TJX Companies (TJX) Price Target Increased to $92.00 by Analysts at Telsey Advisory Group

TJX Companies (NYSE:TJX) had its price target upped by Telsey Advisory Group from $84.00 to $92.00 in a report released on Wednesday morning, Marketbeat reports. The brokerage currently has a market perform rating on the apparel and home fashions retailer’s stock.

A number of other research analysts also recently commented on the stock. Loop Capital set a $84.00 price objective on shares of TJX Companies and gave the company a hold rating in a research note on Tuesday, May 22nd. OTR Global began coverage on shares of TJX Companies in a research note on Tuesday, May 8th. They set a positive rating for the company. Deutsche Bank began coverage on shares of TJX Companies in a research note on Monday, April 30th. They set a buy rating and a $98.00 price objective for the company. Cowen reaffirmed a buy rating and set a $98.00 price objective on shares of TJX Companies in a research note on Monday, April 9th. Finally, Credit Suisse Group began coverage on shares of TJX Companies in a research note on Monday, March 12th. They set a neutral rating and a $85.00 price objective for the company. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $89.00.

NYSE TJX opened at $88.11 on Wednesday. TJX Companies has a 12 month low of $66.44 and a 12 month high of $89.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.69 and a quick ratio of 0.84. The stock has a market cap of $55.24 billion, a PE ratio of 20.26, a P/E/G ratio of 1.72 and a beta of 0.66.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The company had revenue of $8.67 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts expect that TJX Companies will post 4.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, May 16th. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s dividend payout ratio is 38.61%.

TJX Companies declared that its board has authorized a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other TJX Companies news, EVP Richard Sherr sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $83.67, for a total value of $1,673,400.00. Following the completion of the transaction, the executive vice president now owns 92,715 shares in the company, valued at approximately $7,757,464.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $88.05, for a total value of $44,025.00. Following the completion of the transaction, the director now owns 15,498 shares of the company’s stock, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,919 shares of company stock valued at $9,772,010. 0.22% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TJX. Summit Trail Advisors LLC boosted its holdings in TJX Companies by 7,162.0% in the 1st quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock worth $3,321,000 after acquiring an additional 3,275,557 shares during the period. Millennium Management LLC boosted its holdings in TJX Companies by 171.2% in the 1st quarter. Millennium Management LLC now owns 2,655,393 shares of the apparel and home fashions retailer’s stock worth $216,574,000 after acquiring an additional 1,676,204 shares during the period. Renaissance Technologies LLC boosted its holdings in TJX Companies by 406.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,438,900 shares of the apparel and home fashions retailer’s stock worth $110,018,000 after acquiring an additional 1,154,700 shares during the period. Eaton Vance Management boosted its holdings in TJX Companies by 49.7% in the 1st quarter. Eaton Vance Management now owns 2,923,959 shares of the apparel and home fashions retailer’s stock worth $238,478,000 after acquiring an additional 970,534 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in TJX Companies by 25.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 4,727,154 shares of the apparel and home fashions retailer’s stock worth $361,438,000 after acquiring an additional 952,987 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Analyst Recommendations for TJX Companies (NYSE:TJX)

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