The TJX Companies, Inc. (NYSE:TJX) Given Average Rating of "Buy" by Brokerages

Key Points

• The TJX Companies, Inc. has received an average rating of "Buy" from twenty research firms, with one hold rating, eighteen buy ratings, and one strong buy rating.
• The company reported a quarterly earnings per share (EPS) of $0.92, exceeding analysts' expectations and reflecting a 5.1% increase in revenue compared to the same quarter last year.
• TJX Companies also announced a quarterly dividend of $0.425 per share, which will be paid out on September 4th, indicating a 1.3% dividend yield.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) has been assigned an average rating of "Buy" from the twenty research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $141.0556.

A number of research analysts recently weighed in on the company. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd.

TJX Companies Stock Performance

Shares of TJX opened at $131.97 on Friday. The stock has a market capitalization of $147.42 billion, a P/E ratio of 31.05, a P/E/G ratio of 3.08 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. TJX Companies has a 1 year low of $107.71 and a 1 year high of $135.85. The company's fifty day moving average is $125.32 and its two-hundred day moving average is $124.71.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds have recently made changes to their positions in TJX. CENTRAL TRUST Co lifted its holdings in TJX Companies by 0.9% in the 2nd quarter. CENTRAL TRUST Co now owns 45,741 shares of the apparel and home fashions retailer's stock worth $5,649,000 after buying an additional 416 shares in the last quarter. Blackston Financial Advisory Group LLC grew its stake in TJX Companies by 3.8% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 3,709 shares of the apparel and home fashions retailer's stock valued at $458,000 after purchasing an additional 136 shares in the last quarter. 49 Wealth Management LLC purchased a new position in shares of TJX Companies during the 2nd quarter valued at approximately $202,000. Laffer Tengler Investments Inc. acquired a new stake in shares of TJX Companies during the second quarter worth approximately $4,486,000. Finally, Vise Technologies Inc. bought a new stake in shares of TJX Companies in the second quarter worth $6,485,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

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.

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