The TJX Companies, Inc. (NYSE:TJX) Receives $102.19 Consensus Price Target from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $102.19.

A number of equities analysts have commented on TJX shares. UBS Group lifted their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently added to or reduced their stakes in TJX. Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter worth $1,193,438,000. FMR LLC raised its stake in shares of TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after purchasing an additional 1,617,367 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of TJX Companies by 225.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after purchasing an additional 1,480,837 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of TJX Companies by 93.2% in the third quarter. TD Asset Management Inc now owns 2,949,415 shares of the apparel and home fashions retailer’s stock worth $262,144,000 after purchasing an additional 1,423,004 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $94.08 on Friday. The stock has a market cap of $106.59 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.40 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. TJX Companies has a 1-year low of $75.65 and a 1-year high of $102.84. The stock’s 50-day moving average is $97.50 and its 200 day moving average is $93.74.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. On average, sell-side analysts anticipate that TJX Companies will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a stock buyback plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. TJX Companies’s payout ratio is currently 38.86%.

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.