TJX Cos. PT Raised to $64.00 (TJX)
RBC Capital upped their price objective on shares of TJX Cos. (NYSE:TJX) to $64.00 in a research note issued on Tuesday, AnalystRatingsNetwork reports. RBC Capital’s price target would suggest a potential upside of 11.15% from the stock’s previous close.
TJX Cos. (NYSE:TJX) opened at 57.58 on Tuesday. TJX Cos. has a 1-year low of $40.08 and a 1-year high of $57.98. The stock’s 50-day moving average is $55.68 and its 200-day moving average is $51.94. The company has a market cap of $41.183 billion and a price-to-earnings ratio of 21.14.
TJX Cos. (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.15 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, November 12th.
TJX has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of TJX Cos. from $62.00 to $65.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company reiterated a “buy” rating on shares of TJX Cos. in a research note to investors on Tuesday, October 15th. They now have a $62.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of TJX Cos. from $60.00 to $62.00 in a research note to investors on Tuesday, October 15th. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.87.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.