TJX Companies (NYSE:TJX) Given a $114.00 Price Target by Deutsche Bank Aktiengesellschaft Analysts

Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies (NYSE:TJXFree Report) in a research report released on Tuesday.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upped their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an outperform rating in a report on Thursday, February 29th. Telsey Advisory Group restated an outperform rating and set a $112.00 price target on shares of TJX Companies in a report on Friday, May 17th. Redburn Atlantic lowered TJX Companies from a buy rating to a neutral rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a neutral rating to a buy rating and increased their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, UBS Group upgraded TJX Companies from a neutral rating to a buy rating and increased their price target for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of Moderate Buy and a consensus target price of $107.56.

Get Our Latest Report on TJX Companies

TJX Companies Trading Down 0.1 %

Shares of NYSE:TJX opened at $97.69 on Tuesday. The stock has a 50 day moving average of $97.09 and a 200 day moving average of $94.93. The company has a market cap of $110.67 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.56 and a beta of 0.87. 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 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJXGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that TJX Companies will post 4.1 EPS for the current year.

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

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is currently 38.86%.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The shares were 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 owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TJX. Valued Wealth Advisors LLC boosted its holdings in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $28,000. First Pacific Financial acquired a new position in shares of TJX Companies during the first quarter worth about $29,000. Finally, BKM Wealth Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

About TJX Companies

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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.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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