TJX Companies’ (TJX) Buy Rating Reaffirmed at Evercore ISI

Evercore ISI reissued their buy rating on shares of TJX Companies (NYSE:TJX) in a report released on Thursday, AnalystRatings.com reports. The firm currently has a $70.00 price objective on the apparel and home fashions retailer’s stock.

A number of other analysts also recently weighed in on TJX. ValuEngine downgraded TJX Companies from a sell rating to a strong sell rating in a report on Monday, November 4th. Barclays began coverage on TJX Companies in a report on Tuesday, November 12th. They issued an overweight rating and a $66.00 price objective for the company. Loop Capital increased their price objective on TJX Companies to $69.00 and gave the company a buy rating in a report on Wednesday. Bank of America set a $65.00 price objective on TJX Companies and gave the company a buy rating in a report on Wednesday, August 21st. Finally, MKM Partners increased their price objective on TJX Companies to $70.00 and gave the company a buy rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $64.15.

NYSE TJX traded up $0.06 on Thursday, reaching $59.18. The company had a trading volume of 6,192,280 shares, compared to its average volume of 5,845,738. The firm has a market cap of $73.31 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.19 and a beta of 0.67. TJX Companies has a fifty-two week low of $41.49 and a fifty-two week high of $61.69. The business has a 50 day moving average of $58.44 and a two-hundred day moving average of $54.91. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. The business had revenue of $10.45 billion during the quarter, compared to the consensus estimate of $10.31 billion. TJX Companies had a return on equity of 58.70% and a net margin of 7.70%. TJX Companies’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, research analysts predict that TJX Companies will post 2.63 earnings per share for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.

A number of institutional investors and hedge funds have recently modified their holdings of TJX. MUFG Americas Holdings Corp boosted its position in shares of TJX Companies by 2.6% during the 3rd quarter. MUFG Americas Holdings Corp now owns 209,068 shares of the apparel and home fashions retailer’s stock worth $11,653,000 after purchasing an additional 5,245 shares in the last quarter. Financial Architects Inc boosted its position in shares of TJX Companies by 2.3% during the 3rd quarter. Financial Architects Inc now owns 7,534 shares of the apparel and home fashions retailer’s stock worth $420,000 after purchasing an additional 170 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of TJX Companies by 5.6% during the 3rd quarter. Cetera Advisors LLC now owns 25,832 shares of the apparel and home fashions retailer’s stock worth $1,438,000 after purchasing an additional 1,380 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in shares of TJX Companies by 8.7% during the 3rd quarter. Cetera Advisor Networks LLC now owns 22,480 shares of the apparel and home fashions retailer’s stock worth $1,251,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of TJX Companies by 3.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 12,559 shares of the apparel and home fashions retailer’s stock worth $700,000 after purchasing an additional 384 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

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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