TJX Companies - TJX Stock Forecast, Price & News

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. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts.

TJX Companies Trading Up 0.8 %

TJX Stock traded up $0.50 during mid-day trading on Monday, hitting $65.97. 96,098 shares of the company were exchanged, compared to its average volume of 6,974,699. The business has a fifty day simple moving average of $60.08 and a 200-day simple moving average of $62.13. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.60. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35. The firm has a market capitalization of $77.29 billion, a P/E ratio of 23.81, a PEG ratio of 2.00 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Rating) last posted its quarterly earnings data on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $11.58 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts predict that TJX Companies will post 3.12 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.79%. TJX Companies's payout ratio is 42.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TJX shares. Morgan Stanley reduced their target price on shares of TJX Companies from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Gordon Haskett cut shares of TJX Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. TheStreet cut shares of TJX Companies from a "b" rating to a "c+" rating in a research report on Wednesday, May 18th. The Goldman Sachs Group initiated coverage on shares of TJX Companies in a research report on Tuesday, August 2nd. They set a "neutral" rating and a $70.00 price objective for the company. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.50.

Insider Activity

In other news, EVP Kenneth Canestrari sold 35,827 shares of TJX Companies stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $61.04, for a total value of $2,186,880.08. Following the transaction, the executive vice president now directly owns 160,899 shares of the company's stock, valued at approximately $9,821,274.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, EVP Kenneth Canestrari sold 35,827 shares of the business's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $61.04, for a total value of $2,186,880.08. Following the transaction, the executive vice president now directly owns 160,899 shares of the company's stock, valued at approximately $9,821,274.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Sherr sold 46,997 shares of the business's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the transaction, the executive vice president now directly owns 104,127 shares in the company, valued at $6,481,905.75. The disclosure for this sale can be found here. Insiders have sold 112,824 shares of company stock valued at $6,973,343 in the last ninety days. 0.19% of the stock is currently owned by company insiders.