TJX Cos. Price Target Raised to $62.00 at Cowen and Company (TJX)
Stock analysts at Cowen and Company increased their price target on shares of TJX Cos. (NYSE:TJX) from $59.00 to $62.00 in a report issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective points to a potential upside of 9.79% from the company’s current price.
In other TJX Cos. news, EVP Nan Stutz sold 24,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $54.59, for a total value of $1,310,160.00. Following the transaction, the executive vice president now directly owns 110,380 shares in the company, valued at approximately $6,025,644. The transaction was disclosed in a document filed with the SEC, which is available at this link.
TJX Cos. (NYSE:TJX) remained flat at $56.47 during during mid-day trading trading on Friday. The stock had a trading volume of 1,983,611 shares. TJX Cos. has a 52-week low of $40.08 and a 52-week high of $57.16. The stock’s 50-day moving average is $53.94 and its 200-day moving average is $50.65. The company has a market cap of $40.389 billion and a price-to-earnings ratio of 20.73.
TJX Cos. (NYSE:TJX) last released its earnings data on Tuesday, August 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the company posted $0.56 earnings per share. TJX Cos.’s revenue was up 8.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, November 12th.
A number of other analysts have also recently weighed in on TJX. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of TJX Cos. (NYSE:TJX) in a research note to investors on Wednesday, September 4th. They set a “neutral” rating and a $59.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of TJX Cos. (NYSE:TJX) from $58.00 to $60.00 in a research note to investors on Thursday, August 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of TJX Cos. (NYSE:TJX) in a research note to investors on Thursday, August 22nd. They now have a $57.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.48.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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