The TJX Cos. (TJX) Given Average Recommendation of “Buy” by Brokerages
The TJX Cos. (NYSE:TJX) has been given a consensus rating of “Buy” by the twenty-five brokerages that are currently covering the company. Five research analysts have rated the stock with a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $83.28.
A number of equities analysts have weighed in on TJX shares. Miller Tabak started coverage on The TJX Cos. in a research note on Friday, June 24th. They set a “buy” rating and a $91.00 price objective for the company. Wells Fargo & Co. restated a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets restated an “outperform” rating and issued a $85.00 price target on shares of The TJX Cos. in a research note on Thursday, June 30th. Zacks Investment Research upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a research note on Monday, August 1st.
A number of hedge funds have recently made changes to their positions in TJX. Global X Management Co. LLC raised its stake in The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock worth $109,000 after buying an additional 827 shares in the last quarter. Signaturefd LLC raised its stake in The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock worth $127,000 after buying an additional 63 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in The TJX Cos. during the second quarter worth $131,000. Point72 Asia Hong Kong Ltd bought a new stake in The TJX Cos. during the second quarter worth $131,000. Finally, Westbourne Investment Advisors Inc. bought a new stake in The TJX Cos. during the second quarter worth $143,000. 88.74% of the stock is currently owned by institutional investors.
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The TJX Cos. (NYSE:TJX) traded up 0.44% during midday trading on Wednesday, hitting $73.48. The company had a trading volume of 1,159,023 shares. The stock has a 50 day moving average price of $75.21 and a 200 day moving average price of $77.02. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64. The company has a market capitalization of $48.25 billion, a P/E ratio of 21.34 and a beta of 0.65.
The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The business earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. Equities analysts forecast that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is 30.15%.
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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