TJX Cos. Price Target Raised to $66.00 at Lazard Capital Markets (TJX)
Stock analysts at Lazard Capital Markets upped their price target on shares of TJX Cos. (NYSE:TJX) from $62.00 to $66.00 in a report issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Lazard Capital Markets’ price objective indicates a potential upside of 12.44% from the stock’s previous close.
TJX has been the subject of a number of other recent research reports. Analysts at MKM Partners raised their price target on shares of TJX Cos. from $61.00 to $66.00 in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity raised their price target on shares of TJX Cos. from $50.00 to $55.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of TJX Cos. from $60.00 to $64.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.67.
TJX Cos. (NYSE:TJX) traded up 0.19% during mid-day trading on Wednesday, hitting $58.70. The stock had a trading volume of 2,546,486 shares. TJX Cos. has a one year low of $40.08 and a one year high of $54.84. The stock has a 50-day moving average of $53.09 and a 200-day moving average of $49.92. The company has a market cap of $41.984 billion and a price-to-earnings ratio of 21.51.
TJX Cos. (NYSE:TJX) last issued its quarterly earnings data 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. On average, analysts predict that TJX Cos. will post $2.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 5th. Investors 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 0.99%. The ex-dividend date is Tuesday, November 12th.
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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