TJX Companies Inc (TJX) Given Consensus Rating of “Buy” by Analysts
TJX Companies Inc (NYSE:TJX) has been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $81.50.
TJX has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price target on TJX Companies from $79.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Goldman Sachs Group reissued a “buy” rating and issued a $90.00 price target (down from $97.00) on shares of TJX Companies in a report on Wednesday, August 16th. Jefferies Group set a $75.00 price target on TJX Companies and gave the stock a “hold” rating in a report on Tuesday, August 15th. Credit Suisse Group reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of TJX Companies in a report on Wednesday, August 16th. Finally, Nomura set a $80.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 16th.
TJX Companies (NYSE:TJX) traded up $0.04 on Friday, reaching $73.88. The company’s stock had a trading volume of 4,770,300 shares, compared to its average volume of 4,216,166. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of $47,454.31, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.80 and a beta of 0.75. TJX Companies has a one year low of $66.44 and a one year high of $80.92.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
A number of hedge funds have recently bought and sold shares of the business. Zions Bancorporation boosted its position in shares of TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after buying an additional 883 shares during the period. Jacobi Capital Management LLC boosted its position in shares of TJX Companies by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares during the period. Lenox Wealth Management Inc. purchased a new stake in shares of TJX Companies in the second quarter worth about $141,000. Mosaic Family Wealth LLC boosted its position in shares of TJX Companies by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares during the period. Finally, Oakworth Capital Inc. boosted its position in shares of TJX Companies by 10.1% in the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after buying an additional 185 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
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TJX Companies 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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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