Loop Capital Reiterates “$150.00” Price Target for TJX Companies (NYSE:TJX)

Loop Capital set a $150.00 target price on TJX Companies (NYSE:TJX) in a research report report published on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research report on Wednesday. TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Robert W. Baird increased their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday. Finally, Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.65.

TJX Companies Stock Performance

TJX Companies stock opened at $125.77 on Thursday. The company has a market cap of $140.49 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. TJX Companies has a twelve month low of $101.01 and a twelve month high of $135.85. The company’s 50-day moving average price is $126.00 and its 200-day moving average price is $123.58. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities research analysts forecast that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is 39.91%.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. lifted its stake in shares of TJX Companies by 16.5% in 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 buying an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of TJX Companies by 10.1% in 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 buying an additional 67,853 shares in the last quarter. Ethic Inc. lifted its stake in shares of TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after buying an additional 29,158 shares in the last quarter. Fiduciary Trust Co lifted its stake in shares of TJX Companies by 5.2% in 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 buying an additional 144,113 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in shares of TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after buying an additional 13,036 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other 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.