The TJX Companies, Inc. (NYSE:TJX) Given Average Recommendation of “Buy” by Analysts

The TJX Companies, Inc. (NYSE:TJX) has received an average rating of “Buy” from the twenty-four brokerages that are presently covering the stock, MarketBeat.com reports. Twenty-two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $164.7619.

Several analysts have recently weighed in on the company. Robert W. Baird set a $168.00 price target on TJX Companies in a report on Wednesday, December 17th. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Evercore raised their price target on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Barclays set a $172.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a report on Wednesday, February 18th.

TJX Companies Trading Down 0.3%

Shares of TJX Companies stock opened at $157.74 on Tuesday. The firm’s 50 day moving average is $154.64 and its 200 day moving average is $147.08. The firm has a market capitalization of $175.16 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74. TJX Companies has a 1 year low of $112.10 and a 1 year high of $160.46. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio is presently 37.53%.

Institutional Trading of TJX Companies

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC increased its holdings in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. lifted its stake in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after buying an additional 2,743,676 shares in the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $244,687,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.