Barclays Raises TJX Companies (NYSE:TJX) Price Target to $137.00

TJX Companies (NYSE:TJX) had its price objective increased by Barclays from $136.00 to $137.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other research reports. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $123.49 on Thursday. The business has a 50-day moving average price of $122.92 and a two-hundred day moving average price of $119.86. TJX Companies has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market cap of $138.82 billion, a P/E ratio of 29.06, a PEG ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts anticipate that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s payout ratio is presently 35.29%.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC purchased a new position in TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.