TJX Companies (NYSE:TJX) Given New $151.00 Price Target at UBS Group

TJX Companies (NYSE:TJX) had its target price raised by UBS Group from $148.00 to $151.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Stock Performance

Shares of TJX stock opened at $120.00 on Friday. TJX Companies has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market capitalization of $134.90 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.07 and a beta of 0.91. The company’s fifty day moving average price is $122.06 and its two-hundred day moving average price is $117.12.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Trading of TJX Companies

A number of institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

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.