Brokerages Set TJX Companies Inc (TJX) Price Target at $53.17

Shares of TJX Companies Inc (NYSE:TJX) have earned an average rating of “Buy” from the twenty-eight brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $53.17.

A number of analysts recently commented on TJX shares. Guggenheim reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, August 21st. Buckingham Research boosted their price objective on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Deutsche Bank boosted their price objective on shares of TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a report on Monday, August 20th. Citigroup boosted their price objective on shares of TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, Cowen reissued a “buy” rating and set a $57.00 price objective on shares of TJX Companies in a report on Tuesday, July 31st.

Shares of TJX Companies stock opened at $45.86 on Friday. The stock has a market cap of $56.75 billion, a PE ratio of 22.70, a PEG ratio of 1.72 and a beta of 0.65. TJX Companies has a 52-week low of $35.25 and a 52-week high of $56.64. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Equities analysts anticipate that TJX Companies will post 2.44 earnings per share for the current fiscal year.

The firm also recently declared 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. This represents a $1.56 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

Several hedge funds and other institutional investors have recently made changes to their positions in TJX. Cornerstone Advisors Inc. lifted its stake in shares of TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after buying an additional 821 shares during the period. Icon Wealth Partners LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $106,000. Atlas Capital Advisors LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $107,000. Capital Guardian Trust Co. purchased a new position in shares of TJX Companies during the third quarter valued at approximately $109,000. Finally, City Holding Co. purchased a new position in shares of TJX Companies during the second quarter valued at approximately $114,000. 45.09% of the stock is currently owned by institutional investors.

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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