Loop Capital Raises TJX Companies (NYSE:TJX) Price Target to $65.00

TJX Companies (NYSE:TJX) had its target price upped by Loop Capital to $65.00 in a research report report published on Thursday morning, The Fly reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

Several other equities analysts have also commented on the company. Bank of America set a $65.00 target price on TJX Companies and gave the company a buy rating in a research note on Wednesday, August 21st. Zacks Investment Research upgraded TJX Companies from a sell rating to a hold rating and set a $60.00 price target for the company in a research note on Friday, October 11th. DA Davidson set a $65.00 price target on TJX Companies and gave the stock a buy rating in a research note on Wednesday, August 21st. MKM Partners set a $62.00 price target on TJX Companies and gave the stock a buy rating in a research note on Wednesday, August 21st. Finally, ValuEngine lowered TJX Companies from a sell rating to a strong sell rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. TJX Companies presently has a consensus rating of Buy and an average price target of $59.89.

TJX Companies stock opened at $60.36 on Thursday. The firm has a market capitalization of $73.13 billion, a P/E ratio of 28.61, a PEG ratio of 2.18 and a beta of 0.68. The stock has a fifty day moving average price of $56.15 and a 200 day moving average price of $54.13. TJX Companies has a 52 week low of $41.49 and a 52 week high of $60.89. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts predict that TJX Companies will post 2.61 EPS for the current year.

The business also recently announced a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.23 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s payout ratio is 43.60%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.7% in the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock worth $5,228,784,000 after buying an additional 1,697,819 shares during the period. BlackRock Inc. boosted its position in shares of TJX Companies by 6.1% in the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock worth $4,815,108,000 after buying an additional 5,274,627 shares during the period. Fiera Capital Corp boosted its position in shares of TJX Companies by 3.2% in the second quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock worth $687,008,000 after buying an additional 404,764 shares during the period. Invesco Ltd. boosted its position in shares of TJX Companies by 1.9% in the second quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock worth $557,803,000 after buying an additional 197,115 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of TJX Companies by 21.3% in the second quarter. California Public Employees Retirement System now owns 9,691,809 shares of the apparel and home fashions retailer’s stock worth $512,503,000 after buying an additional 1,701,891 shares during the period. 89.34% of the stock is owned by institutional investors.

TJX Companies Company Profile

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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Analyst Recommendations for TJX Companies (NYSE:TJX)

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