TJX Companies Inc (NYSE:TJX) has been given a consensus recommendation of “Buy” by the twenty-four research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $58.28.
Several analysts have recently weighed in on TJX shares. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Cowen set a $63.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, June 4th. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price target on the stock. Nomura raised their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Robert W. Baird initiated coverage on shares of TJX Companies in a research note on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective on the stock.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the sale, the executive vice president now directly owns 117,228 shares in the company, valued at $6,019,657.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David T. Ching sold 20,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,480 shares of company stock worth $2,494,248. Insiders own 0.18% of the company’s stock.
Shares of TJX traded up $0.83 during trading hours on Friday, reaching $56.69. 5,366,449 shares of the company traded hands, compared to its average volume of 5,468,619. The firm has a fifty day moving average of $52.71. The firm has a market cap of $67.74 billion, a PE ratio of 23.52, a P/E/G ratio of 1.95 and a beta of 0.72. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. TJX Companies has a 1-year low of $41.49 and a 1-year high of $56.74.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts predict that TJX Companies will post 2.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.62%. TJX Companies’s payout ratio is presently 43.60%.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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