Investment analysts at Deutsche Bank hoisted their price objective on shares of TJX Cos. (NYSE:TJX) from $66.00 to $69.00 in a note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 10.68% from the stock’s previous close.
In other TJX Cos. news, EVP Jerome Rossi sold 51,720 shares of the company’s stock on the open market in a transaction dated Friday, December 6th. The stock was sold at an average price of $62.50, for a total value of $3,232,500.00. Following the transaction, the executive vice president now directly owns 127,786 shares of the company’s stock, valued at approximately $7,986,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TJX Cos. (NYSE:TJX) traded down 0.51% during mid-day trading on Monday, hitting $62.02. 3,307,993 shares of the company’s stock traded hands. TJX Cos. has a one year low of $40.98 and a one year high of $64.09. The stock’s 50-day moving average is $61.44 and its 200-day moving average is $54.93. The company has a market cap of $44.909 billion and a price-to-earnings ratio of 21.03.
TJX Cos. (NYSE:TJX) last announced its earnings results on Tuesday, November 19th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.01. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that TJX Cos. will post $2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.15 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, February 11th.
A number of other firms have also recently commented on TJX. Analysts at Atlantic Securities initiated coverage on shares of TJX Cos. in a research note to investors on Monday. They set an “overweight” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of TJX Cos. from $65.00 to $72.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of TJX Cos. to $68.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $63.14.
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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