TJX Companies Inc (TJX) Receives Consensus Recommendation of “Buy” from Analysts

TJX Companies Inc (NYSE:TJX) has been assigned an average recommendation of “Buy” from the twenty-one analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $82.16.

Several analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. Cowen set a $88.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research report on Tuesday, December 5th. Nomura dropped their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Morgan Stanley dropped their price target on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th.

TJX Companies (NYSE:TJX) traded up $0.08 during trading on Tuesday, hitting $76.46. The stock had a trading volume of 2,375,200 shares, compared to its average volume of 4,198,741. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market cap of $48,800.00, a P/E ratio of 20.66, a P/E/G ratio of 1.83 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. sell-side analysts forecast that TJX Companies will post 3.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after acquiring an additional 708,532 shares in the last quarter. BlackRock Inc. boosted its stake in shares of TJX Companies by 4.8% during the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after acquiring an additional 1,996,874 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of TJX Companies by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after acquiring an additional 51,364 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of TJX Companies by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after acquiring an additional 4,994,846 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of TJX Companies by 15.1% during the 2nd quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock worth $415,025,000 after acquiring an additional 754,894 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

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About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Analyst Recommendations for TJX Companies (NYSE:TJX)

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