TJX Companies (NYSE:TJX) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of TJX Companies (NYSE:TJXGet Rating) from a hold rating to a buy rating in a research note published on Monday morning.

Other research analysts also recently issued research reports about the stock. Loop Capital upped their price objective on shares of TJX Companies from $60.00 to $65.00 in a report on Friday, August 19th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $70.00 to $74.00 and gave the stock an equal weight rating in a report on Thursday, November 17th. Gordon Haskett upgraded shares of TJX Companies from a hold rating to a buy rating and set a $80.00 target price for the company in a research note on Thursday, November 10th. TheStreet upgraded shares of TJX Companies from a c+ rating to a b rating in a research note on Thursday, August 18th. Finally, Credit Suisse Group upped their target price on shares of TJX Companies from $70.00 to $85.00 and gave the stock an outperform rating in a research note on Thursday, November 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $82.42.

TJX Companies Stock Performance

TJX opened at $80.54 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $68.49 and its two-hundred day moving average price is $63.79. TJX Companies has a 1-year low of $53.69 and a 1-year high of $80.86. The company has a market cap of $93.51 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.46 and a beta of 0.90.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.18 annualized dividend and a yield of 1.47%. TJX Companies’s payout ratio is currently 41.11%.

Insider Activity at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 16,223 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $79.79, for a total transaction of $1,294,433.17. Following the completion of the transaction, the chairman now owns 209,390 shares in the company, valued at $16,707,228.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the transaction, the chief executive officer now owns 696,439 shares in the company, valued at $45,895,330.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 16,223 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total transaction of $1,294,433.17. Following the transaction, the chairman now owns 209,390 shares of the company’s stock, valued at approximately $16,707,228.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,513 shares of company stock worth $5,718,833. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its position in TJX Companies by 83.8% during the third quarter. IHT Wealth Management LLC now owns 7,578 shares of the apparel and home fashions retailer’s stock worth $471,000 after purchasing an additional 3,455 shares during the period. MFA Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 25.9% in the third quarter. MFA Wealth Advisors LLC now owns 42,623 shares of the apparel and home fashions retailer’s stock worth $2,648,000 after buying an additional 8,767 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of TJX Companies in the third quarter worth about $18,430,000. National Pension Service lifted its holdings in shares of TJX Companies by 1.9% in the third quarter. National Pension Service now owns 1,804,561 shares of the apparel and home fashions retailer’s stock worth $110,692,000 after buying an additional 34,370 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of TJX Companies by 2.6% in the third quarter. CENTRAL TRUST Co now owns 48,865 shares of the apparel and home fashions retailer’s stock worth $3,036,000 after buying an additional 1,253 shares in the last quarter. Institutional investors own 90.42% of the company’s stock.

About TJX Companies

(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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