Morgan Stanley Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price target upped by Morgan Stanley from $130.00 to $135.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the apparel and home fashions retailer’s stock.

Several other brokerages have also issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Trading Up 0.1 %

TJX opened at $122.75 on Tuesday. The business has a 50 day simple moving average of $122.73 and a two-hundred day simple moving average of $117.75. The firm has a market capitalization of $137.98 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. TJX Companies has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. Analysts predict that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Hedge Funds Weigh In On TJX Companies

Institutional investors have recently bought and sold shares of the stock. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter worth $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter worth $30,000. 91.09% of the stock is 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.