The TJX Cos. (TJX) Rating Reiterated by JPMorgan Chase & Co.
The TJX Cos. (NYSE:TJX)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $85.00 price objective on the apparel and home fashions retailer’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 14.51% from the company’s previous close.
TJX has been the topic of several other research reports. Goldman Sachs Group Inc. restated a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Morgan Stanley restated a “hold” rating and issued a $77.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a report on Wednesday, August 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price target on shares of The TJX Cos. in a report on Thursday, June 30th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of The TJX Cos. in a report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.51.
Shares of The TJX Cos. (NYSE:TJX) opened at 74.23 on Wednesday. The firm has a market cap of $48.74 billion, a PE ratio of 21.55 and a beta of 0.65. The firm has a 50-day moving average of $75.86 and a 200 day moving average of $77.17. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64.
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The TJX Cos. (NYSE:TJX) last issued its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The firm had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. The TJX Cos.’s dividend payout ratio is currently 30.15%.
Several large investors have recently added to or reduced their stakes in the stock. Aviva PLC increased its stake in The TJX Cos. by 0.7% in the first quarter. Aviva PLC now owns 385,042 shares of the apparel and home fashions retailer’s stock worth $30,168,000 after buying an additional 2,816 shares in the last quarter. M&T Bank Corp increased its stake in The TJX Cos. by 3.9% in the first quarter. M&T Bank Corp now owns 109,668 shares of the apparel and home fashions retailer’s stock worth $8,592,000 after buying an additional 4,143 shares in the last quarter. Menta Capital LLC purchased a new stake in The TJX Cos. during the first quarter worth about $368,000. Landscape Capital Management L.L.C. increased its stake in The TJX Cos. by 24.1% in the first quarter. Landscape Capital Management L.L.C. now owns 39,904 shares of the apparel and home fashions retailer’s stock worth $3,126,000 after buying an additional 7,744 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in The TJX Cos. by 21.3% in the first quarter. Advisor Partners LLC now owns 10,805 shares of the apparel and home fashions retailer’s stock worth $847,000 after buying an additional 1,898 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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