TJX Companies (NYSE:TJX) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of TJX Companies (NYSE:TJXGet Rating) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $70.00 target price on the apparel and home fashions retailer’s stock.

A number of other analysts also recently commented on TJX. Gordon Haskett downgraded TJX Companies from a buy rating to a hold rating and reduced their price objective for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. Robert W. Baird reduced their price objective on TJX Companies from $78.00 to $74.00 and set an outperform rating for the company in a research report on Thursday, May 19th. Barclays raised their price objective on TJX Companies from $82.00 to $85.00 and gave the stock an overweight rating in a research report on Wednesday, April 13th. Credit Suisse Group raised their price objective on TJX Companies from $73.00 to $75.00 and gave the stock an outperform rating in a research report on Thursday, May 19th. Finally, Morgan Stanley cut their target price on TJX Companies from $80.00 to $75.00 and set an overweight rating for the company in a research report on Monday, July 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of Moderate Buy and an average price target of $76.50.

TJX Companies Stock Performance

TJX opened at $62.82 on Tuesday. The firm has a market capitalization of $73.60 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The stock’s 50 day moving average price is $60.02 and its two-hundred day moving average price is $62.38. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.60. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last released its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.58 billion. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, equities analysts forecast that TJX Companies will post 3.13 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.18 annualized dividend and a dividend yield of 1.88%. TJX Companies’s dividend payout ratio (DPR) is currently 42.91%.

Insider Activity

In other news, EVP Richard Sherr sold 46,997 shares of TJX Companies stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total value of $2,925,563.25. Following the completion of the sale, the executive vice president now directly owns 104,127 shares of the company’s stock, valued at approximately $6,481,905.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Richard Sherr sold 46,997 shares of TJX Companies stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the sale, the executive vice president now directly owns 104,127 shares of the company’s stock, valued at $6,481,905.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 30,000 shares of TJX Companies stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $62.03, for a total value of $1,860,900.00. Following the sale, the chief financial officer now directly owns 119,127 shares of the company’s stock, valued at $7,389,447.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,824 shares of company stock valued at $6,973,343. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC grew its stake in TJX Companies by 119.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 246 shares during the period. Financial Management Professionals Inc. grew its stake in TJX Companies by 117.7% in the second quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 253 shares during the period. Winch Advisory Services LLC grew its stake in TJX Companies by 413.3% in the fourth quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 310 shares during the period. Sandy Cove Advisors LLC acquired a new position in TJX Companies in the fourth quarter valued at about $30,000. Finally, Intelligent Financial Strategies bought a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. 91.45% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

(Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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