Brokerages Set TJX Companies, Inc. (The) (TJX) Price Target at $82.76

TJX Companies, Inc. (The) (NYSE:TJX) has received a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $82.76.

TJX has been the topic of a number of research analyst reports. Morgan Stanley raised TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price target (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Nomura reaffirmed a “buy” rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th.

Shares of TJX Companies, Inc. (TJX) traded up 0.11% during mid-day trading on Wednesday, hitting $72.38. The stock had a trading volume of 2,824,732 shares. The firm has a 50 day moving average of $70.49 and a 200-day moving average of $74.52. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $80.92. The stock has a market cap of $46.05 billion, a P/E ratio of 20.49 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were given a $0.3125 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

A number of large investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the first quarter worth approximately $130,000. Jacobi Capital Management LLC increased its stake in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in TJX Companies, Inc. (The) during the second quarter worth approximately $141,000. Finally, Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

WARNING: This piece was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/09/17/brokerages-set-tjx-companies-inc-the-tjx-price-target-at-82-76.html.

TJX Companies, Inc. (The) 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, Inc. (The) (NYSE:TJX)

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply