Cowen Reiterates “$88.00” Price Target for TJX Companies (TJX)

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.

COPYRIGHT VIOLATION NOTICE: “Cowen Reiterates “$88.00” Price Target for TJX Companies (TJX)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/12/17/cowen-reiterates-88-00-price-target-for-tjx-companies-tjx.html.

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.

Analyst Recommendations for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply