The TJX Cos. (TJX) Price Target Increased to $80.00 by Analysts at Telsey Advisory Group
The TJX Cos. (NYSE:TJX) had its price objective lifted by Telsey Advisory Group from $78.00 to $80.00 in a report released on Wednesday morning. They currently have a market perform rating on the apparel and home fashions retailer’s stock.
TJX has been the topic of several other research reports. Wedbush upped their price objective on The TJX Cos. from $82.00 to $84.00 and gave the company an outperform rating in a research note on Wednesday, August 17th. Zacks Investment Research cut The TJX Cos. from a hold rating to a sell rating in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. restated a buy rating and set a $92.00 price objective on shares of The TJX Cos. in a research note on Monday, August 1st. JPMorgan Chase & Co. restated an overweight rating and set a $85.00 price objective on shares of The TJX Cos. in a research note on Wednesday, October 12th. Finally, Jefferies Group set a $75.00 price objective on The TJX Cos. and gave the company a hold rating in a research note on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $82.99.
Shares of The TJX Cos. (NYSE:TJX) traded up 0.27% on Wednesday, reaching $76.60. 1,741,495 shares of the company’s stock were exchanged. The stock has a market cap of $50.30 billion, a price-to-earnings ratio of 22.24 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 company’s 50 day moving average is $73.90 and its 200-day moving average is $76.53.
The TJX Cos. (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ 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 in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that The TJX Cos. will post $3.48 EPS for the current year.
The firm 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio is 30.15%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC boosted its position in shares of 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 shares of 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. acquired a new position in shares of The TJX Cos. during the second quarter worth approximately $131,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of The TJX Cos. during the second quarter worth approximately $131,000. Finally, Westbourne Investment Advisors Inc. acquired a new position in shares of The TJX Cos. during the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 87.81% 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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