TJX Companies (TJX) Rating Reiterated by Nomura

Nomura reissued their buy rating on shares of TJX Companies (NYSE:TJX) in a research note published on Wednesday morning, MarketBeat reports. They currently have a $87.00 price objective on the apparel and home fashions retailer’s stock, up from their prior price objective of $75.00.

Several other brokerages have also recently commented on TJX. Zacks Investment Research upgraded TJX Companies from a hold rating to a buy rating and set a $82.00 price target for the company in a research report on Tuesday, October 10th. Morgan Stanley dropped their price target on TJX Companies from $86.00 to $85.00 and set an overweight rating for the company in a research report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on TJX Companies and gave the stock an outperform rating in a research report on Tuesday, November 14th. Jefferies Group reiterated a hold rating and set a $75.00 price target on shares of TJX Companies in a research report on Thursday, September 28th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the stock a buy rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $82.55.

Shares of TJX Companies (NYSE:TJX) traded up $0.67 on Wednesday, hitting $77.25. The company had a trading volume of 2,537,364 shares, compared to its average volume of 4,050,000. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies has a 52-week low of $66.44 and a 52-week high of $80.92. The stock has a market capitalization of $49,150.00, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting 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 firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts predict that TJX Companies will post 3.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.

Institutional investors have recently made changes to their positions in the company. Scotia Capital Inc. lifted its stake in shares of TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after purchasing an additional 4,661 shares during the last quarter. Northern Capital Management LLC lifted its stake in shares of TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after purchasing an additional 13,750 shares during the last quarter. Tillar Wenstrup Advisors LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $2,083,000. Gofen & Glossberg LLC IL lifted its stake in shares of TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after purchasing an additional 2,835 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in shares of TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after purchasing an additional 17,436 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors and hedge funds.

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TJX Companies Company Profile

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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