Cowen set a $88.00 price objective on TJX Companies (NYSE:TJX) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.
TJX has been the subject of several other research reports. Goldman Sachs Group cut TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 price target for the company. in a research note on Tuesday, December 5th. Citigroup decreased their price target on TJX Companies from $88.00 to $81.00 and set a buy rating for the company in a research note on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price target on TJX Companies and gave the company a buy rating in a research note on Tuesday, November 14th. Instinet reissued a buy rating and issued a $80.00 price target (down previously from $83.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Finally, MKM Partners reissued a buy rating and issued a $87.00 price target on shares of TJX Companies in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $82.15.
TJX Companies (NYSE:TJX) opened at $74.17 on Wednesday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market capitalization of $46,894.75, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. equities analysts forecast that TJX Companies will post 3.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.69%. TJX Companies’s payout ratio is 33.78%.
Institutional investors have recently made changes to their positions in the stock. Zions Bancorporation boosted its position in shares of TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares in the last quarter. Jacobi Capital Management LLC boosted its position in shares of TJX Companies by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $141,000. Mosaic Family Wealth LLC boosted its position in shares of TJX Companies by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of TJX Companies by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.
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TJX Companies 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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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