The TJX Cos. (TJX) Given Hold Rating at Jefferies Group
Jefferies Group restated their hold rating on shares of The TJX Cos. (NYSE:TJX) in a research note published on Wednesday morning. The brokerage currently has a $77.00 price objective on the apparel and home fashions retailer’s stock.
Several other equities research analysts have also recently issued reports on the company. Wedbush raised their price objective on The TJX Cos. from $84.00 to $85.00 and gave the stock an outperform rating in a report on Wednesday. Stifel Nicolaus decreased their price objective on The TJX Cos. from $92.00 to $86.00 and set a buy rating on the stock in a report on Wednesday. Telsey Advisory Group raised their price objective on The TJX Cos. from $78.00 to $80.00 and gave the stock a market perform rating in a report on Wednesday. Zacks Investment Research cut The TJX Cos. from a buy rating to a hold rating in a report on Monday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and issued a $85.00 target price on shares of The TJX Cos. in a research report on Wednesday, October 12th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $82.99.
The TJX Cos. (NYSE:TJX) traded down 0.03% on Wednesday, hitting $76.37. The stock had a trading volume of 2,284,241 shares. The company’s 50-day moving average is $73.90 and its 200-day moving average is $76.53. The stock has a market cap of $50.15 billion, a P/E ratio of 22.17 and a beta of 0.69. The TJX Cos. has a one year low of $65.64 and a one year high of $83.64.
The TJX Cos. (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.36%. The TJX Cos.’s payout ratio is currently 30.15%.
A number of institutional investors have recently modified their holdings of TJX. FMR LLC increased its position in shares of The TJX Cos. by 0.7% in the second quarter. FMR LLC now owns 46,045,016 shares of the apparel and home fashions retailer’s stock worth $3,556,057,000 after buying an additional 333,779 shares during the last quarter. Vanguard Group Inc. increased its position in shares of The TJX Cos. by 0.6% in the second quarter. Vanguard Group Inc. now owns 43,360,847 shares of the apparel and home fashions retailer’s stock worth $3,348,757,000 after buying an additional 239,983 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of The TJX Cos. by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 18,773,971 shares of the apparel and home fashions retailer’s stock worth $1,449,914,000 after buying an additional 652,818 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of The TJX Cos. by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 13,526,285 shares of the apparel and home fashions retailer’s stock worth $1,011,496,000 after buying an additional 2,996,299 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in The TJX Cos. by 2.6% in the third quarter. BlackRock Fund Advisors now owns 10,334,613 shares of the apparel and home fashions retailer’s stock worth $772,822,000 after buying an additional 260,401 shares during the period. Institutional investors own 87.81% of the company’s stock.
About The TJX Cos.
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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