Adirondack Trust Co. lifted its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares in the last quarter. Westside Investment Management Inc. grew its position in TJX Companies by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Edge Wealth Management LLC grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares during the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its holdings in TJX Companies by 83.1% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 782 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 50.70% of the company’s stock.

TJX traded down $0.01 during trading on Wednesday, hitting $48.93. 626,005 shares of the company’s stock were exchanged, compared to its average volume of 5,810,400. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. TJX Companies has a fifty-two week low of $36.41 and a fifty-two week high of $56.64. The company has a market cap of $60.35 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.69 and a beta of 0.67.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The firm had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that TJX Companies will post 2.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 14th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.78 annualized dividend and a yield of 1.59%. TJX Companies’s payout ratio is currently 38.61%.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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