TJX Companies (TJX) Price Target Lowered to $51.00 at Telsey Advisory Group

TJX Companies (NYSE:TJX) had its target price lowered by Telsey Advisory Group from $55.00 to $51.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other reports. Zacks Investment Research upgraded TJX Companies from a hold rating to a buy rating and set a $61.00 target price for the company in a research report on Friday, November 16th. ValuEngine downgraded TJX Companies from a sell rating to a strong sell rating in a research report on Wednesday, November 7th. Credit Suisse Group raised their price objective on TJX Companies from $50.00 to $54.00 and gave the stock a neutral rating in a research report on Wednesday, August 22nd. Barclays set a $59.00 price objective on TJX Companies and gave the stock a hold rating in a research report on Thursday, November 8th. Finally, DA Davidson initiated coverage on TJX Companies in a research report on Tuesday, September 25th. They set a buy rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $53.19.

TJX Companies stock opened at $45.86 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $57.12 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.73 and a beta of 0.65. TJX Companies has a 12 month low of $35.25 and a 12 month high of $56.64.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm 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 business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. On average, research analysts anticipate that TJX Companies will post 2.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.40%. TJX Companies’s payout ratio is currently 38.61%.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in TJX Companies by 1.2% in the third quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after acquiring an additional 593,647 shares during the period. BlackRock Inc. grew 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. FMR LLC grew its stake in TJX Companies by 4.0% in the third quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after acquiring an additional 949,799 shares during the period. Bank of New York Mellon Corp grew its stake in TJX Companies by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after acquiring an additional 715,960 shares during the period. Finally, Northern Trust Corp grew its stake in TJX Companies by 1.6% in the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after acquiring an additional 135,091 shares during the period. Institutional investors and hedge funds own 45.09% of the company’s stock.

About TJX Companies

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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