Evercore ISI Forecasts Strong Price Appreciation for TJX Companies (NYSE:TJX) Stock

TJX Companies (NYSE:TJX) had its price objective lifted by Evercore ISI from $138.00 to $142.00 in a report published on Thursday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also recently issued reports on TJX. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Price Performance

TJX stock opened at $121.47 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The firm has a market cap of $137.00 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89. The firm’s fifty day moving average is $116.52 and its 200 day moving average is $112.51. TJX Companies has a 52 week low of $87.44 and a 52 week high of $122.10.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. grew its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC bought a new position in TJX Companies during the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC lifted its position in TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.