TJX Companies (NYSE:TJX) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of TJX Companies (NYSE:TJX) in a research note published on Wednesday,Benzinga reports. The brokerage currently has a $134.00 price objective on the apparel and home fashions retailer’s stock.

Several other brokerages also recently weighed in on TJX. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. UBS Group upped their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen increased their target price on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Up 0.2 %

Shares of NYSE:TJX opened at $119.74 on Wednesday. TJX Companies has a 1 year low of $87.44 and a 1 year high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock’s 50-day moving average is $116.46 and its 200 day moving average is $112.09. The company has a market cap of $135.05 billion, a PE ratio of 28.92, a P/E/G ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the company earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that TJX Companies will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

Several institutional investors have recently added to or reduced their stakes in the stock. Hartford Funds Management Co LLC boosted its position in shares of TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after buying an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its position in shares of TJX Companies by 0.3% during the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares in the last quarter. Dearborn Partners LLC boosted its holdings in TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC grew its position in TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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.