Robert W. Baird Boosts TJX Companies (NYSE:TJX) Price Target to $113.00

TJX Companies (NYSE:TJX) had its price objective increased by Robert W. Baird from $110.00 to $113.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Evercore ISI set a $113.00 price target on TJX Companies in a research report on Tuesday, May 21st. UBS Group raised TJX Companies from a neutral rating to a buy rating and lifted their price objective for the company from $104.00 to $132.00 in a research note on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an outperform rating in a report on Thursday, February 29th. Finally, Redburn Atlantic cut TJX Companies from a buy rating to a neutral rating and set a $100.00 price objective on the stock. in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $110.05.

TJX Companies Trading Up 2.0 %

Shares of TJX opened at $102.14 on Thursday. TJX Companies has a fifty-two week low of $75.65 and a fifty-two week high of $104.98. The stock has a fifty day moving average of $97.27 and a two-hundred day moving average of $95.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.64 and a current ratio of 1.23. The company has a market capitalization of $115.72 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.87.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, analysts forecast that TJX Companies will post 4.08 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is presently 37.22%.

TJX Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in TJX Companies during the 4th quarter valued at $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $28,000. First Pacific Financial bought a new stake in shares of TJX Companies in the 1st quarter worth $29,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.