Analysts Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $102.19

Shares of The TJX Companies, Inc. (NYSE:TJX) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $102.19.

A number of research firms have issued reports on TJX. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. UBS Group boosted their price objective on shares of 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 restated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, BMO Capital Markets boosted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th.

Insider Buying and Selling at TJX Companies

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 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 of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of 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. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in TJX Companies during the 4th quarter worth about $1,193,438,000. FMR LLC lifted its position in TJX Companies by 13.1% during the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares during the period. Schroder Investment Management Group lifted its position in TJX Companies by 350.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after purchasing an additional 1,617,367 shares during the period. Assenagon Asset Management S.A. lifted its position in TJX Companies by 225.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock valued at $189,959,000 after purchasing an additional 1,480,837 shares during the period. Finally, TD Asset Management Inc lifted its position in TJX Companies by 93.2% during the 3rd quarter. TD Asset Management Inc now owns 2,949,415 shares of the apparel and home fashions retailer’s stock valued at $262,144,000 after purchasing an additional 1,423,004 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $94.08 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a market cap of $106.59 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.40 and a beta of 0.86. The firm has a 50 day simple moving average of $97.50 and a 200 day simple moving average of $93.74. TJX Companies has a 52 week low of $75.65 and a 52 week high of $102.84.

TJX Companies (NYSE:TJX) last posted its earnings results 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. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. Research analysts anticipate that TJX Companies will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

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

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.