TD Cowen Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price objective raised by TD Cowen from $125.00 to $130.00 in a research note published on Friday,Benzinga reports. TD Cowen currently has a buy rating on the apparel and home fashions retailer’s stock.

TJX has been the topic of several other reports. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. UBS Group lifted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Up 0.1 %

Shares of NYSE TJX traded up $0.06 during midday trading on Friday, hitting $119.97. 5,103,496 shares of the stock traded hands, compared to its average volume of 4,488,200. The company has a market cap of $135.31 billion, a PE ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89. TJX Companies has a one year low of $87.26 and a one year high of $122.10. The business has a 50 day moving average price of $116.33 and a two-hundred day moving average price of $111.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last announced 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 firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts predict that TJX Companies will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

A number of hedge funds have recently bought and sold shares of TJX. Tocqueville Asset Management L.P. bought a new stake in shares of TJX Companies in the 1st quarter worth about $218,000. Westfield Capital Management Co. LP grew its position in shares of TJX Companies by 7.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 65,133 shares of the apparel and home fashions retailer’s stock valued at $6,606,000 after buying an additional 4,635 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of TJX Companies by 6.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 24,701 shares of the apparel and home fashions retailer’s stock valued at $2,505,000 after buying an additional 1,584 shares during the last quarter. Patten & Patten Inc. TN grew its position in shares of TJX Companies by 6.1% during the 1st quarter. Patten & Patten Inc. TN now owns 156,079 shares of the apparel and home fashions retailer’s stock valued at $15,830,000 after buying an additional 9,017 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in TJX Companies by 1.7% in the 1st quarter. Jacobi Capital Management LLC now owns 9,214 shares of the apparel and home fashions retailer’s stock worth $934,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

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.