TJX Companies (NYSE:TJX) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of TJX Companies (NYSE:TJXGet Rating) from a hold rating to a buy rating in a report released on Monday morning.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $79.00 to $85.00 and gave the stock a buy rating in a report on Thursday, November 17th. Cowen lifted their target price on shares of TJX Companies from $78.00 to $84.00 and gave the stock an outperform rating in a report on Thursday, November 17th. Telsey Advisory Group lifted their target price on shares of TJX Companies from $86.00 to $95.00 and gave the stock an outperform rating in a report on Thursday, November 17th. Robert W. Baird lifted their target price on shares of TJX Companies from $77.00 to $84.00 and gave the stock an outperform rating in a report on Thursday, November 17th. Finally, TheStreet raised shares of TJX Companies from a c+ rating to a b rating in a report on Thursday, August 18th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $82.42.

TJX Companies Stock Performance

Shares of TJX opened at $79.00 on Monday. The firm has a 50-day moving average of $67.86 and a 200-day moving average of $63.54. TJX Companies has a one year low of $53.69 and a one year high of $79.99. The company has a market cap of $91.72 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.41.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s dividend payout ratio is 41.11%.

Insider Buying and Selling

In related news, EVP Kenneth Canestrari sold 4,100 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $78.51, for a total transaction of $321,891.00. Following the completion of the transaction, the executive vice president now directly owns 126,822 shares in the company, valued at approximately $9,956,795.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Ernie Herrman sold 50,282 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the transaction, the chief executive officer now directly owns 696,439 shares in the company, valued at approximately $45,895,330.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 4,100 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $78.51, for a total transaction of $321,891.00. Following the transaction, the executive vice president now owns 126,822 shares of the company’s stock, valued at $9,956,795.22. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in TJX Companies by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 90,731,283 shares of the apparel and home fashions retailer’s stock valued at $5,636,227,000 after acquiring an additional 969,555 shares during the period. Wellington Management Group LLP increased its position in TJX Companies by 1.5% in the 1st 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 acquiring an additional 1,274,413 shares during the period. State Street Corp increased its position in TJX Companies by 0.5% in the 3rd quarter. State Street Corp now owns 45,499,316 shares of the apparel and home fashions retailer’s stock valued at $2,826,418,000 after acquiring an additional 211,382 shares during the period. FMR LLC increased its position in TJX Companies by 22.0% in the 2nd 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 during the period. Finally, Bank of America Corp DE increased its position in TJX Companies by 2.9% in the 1st 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 during the period. 90.42% of the stock is currently owned by institutional investors and hedge funds.

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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