TJX Companies (NYSE:TJX) Price Target Raised to $135.00

TJX Companies (NYSE:TJX) had its target price raised by Morgan Stanley from $130.00 to $135.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the apparel and home fashions retailer’s stock.

Other analysts have also issued reports about the company. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

TJX opened at $122.75 on Tuesday. The firm has a market cap of $137.98 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. TJX Companies has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business’s fifty day moving average is $122.73 and its 200-day moving average is $117.75.

TJX Companies (NYSE:TJX) last released its 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. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Sell-side analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. Hedge funds and other 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.