Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $141.53

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $141.53.

Several research analysts have weighed in on TJX shares. Barclays reiterated an “overweight” rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th.

TJX Companies Stock Down 1.6%

TJX opened at $122.59 on Thursday. TJX Companies has a 1-year low of $107.71 and a 1-year high of $135.85. The stock’s fifty day simple moving average is $127.40 and its 200 day simple moving average is $124.07. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $136.95 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. As a group, research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shell Asset Management Co. grew its holdings in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after purchasing an additional 4,128 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. grew its holdings in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock worth $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $433,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.