Recent Research Analysts’ Ratings Updates for TJX Companies (TJX)

TJX Companies (NYSE: TJX) has recently received a number of price target changes and ratings updates:

  • 11/20/2018 – TJX Companies was given a new $50.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “hold” rating on the stock.
  • 11/20/2018 – TJX Companies was given a new $47.00 price target on by analysts at Loop Capital. They now have a “hold” rating on the stock.
  • 11/16/2018 – TJX Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “TJX Companies has surpassed the industry in the past six months, due to its sturdy comps record. Comps have been gaining from continued rise in consumer traffic and strong merchandising policies. These factors along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its store and online performance. This was visible in the second-quarter fiscal 2019 results, wherein the top and bottom lines grew year over year and beat estimates, and customer traffic rose for the 16th straight period. The company commenced the third-quarter on a strong note, which along with its constant sales-driving efforts and expected market share gains led to raised earnings and comps views. However, the company has long been witnessing high wage costs, which are expected to hurt earnings growth in fiscal 2019. Also, adverse currency is expected to be a headwind. Estimates have been stable lately ahead of earnings.”
  • 11/8/2018 – TJX Companies was given a new $59.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/7/2018 – TJX Companies was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/23/2018 – TJX Companies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TJX Companies has surpassed the industry in the past six months, courtesy of its impressive comps record. Comps have been gaining from continued rise in consumer traffic and strong merchandising policies. These factors along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its store and online performance. This was visible in the company’s second-quarter fiscal 2019 results, wherein the top and bottom lines grew year over year and beat estimates, and customer traffic rose for the 16th straight period. The company commenced the third-quarter on a strong note, which along with its constant sales-driving efforts and expected market share gains led to raised earnings and comps views. However, the company has long been witnessing high wage costs, which are expected to hurt earnings growth in fiscal 2019. Also, adverse currency is expected to be a headwind in the third quarter.”
  • 10/16/2018 – TJX Companies had its price target raised by analysts at Citigroup Inc from $55.50 to $62.50. They now have a “buy” rating on the stock.
  • 9/25/2018 – TJX Companies was given a new $62.50 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 9/25/2018 – TJX Companies is now covered by analysts at DA Davidson. They set a “buy” rating and a $65.00 price target on the stock.

Shares of TJX traded down $2.14 during mid-day trading on Tuesday, reaching $46.82. The stock had a trading volume of 16,288,808 shares, compared to its average volume of 7,696,572. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a 52-week low of $35.05 and a 52-week high of $56.64. The firm has a market capitalization of $63.72 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.91 and a beta of 0.65.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. TJX Companies’s quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts predict that TJX Companies Inc will post 2.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

A number of hedge funds have recently made changes to their positions in the business. Weybosset Research & Management LLC boosted its stake in TJX Companies by 0.6% during the third quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock worth $8,486,000 after buying an additional 478 shares during the period. Waverton Investment Management Ltd boosted its stake in TJX Companies by 3.7% during the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock worth $1,326,000 after buying an additional 501 shares during the period. Martingale Asset Management L P boosted its stake in TJX Companies by 10.5% during the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock worth $507,000 after buying an additional 506 shares during the period. Tdam USA Inc. boosted its stake in TJX Companies by 0.5% during the third quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock worth $11,394,000 after buying an additional 525 shares during the period. Finally, Reilly Herbert Faulkner III boosted its stake in TJX Companies by 0.9% during the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock worth $5,854,000 after buying an additional 536 shares during the period. 45.09% of the stock is owned by institutional investors.

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Recommended Story: Average Daily Trade Volume Explained

Receive News & Ratings for TJX Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply