TJX Companies (NYSE:TJX) had its price objective hoisted by Loop Capital to $65.00 in a report published on Thursday, October 17th, The Fly reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.
A number of other research firms have also weighed in on TJX. Cowen set a $62.00 price objective on TJX Companies and gave the stock a buy rating in a research note on Tuesday, August 20th. Bank of America set a $65.00 target price on TJX Companies and gave the stock a buy rating in a research report on Wednesday, August 21st. Argus reiterated a buy rating on shares of TJX Companies in a research report on Wednesday, July 3rd. ValuEngine downgraded TJX Companies from a sell rating to a strong sell rating in a research report on Monday, September 16th. Finally, UBS Group upgraded TJX Companies from a sell rating to a neutral rating and boosted their target price for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $60.17.
NYSE:TJX traded down $0.07 during mid-day trading on Thursday, hitting $59.23. 2,262,721 shares of the company traded hands, compared to its average volume of 5,843,974. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The stock’s fifty day moving average price is $57.44 and its 200-day moving average price is $54.64. TJX Companies has a one year low of $41.49 and a one year high of $60.89.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. Equities analysts predict that TJX Companies will post 2.61 EPS for the current year.
The firm also recently declared a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 1.7%. TJX Companies’s payout ratio is 43.60%.
Several hedge funds and other institutional investors have recently modified their holdings of TJX. Krane Funds Advisors LLC bought a new stake in TJX Companies during the 2nd quarter valued at $25,000. Prestige Wealth Management Group LLC bought a new stake in TJX Companies during the 2nd quarter valued at $25,000. Strategic Blueprint LLC bought a new stake in TJX Companies during the 3rd quarter valued at $32,000. Capital Advisors Ltd. LLC boosted its position in TJX Companies by 202.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 393 shares in the last quarter. Finally, Bridger Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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