The TJX Cos. (TJX) Price Target Cut to $80.00 by Analysts at RBC Capital Markets
The TJX Cos. (NYSE:TJX) had its target price dropped by stock analysts at RBC Capital Markets from $84.00 to $80.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. RBC Capital Markets’ price target indicates a potential upside of 8.86% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Nomura restated a “buy” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Friday, September 30th. Finally, Zacks Investment Research upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $82.99.
The TJX Cos. (NYSE:TJX) opened at 73.49 on Wednesday. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The firm has a market cap of $48.26 billion, a price-to-earnings ratio of 21.34 and a beta of 0.69. The stock’s 50 day moving average is $73.97 and its 200-day moving average is $76.57.
The TJX Cos. (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The TJX Cos.’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that The TJX Cos. will post $3.48 earnings per share for the current fiscal 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 paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is currently 30.15%.
Several large investors have recently bought and sold shares of TJX. Global X Management Co. LLC increased its stake 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 valued at $109,000 after buying an additional 827 shares during 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 during 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. 87.81% of the stock is owned by institutional investors.
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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