Jefferies Financial Group Reiterates $50.00 Price Target for TJX Companies (TJX)

Jefferies Financial Group set a $50.00 price target on TJX Companies (NYSE:TJX) in a research report report published on Tuesday morning. The firm currently has a hold rating on the apparel and home fashions retailer’s stock. Jefferies Financial Group also issued estimates for TJX Companies’ Q4 2019 earnings at $0.68 EPS.

Several other brokerages also recently weighed in on TJX. Guggenheim restated a buy rating on shares of TJX Companies in a research note on Tuesday, August 21st. Zacks Investment Research downgraded TJX Companies from a buy rating to a hold rating in a research note on Tuesday, October 23rd. ValuEngine downgraded TJX Companies from a sell rating to a strong sell rating in a research note on Wednesday, November 7th. Barclays set a $59.00 target price on TJX Companies and gave the company a hold rating in a research note on Thursday, November 8th. Finally, DA Davidson started coverage on TJX Companies in a research note on Tuesday, September 25th. They set a buy rating and a $65.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company’s stock. TJX Companies has a consensus rating of Buy and an average price target of $53.19.

Shares of TJX Companies stock opened at $45.86 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.77. The stock has a market cap of $57.12 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. TJX Companies has a 1-year low of $35.25 and a 1-year high of $56.64.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, analysts predict that TJX Companies will post 2.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.40%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.

A number of hedge funds have recently modified their holdings of TJX. Vontobel Asset Management Inc. acquired a new position in TJX Companies in the second quarter valued at approximately $261,270,000. AQR Capital Management LLC boosted its stake in TJX Companies by 81.3% in the third quarter. AQR Capital Management LLC now owns 4,859,636 shares of the apparel and home fashions retailer’s stock valued at $544,377,000 after acquiring an additional 2,178,673 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in TJX Companies in the second quarter valued at approximately $121,730,000. Prudential Financial Inc. boosted its stake in TJX Companies by 143.0% in the third quarter. Prudential Financial Inc. now owns 2,100,916 shares of the apparel and home fashions retailer’s stock valued at $235,345,000 after acquiring an additional 1,236,439 shares during the period. Finally, BlackRock Inc. boosted its stake in TJX Companies by 2.6% in the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after acquiring an additional 1,089,109 shares during the period. Institutional investors own 45.09% of the company’s stock.

TJX Companies Company Profile

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.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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