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

A number of research firms have changed their ratings and price targets for TJX Companies (NYSE: TJX):

  • 11/21/2019 – TJX Companies had its “buy” rating reaffirmed by analysts at Evercore ISI. They now have a $70.00 price target on the stock.
  • 11/20/2019 – TJX Companies had its “positive” rating reaffirmed by analysts at DA Davidson. They now have a $70.00 price target on the stock, up previously from $65.00.
  • 11/20/2019 – TJX Companies had its price target raised by analysts at Telsey Advisory Group from $62.00 to $68.00. They now have an “outperform” rating on the stock.
  • 11/20/2019 – TJX Companies had its price target raised by analysts at MKM Partners to $70.00. They now have a “buy” rating on the stock.
  • 11/20/2019 – TJX Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “TJX Companies’ shares have outpaced the industry in the past three months. The company has been benefiting from its robust comps, which in turn are gaining from continuous rise in consumer traffic and strong merchandising policies. These along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its performance. This reflected in the company’s third-quarter fiscal 2020 results, wherein both earnings and sales grew year over year and beat the consensus mark. Moreover, management raised its earnings view for fiscal 2020. However, the company has been witnessing high supply-chain costs, which have been weighing on the gross margin. Margins also remain susceptible to tariffs on goods sourced from China. Additionally, volatile currency movements pose concerns.”
  • 11/20/2019 – TJX Companies had its price target raised by analysts at Loop Capital to $69.00. They now have a “buy” rating on the stock.
  • 11/20/2019 – TJX Companies had its price target raised by analysts at Citigroup Inc from $58.00 to $70.00. They now have a “buy” rating on the stock.
  • 11/14/2019 – TJX Companies had its price target raised by analysts at Guggenheim from $60.00 to $66.00. They now have a “buy” rating on the stock.
  • 11/12/2019 – TJX Companies is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $66.00 price target on the stock.
  • 11/11/2019 – TJX Companies is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $60.00 price target on the stock.
  • 11/7/2019 – TJX Companies is now covered by analysts at Nomura. They set a “buy” rating and a $65.00 price target on the stock.
  • 11/4/2019 – TJX Companies was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/29/2019 – TJX Companies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/18/2019 – TJX Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $64.00 price target on the stock. According to Zacks, “TJX Companies’ shares have gained year to date. We expect the company to deliver above-average performance in the near term on the back of its robust comps trend. Markedly, continuous rise in consumer traffic and strong merchandising policies are fueling comps. These along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving store and online performance. This was visible in the company’s second-quarter fiscal 2020 results, wherein customer traffic rose for the 20th straight time. Apart from these, we commend TJX Companies’ shareholder-friendly moves. However, the company has been witnessing high supply-chain costs, which have been weighing on the gross margin. Margins also remain susceptible to any rise in wage costs. Additionally, volatile currency movements are a threat.”
  • 10/17/2019 – TJX Companies had its price target raised by analysts at Loop Capital to $65.00. They now have a “buy” rating on the stock.
  • 10/11/2019 – TJX Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $60.00 price target on the stock. According to Zacks, “TJX Companies’ shares have gained year to date. We expect the company to deliver above-average performance in the near term on the back of its robust comps trend. Markedly, continuous rise in consumer traffic and strong merchandising policies are fueling comps. These along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving store and online performance. This was visible in the company’s second-quarter fiscal 2020 results, wherein customer traffic rose for the 20th straight time. Apart from these, we commend TJX Companies’ shareholder-friendly moves. However, the company has been witnessing high supply-chain costs, which have been weighing on the gross margin. Margins also remain susceptible to any rise in wage costs. Additionally, volatile currency movements are a threat.”
  • 10/4/2019 – TJX Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $57.00 price target on the stock. According to Zacks, “TJX Companies’ shares have gained year to date. We expect the company to deliver above-average performance in the near term on the back of its robust comps trend. Markedly, continuous rise in consumer traffic and strong merchandising policies are fueling comps. These along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving store and online performance. This was visible in the company’s second-quarter fiscal 2020 results, wherein customer traffic rose for the 20th straight time. Apart from these, we commend TJX Companies’ shareholder-friendly moves. However, the company has been witnessing high supply-chain costs, which have been weighing on the gross margin. Margins also remain susceptible to any rise in wage costs. Additionally, volatile currency movements are a threat.”

Shares of TJX stock traded down $0.55 on Tuesday, hitting $59.86. 1,838,746 shares of the company’s stock traded hands, compared to its average volume of 5,348,279. The stock has a market capitalization of $73.90 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.19 and a beta of 0.68. The company’s fifty day simple moving average is $59.39 and its 200 day simple moving average is $55.27. TJX Companies Inc has a one year low of $41.49 and a one year high of $61.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 1.22.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.31 billion. TJX Companies had a net margin of 7.70% and a return on equity of 57.63%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.54%. TJX Companies’s payout ratio is presently 43.60%.

In other news, CEO Ernie Herrman sold 127,296 shares of TJX Companies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $60.38, for a total value of $7,686,132.48. Following the completion of the transaction, the chief executive officer now owns 575,966 shares of the company’s stock, valued at approximately $34,776,827.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Architects Inc raised its holdings in shares of TJX Companies by 2.3% in the 3rd quarter. Financial Architects Inc now owns 7,534 shares of the apparel and home fashions retailer’s stock worth $420,000 after purchasing an additional 170 shares during the period. NewFocus Financial Group LLC raised its holdings in TJX Companies by 0.6% in the third quarter. NewFocus Financial Group LLC now owns 28,678 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after buying an additional 171 shares during the period. Grimes & Company Inc. raised its holdings in TJX Companies by 1.8% in the third quarter. Grimes & Company Inc. now owns 9,886 shares of the apparel and home fashions retailer’s stock valued at $551,000 after buying an additional 172 shares during the period. Aries Wealth Management raised its holdings in TJX Companies by 3.9% in the third quarter. Aries Wealth Management now owns 4,801 shares of the apparel and home fashions retailer’s stock valued at $281,000 after buying an additional 179 shares during the period. Finally, Landmark Bank lifted its position in TJX Companies by 0.3% during the third quarter. Landmark Bank now owns 56,348 shares of the apparel and home fashions retailer’s stock valued at $3,141,000 after buying an additional 191 shares in the last quarter. 88.63% 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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