The TJX Companies, Inc. (NYSE:TJX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The TJX Companies, Inc. (NYSE:TJXGet Rating) has earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.94.

TJX has been the subject of a number of recent research reports. Gordon Haskett lowered TJX Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $67.00 to $60.00 in a research note on Thursday, July 28th. TheStreet upgraded TJX Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 18th. Morgan Stanley lifted their price objective on TJX Companies from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,822 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the transaction, the executive vice president now directly owns 58,335 shares in the company, valued at $3,966,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares of the company’s stock, valued at $3,966,780. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 16,551 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $1,125,468.00. Following the completion of the sale, the chief financial officer now directly owns 102,576 shares in the company, valued at approximately $6,975,168. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,375 shares of company stock worth $9,821,034. Insiders own 0.19% of the company’s stock.

Institutional Trading of TJX Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of TJX Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 90,135,403 shares of the apparel and home fashions retailer’s stock worth $5,460,403,000 after acquiring an additional 277,362 shares during the period. Wellington Management Group LLP increased its holdings in TJX Companies by 1.5% in the first quarter. Wellington Management Group LLP now owns 84,916,301 shares of the apparel and home fashions retailer’s stock valued at $5,144,230,000 after buying an additional 1,274,413 shares during the last quarter. State Street Corp boosted its stake in TJX Companies by 4.4% in the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashions retailer’s stock valued at $3,720,125,000 after acquiring an additional 2,057,821 shares in the last quarter. FMR LLC boosted its stake in TJX Companies by 22.0% in the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock valued at $1,795,510,000 after acquiring an additional 5,804,572 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in TJX Companies by 2.9% in the first quarter. Bank of America Corp DE now owns 22,622,988 shares of the apparel and home fashions retailer’s stock valued at $1,370,502,000 after acquiring an additional 634,718 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $62.01 on Friday. The stock has a 50-day moving average of $63.80 and a two-hundred day moving average of $61.65. TJX Companies has a one year low of $53.69 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.17. The stock has a market cap of $72.00 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.95 and a beta of 0.90.

TJX Companies (NYSE:TJXGet Rating) last issued its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The company had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that TJX Companies will post 3.11 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s payout ratio is 42.14%.

TJX Companies Company Profile

(Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, 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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