TJX Cos. PT Raised to $55.00 (TJX)
Research analysts at Canaccord Genuity boosted their price objective on shares of TJX Cos. (NYSE:TJX) from $50.00 to $55.00 in a report released on Wednesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 6.13% from the stock’s previous close.
TJX Cos. (NYSE:TJX) opened at 58.59 on Wednesday. TJX Cos. has a 1-year low of $40.08 and a 1-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 $41.906 billion and a price-to-earnings ratio of 21.51.
TJX Cos. (NYSE:TJX) last announced its earnings results 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 in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that TJX Cos. will post $2.84 EPS for the current fiscal year.
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 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th.
A number of other analysts have also recently weighed in on TJX. 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. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.09.
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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