The TJX Cos. (TJX) Receives “Buy” Rating from Guggenheim
The TJX Cos. (NYSE:TJX)‘s stock had its “buy” rating restated by stock analysts at Guggenheim in a research report issued on Friday.
A number of other research firms also recently commented on TJX. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a report on Monday, August 1st. Zacks Investment Research raised The TJX Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a report on Thursday, August 18th. Morgan Stanley reaffirmed a “hold” rating and set a $77.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.36.
Shares of The TJX Cos. (NYSE:TJX) traded up 1.43% during midday trading on Friday, hitting $74.93. 1,554,565 shares of the company were exchanged. The stock has a market capitalization of $49.20 billion, a price-to-earnings ratio of 21.76 and a beta of 0.58. The company has a 50-day moving average price of $77.17 and a 200-day moving average price of $77.33. The TJX Cos. has a 52-week low of $63.53 and a 52-week high of $83.64.
The TJX Cos. (NYSE:TJX) last released its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The company earned $7.88 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same quarter last year, the company earned $0.80 earnings per share. The TJX Cos.’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that The TJX Cos. will post $3.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio is presently 30.15%.
A number of institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its position in The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock worth $109,000 after buying an additional 827 shares in the last quarter. Signaturefd LLC boosted its position in The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock worth $127,000 after buying an additional 63 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in The TJX Cos. during the second quarter worth $131,000. Point72 Asia Hong Kong Ltd bought a new position in The TJX Cos. during the second quarter worth $131,000. Finally, Westbourne Investment Advisors Inc. bought a new position in The TJX Cos. during the second quarter worth $143,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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