TJX Companies (NYSE:TJX) Hits New 1-Year High – Time to Buy?

The TJX Companies, Inc. (NYSE:TJX)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $160.46 and last traded at $157.3920, with a volume of 526218 shares traded. The stock had previously closed at $158.23.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a report on Wednesday, December 17th. BTIG Research reiterated a “buy” rating and issued a $165.00 price target on shares of TJX Companies in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research report on Thursday, January 8th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Price Performance

The stock has a market capitalization of $173.25 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $154.62 and its two-hundred day simple moving average is $146.90.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Institutional Trading of TJX Companies

Several large investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after buying an additional 152,453 shares during the last quarter. Empowered Funds LLC boosted its position in shares of TJX Companies by 66.6% during the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after acquiring an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. grew its holdings in shares of TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares in the last quarter. Wealthfront Advisers LLC increased its position in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its position in TJX Companies by 45.7% during the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after purchasing an additional 25,534 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.