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 2.2 %

Shares of TJX Stock opened at $64.41 on Friday. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.60. The firm's 50 day moving average is $60.00 and its 200 day moving average is $62.29. The stock has a market capitalization of $75.47 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.90 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Rating) last issued its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $11.41 billion for the quarter, compared to analysts' expectations of $11.58 billion. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The firm's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. Research analysts expect that TJX Companies will post 3.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, August 10th. TJX Companies's dividend payout ratio is presently 42.91%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TJX. The Goldman Sachs Group began coverage on shares of TJX Companies in a research note on Tuesday, August 2nd. They set a "neutral" rating and a $70.00 target price for the company. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. TheStreet downgraded shares of TJX Companies from a "b" rating to a "c+" rating in a research note on Wednesday, May 18th. Gordon Haskett downgraded shares of TJX Companies from a "buy" rating to a "hold" rating and decreased their target price for the company from $67.00 to $60.00 in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of TJX Companies from $81.00 to $76.00 in a research report on Monday, May 16th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.50.

Insider Transactions at TJX Companies

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 transaction of $2,186,880.08. Following the transaction, the executive vice president now owns 160,899 shares in the company, valued at approximately $9,821,274.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Kenneth Canestrari sold 35,827 shares of the firm's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the sale, the executive vice president now directly owns 160,899 shares in the company, valued at approximately $9,821,274.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 30,000 shares of TJX Companies stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the sale, the chief financial officer now owns 119,127 shares in the company, valued at $7,389,447.81. The disclosure for this sale can be found here. Insiders have sold 112,824 shares of company stock worth $6,973,343 in the last 90 days. 0.19% of the stock is currently owned by insiders.