TJX Companies (NYSE:TJX) Stock Price Expected to Rise, TD Cowen Analyst Says

TJX Companies (NYSE:TJX) had its price target raised by TD Cowen from $125.00 to $130.00 in a report released on Friday,Benzinga reports. TD Cowen currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday, November 13th. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $119.97 on Friday. The stock has a market cap of $135.31 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a fifty day moving average price of $116.33 and a 200 day moving average price of $111.69. TJX Companies has a one year low of $87.26 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts predict that TJX Companies will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

A number of institutional investors have recently bought and sold shares of the business. Tocqueville Asset Management L.P. acquired a new position in TJX Companies in the first quarter valued at about $218,000. Westfield Capital Management Co. LP increased its stake in TJX Companies by 7.7% in the first quarter. Westfield Capital Management Co. LP now owns 65,133 shares of the apparel and home fashions retailer’s stock valued at $6,606,000 after purchasing an additional 4,635 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in TJX Companies by 6.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 24,701 shares of the apparel and home fashions retailer’s stock worth $2,505,000 after purchasing an additional 1,584 shares during the period. Patten & Patten Inc. TN boosted its position in shares of TJX Companies by 6.1% during the first quarter. Patten & Patten Inc. TN now owns 156,079 shares of the apparel and home fashions retailer’s stock worth $15,830,000 after purchasing an additional 9,017 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of TJX Companies by 1.7% in the 1st quarter. Jacobi Capital Management LLC now owns 9,214 shares of the apparel and home fashions retailer’s stock valued at $934,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

About TJX Companies

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.