TJX Companies (NYSE:TJX) Earns “Outperform” Rating from Telsey Advisory Group

by · The Cerbat Gem

Telsey Advisory Group reiterated their outperform rating on shares of TJX Companies (NYSE:TJX – Free Report) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $134.00 price target on the apparel and home fashions retailer’s stock.

Other research analysts have also issued research reports about the stock. UBS Group increased their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen boosted their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

View Our Latest Stock Report on TJX

TJX Companies Trading Up 0.1 %

Shares of TJX Companies stock opened at $119.97 on Wednesday. The company’s fifty day simple moving average is $116.33 and its 200-day simple moving average is $111.56. TJX Companies has a 1 year low of $87.26 and a 1 year high of $122.10. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the business posted $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that TJX Companies will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is presently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of hedge funds have recently modified their holdings of TJX. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

(Get Free Report)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.

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