The TJX Cos. (TJX) PT Lowered to $86.00
The TJX Cos. (NYSE:TJX) had its price target decreased by equities research analysts at Stifel Nicolaus from $92.00 to $86.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the apparel and home fashions retailer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 11.54% from the stock’s previous close.
Other analysts also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating and issued a $85.00 price objective on shares of The TJX Cos. in a report on Thursday, August 18th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a report on Monday, August 1st. Wedbush lifted their price objective on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Morgan Stanley restated a “hold” rating and issued a $77.00 price objective on shares of The TJX Cos. in a report on Wednesday, August 17th. Finally, Telsey Advisory Group lifted their target price on The TJX Cos. from $78.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.99.
The TJX Cos. (NYSE:TJX) opened at 77.10 on Wednesday. The company has a market cap of $50.63 billion, a PE ratio of 22.39 and a beta of 0.69. The firm’s 50-day moving average is $73.90 and its 200 day moving average is $76.53. The TJX Cos. has a 1-year low of $65.64 and a 1-year high of $83.64.
The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm earned $8.29 billion during the quarter, compared to the consensus estimate of $8.23 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Analysts predict that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is 30.15%.
Several hedge funds have recently modified their holdings of TJX. Global X Management Co. LLC boosted its stake 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 valued at $109,000 after buying an additional 827 shares during the last quarter. Signaturefd LLC boosted its stake 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 valued at $127,000 after buying an additional 63 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of The TJX Cos. during the second quarter valued at approximately $131,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of The TJX Cos. during the second quarter valued at approximately $131,000. Finally, Westbourne Investment Advisors Inc. purchased a new stake in shares of The TJX Cos. during the second quarter valued at 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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