TJX Companies (NYSE:TJX) Price Target Raised to $66.00

TJX Companies (NYSE:TJX) had its price target increased by Guggenheim from $60.00 to $66.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

Other equities analysts have also issued reports about the company. Cowen set a $62.00 price target on TJX Companies and gave the company a buy rating in a research note on Tuesday, August 20th. Zacks Investment Research raised TJX Companies from a sell rating to a hold rating and set a $64.00 price objective for the company in a research note on Friday, October 18th. MKM Partners set a $62.00 price objective on TJX Companies and gave the company a buy rating in a research note on Wednesday, August 21st. Nomura initiated coverage on TJX Companies in a research note on Thursday, November 7th. They issued a buy rating and a $65.00 price objective for the company. Finally, Barclays initiated coverage on TJX Companies in a research note on Tuesday, November 12th. They issued an overweight rating and a $66.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $61.35.

TJX Companies stock traded down $0.27 during midday trading on Thursday, reaching $59.55. 6,745,196 shares of the stock traded hands, compared to its average volume of 5,801,385. The stock’s fifty day moving average is $57.90 and its 200-day moving average is $54.76. TJX Companies has a 12 month low of $41.49 and a 12 month high of $60.89. The stock has a market cap of $71.54 billion, a P/E ratio of 28.22, a PEG ratio of 2.13 and a beta of 0.67. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of TJX. Bath Savings Trust Co raised its holdings in shares of TJX Companies by 2.0% in the second quarter. Bath Savings Trust Co now owns 405,849 shares of the apparel and home fashions retailer’s stock worth $21,461,000 after buying an additional 8,030 shares during the period. First Financial Bank Trust Division increased its holdings in TJX Companies by 1.6% during the 2nd quarter. First Financial Bank Trust Division now owns 150,616 shares of the apparel and home fashions retailer’s stock worth $7,965,000 after purchasing an additional 2,309 shares during the period. Park National Corp OH increased its holdings in TJX Companies by 17.4% during the 2nd quarter. Park National Corp OH now owns 122,960 shares of the apparel and home fashions retailer’s stock worth $6,502,000 after purchasing an additional 18,263 shares during the period. Beese Fulmer Investment Management Inc. purchased a new position in TJX Companies during the 2nd quarter worth $4,122,000. Finally, Carroll Financial Associates Inc. increased its holdings in TJX Companies by 6.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 8,716 shares of the apparel and home fashions retailer’s stock worth $460,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

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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The Fly

Analyst Recommendations for TJX Companies (NYSE:TJX)

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