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

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have earned an average rating of "Buy" from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $141.06.

Several equities analysts recently commented on TJX shares. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Barclays reissued an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Institutional Trading of TJX Companies

Hedge funds have recently made changes to their positions in the stock. Petredis Investment Advisors LLC lifted its stake in TJX Companies by 1.4% during the second quarter. Petredis Investment Advisors LLC now owns 55,982 shares of the apparel and home fashions retailer's stock worth $6,913,000 after purchasing an additional 752 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its position in TJX Companies by 6.2% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 2,734 shares of the apparel and home fashions retailer's stock valued at $338,000 after acquiring an additional 160 shares during the period. BTC Capital Management Inc. raised its stake in shares of TJX Companies by 12.3% during the second quarter. BTC Capital Management Inc. now owns 103,404 shares of the apparel and home fashions retailer's stock valued at $12,687,000 after purchasing an additional 11,311 shares in the last quarter. Orrstown Financial Services Inc. raised its position in shares of TJX Companies by 5.7% during the 2nd quarter. Orrstown Financial Services Inc. now owns 13,015 shares of the apparel and home fashions retailer's stock worth $1,607,000 after buying an additional 699 shares in the last quarter. Finally, Deane Retirement Strategies Inc. raised its holdings in TJX Companies by 1.4% during the second quarter. Deane Retirement Strategies Inc. now owns 32,144 shares of the apparel and home fashions retailer's stock worth $3,969,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock opened at $123.69 on Monday. The firm's 50-day moving average is $126.82 and its two-hundred day moving average is $124.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market capitalization of $138.17 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.89 and a beta of 0.88. TJX Companies has a 12-month low of $107.71 and a 12-month high of $135.85.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. TJX Companies's payout ratio is currently 40.00%.

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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